Kasturi Metal Composite Ltd. IPO

Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing supply and export of steel fiber products for industrial applications.

The company manufactures Steel Wool Fiber for brake pads and clutches, trades Durocrete PP Fibers, and offers concrete flooring solutions through Durafloor Concrete Solution LLP.

The company markets Duraflex and Durabond products for industries like construction, mining, and automotive, offering solutions for tunnels, roads, bridges, and more, ensuring structural integrity and quality.

The company operates three units in MIDC Amravati: Unit 1 for fine wire drawing, Units 2-3 for steel fibers and mild steel wire production, ensuring efficient operations and quality products.

Products Portfolio:
  • Duraflex Steel Fibers: High-strength fibers for tunnels, mines, and rock stabilization, enhancing ductility and load capacity.
  • Industrial Flooring Fibers: Strengthen concrete in warehouses, factories, roads, and precast walls, improving crack resistance.
  • Durabond Steel Wool Fiber: High thermal stability fibers, reinforcing structures, available in various grades for diverse applications.

As on October 31, 2025, the company has employed 98 permanent full-time employees.

Competitive Strengths:

  • Strong Manufacturing Capabilities
  • Strong portfolio and diverse range of Steel Fiber products
  • Stringent quality control mechanism ensuring standardized product quality
  • Established relationships with customers across various geographical locations
  • Experienced Promoter and Strong Management Team Our company is led by individual promoters Samit Surend.

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets44.4335.5733.4521.71
Total Income32.2957.2250.2037.37
Profit After Tax2.472.072.351.49
EBITDA4.805.695.403.97
NET Worth20.1917.7612.297.03
Reserves and Surplus12.5510.1211.286.24
Total Borrowing14.2813.1511.839.78
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Funding the capital expenditure towards, mechanical and electrical works, interior work and procurement of plant and machinery for setting up a new manufacturing facility at Amravati, Maharashtra (“Proposed Unit IV”)13.29
2General Corporate Purpose 

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE13.01%13.80%
ROCE12.35%13.76%
Debt/Equity0.710.74
RoNW12.03%11.54%
PAT Margin7.71%3.64%
EBITDA Margin9.99%9.99%
Price to Book Value2.420.42
 Pre IPOPost IPO
EPS Rs2.714.75
P/E (x)23.5913.47

Kasturi Metal IPO Details

IPO Date 27 to 29 Jan, 2026
Listing Date Tue, Feb 3, 2026T
Face Value ₹10 per share
Price Band ₹61 to ₹64
Lot Size 2,000 Shares
Sale Type Fresh Capital
Issue Type Bookbuilding IPO
Listing At BSE SME
Total Issue Size 27,52,000 shares (agg. up to ₹18 Cr)
Reserved for Market Maker
1,38,000 shares (agg. up to ₹0.8832 Cr)
Net Offered to Public 26,14,000 shares (agg. up to ₹17 Cr)
Share Holding Pre Issue 76,43,212 shares
Share Holding Post Issue 1,03,95,212 shares

Kasturi Metal IPO Promoter Holding

Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai are the promoters of the company.

Share Holding Pre Issue92.35%
Share Holding Post Issue67.90

SHARIAH SCREENING for - Kasturi Metal Composite Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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