Kasturi Metal Composite IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 37.37 | 50.20 | 57.22 | 32.29 |
| Expense | 35.38 | 46.84 | 54.18 | 28.56 |
| Profit (PAT) | 1.49 | 2.35 | 2.07 | 2.47 |
| Total Assets | 21.71 | 33.45 | 35.57 | 44.43 |
Promoters: Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 76,43,212 | 92.35% |
| Promoter Holding Post Issue | 1,03,95,212 | 67.90% |
Company Information
Kasturi Metal Composite, founded in 2005, has been involved in the manufacturing and exporting of steel fiber products. Its product portfolio consists of Loose Hook-End Steel Fiber, Glued Hook-End Steel Fiber, and Flat Crimped Steel Fiber, available in various sizes for fiber-reinforced concrete applications. Moreover, the company also manufactures Steel Wool Fiber for brake pads and clutches, and trades Macro Synthetic PP Fibers under the Durocrete brand. The firm mostly promotes its products under the brands Duraflex and Durabond to cater to various industries, including construction, engineering, warehousing, logistics, mining, infrastructure, and automotive. Its manufacturing units consist of high-tech machines like wire drawing machines, wet and dry wire systems, and special equipment to manufacture steel fibre products.
| Purpose | Amount (Cr) |
|---|---|
| Funding 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 |
| General Corporate Purpose | - |
Resources & Documents
Kasturi Metal Composite Ltd., A30/3/1,, MIDC,, H. V. Nagar, Amravati,, Amravati, Maharashtra, 444605
Kasturi Metal Composite has set a price band of Rs 61–Rs 64 per share for an issue size of Rs 18 crore in the metals & composites sector. The stock listed with a 1.31% discount versus its issue price on February 03, 2026.
Kasturi Metal Composite, founded in 2005, has been involved in the manufacturing and exporting of steel fiber products. Its product portfolio consists of Loose Hook-End Steel Fiber, Glued Hook-End Steel Fiber, and Flat Crimped Steel Fiber, available in various sizes for fiber-reinforced concrete applications. The company operates in the metals & composites space.
The issue is promoted by Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai with Hem Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding the capital expenditure towards, mechanical and electrical works, interior work and procurement of plant and mac… (Rs 13 crore) and General Corporate Purpose.
Current grey market activity shows a flat premium, indicating muted unofficial demand, down Rs 2 from the previous session. Final subscription data records overall subscription at 17.82x, retail at 16.49x, QIB at 4.00x, NII at 39.23x.
On fundamentals, the company is posting revenue growth of 14.0%, a profit margin of 3.6%, return on equity of 13.8% in its most recent reported period.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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