Kasturi Metal Composite IPO

Kasturi Metal Composite IPO is a book building issue of ₹17.61 cr, which is entirely a fresh issue of shares. The price band for this IPO is set at ₹61 to ₹64 per share, with a lot size for an application is 2,000. The minimum amount of investment required by an individual investor to invest is ₹2,56,000 (4,000 shares). This IPO will open for subscription on the BSE SME platform from January 27, 2026 to January 29, 2026 with a tentative listing date fixed as Feb 3, 2026.

Company Background

Kasturi Metal Composite Ltd., founded in 2005, is a premier manufacturer and exporter of specialized steel fiber products for the construction, mining and automotive sectors. This company operates 3 advanced units in MIDC Amravati, the company produces high-strength brands like Duraflex and Durabond, essential for reinforcing tunnels, bridges and brake pads. As a versatile player in structural integrity, Kasturi combines strong manufacturing with stringent quality control. This company led by promoter Samit Surendra, the firm leverages a diverse portfolio and established global customer relationships to drive industrial innovation.

Operations and Product Range

Facility and Production

The company has 3 state-of-the-art manufacturing facilities at MIDC Amravati (Maharashtra) with a combined area of 6,875 sq. mtr. With special equipment for fine wire drawing and steel fiber production our plants are the most modern in this branch. Backed with inhouse quality testing facilities, the units have high standard of quality demanded for construction of large size infrastructure and industrial products.

Brands and Market Presence

Kasturi Metal Composite Ltd. has maintained its high-quality solutions under the flagship brands "Duraflex" and "Durabond". It holds a strong presence in domestic and international markets, supplying to sectors like construction, engineering and logistics. Additionally, it trades synthetic fibers under the "Durocrete" brand and provides specialized flooring solutions through its subsidiary, Durafloor Concrete Solution LLP.

Revenue Channels

• • Domestic sales of steel fibers and wool.
• • Direct exports to the global infrastructure projects.
• • B2B clients (collaboration or partnerships)

Management and Shareholding

Promoters and Shareholding

Kasturi Metal Composite is led by its core promoters: Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai. Before the IPO, the promoters held a dominant 92.35% stake. After the IPO (Post-IPO), the fresh issue of 27.52 lakh shares, their holding is expected to adjust to 67.90%, providing a balanced structure for future public participation.

Board Members

The board members of Kasturi Ltd. is chaired by Samit Surendra Singhai, who serves as the Managing Director with over two decades (20+ years) of experience. The BOD is supported by Akash Surendra Singhai and a team of seasoned professionals overseeing production and compliance. The board includes independent directors who ensure transparency and adhere to the corporate governance standards required for a public listing.