Kasturi Metal Composite
IPOIssue Details
Issue Size
– Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹61 – ₹64
Lot Size
2000
₹1,28,000
Face Value
₹10
Important Dates
Open Date
27 Jan 2026
Close Date
29 Jan 2026
Allotment
30 Jan 2026
Refund
02 Feb 2026
Listing
03 Feb 2026
About Company
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.
It markets Duraflex and Durabond products for construction, mining and automotive industries, offering solutions for tunnels, roads, bridges, warehouses, factories and precast structures.
Operations are carried out through three units in MIDC Amravati: Unit 1 for fine wire drawing and Units 2 and 3 for steel fibers and mild steel wire production.
The operational setup is designed to ensure efficient manufacturing, quality control and timely delivery of steel fiber-based products.
As of October 31, 2025, the company has 98 permanent full-time employees.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | 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 |
| 2 | General corporate purposes. | – |
Financial Performance
Share Reservations
QIB
13,04,000
Anchor
7,82,000
NII
3,94,000
Retail
9,16,000
Employee
0
Total
27,52,000
RHP Insights
AI-powered analysis from Red Herring Prospectus
Strong Revenue Growth and Profitability
The company reported a significant increase in Restated Profit After Tax (PAT), rising by 57.58% from ₹149.22 lakhs in FY 2022-23 to ₹235.14 lakhs in FY 2023-24.
Impact: HighSignificant Capacity Expansion Plans
Kasturi is setting up a new manufacturing facility in Amravati ('Proposed Factory IV') with an estimated investment of ₹1,418.78 lakhs, primarily funded by the IPO proceeds.
Impact: HighPending Machinery Orders for Expansion
Final orders for machinery and interior works worth ₹720.40 lakhs are yet to be placed, which could lead to project delays or cost overruns if not managed timely.
Impact: LowHealthy Leverage Ratio
As of September 30, 2025, the company maintains a conservative Debt-to-Equity ratio of 0.71:1, well below the standard threshold of 3:1.
Impact: HighLabor-Intensive Operations Risk
The industry is highly labor-intensive and subject to stringent labor laws. Any strike, work stoppage, or wage disputes could adversely affect business continuity and margins.
Impact: LowSWOT Analysis
AI-generated strategic view
Strengths
- •Strong manufacturing capabilities with dedicated units for fine wire drawing and steel fiber production.
- •Diverse product portfolio covering steel fibers, steel wool fibers, PP fibers and concrete flooring solutions.
- •Stringent quality control mechanisms ensuring standardized product quality.
- •Established relationships with customers across various geographical locations.
- •Experienced promoters and a strong management team.
Weaknesses
- •Dependence on a niche steel fiber segment limits diversification into other material categories.
- •Exposure to cyclicality in construction, mining and infrastructure sectors.
- •Relatively modest scale of operations compared to larger metal and materials companies.
Opportunities
- •Growing demand for high-performance concrete reinforcement solutions in infrastructure and industrial projects.
- •Increasing adoption of fiber-reinforced concrete in tunnels, roads, bridges and warehouses.
- •Capacity expansion via the proposed new manufacturing facility at Amravati (Proposed Unit IV).
- •Potential to deepen export markets for specialized steel fiber products.
Threats
- •Raw material price volatility impacting margins.
- •Competition from domestic and international steel fiber and construction material manufacturers.
- •Slowdown in construction, mining or infrastructure spending could adversely affect order flow.
- •Working capital intensity typical of manufacturing and project-linked businesses.
Kasturi Metal Composite - Documents & Links
Registrar
Company contact
Kasturi Metal Composite Ltd
Address: A30/3/1, MIDC, H. V. Nagar, Amravati, Amravati, Maharashtra, 444605
info@steelfiberindia.inhttp://www.steelfiberindia.in/Lead managers
Frequently Asked Questions
Common questions about Kasturi Metal Composite IPO.