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Kolkata: The Union budget will be placed on Sunday, Feb 1. Before that important exercise by the government, there are no mainboard issues this week. Both India Inc and investors might be a bit nervous waiting to see the provisions in the budget. However, there are half a dozen SME IPOs the bidding windows of which will open this week. One is opening today Jan 27. The issue is a book build one that is designed to raise Rs 17.61 crores through a combination of fresh issue of 0.28 crore shares only. Let's have a look at the details.
According to investorgain, Kasturi Metal Composite IPO GMP stood at zero in early morning of Jan 27. It did not rise from that level over the past few days. However, it must be kept in mind that GMP or Grey Market Premium is an unofficial indicator which can be extremely volatile and does not guarantee any listing gain.
Kasturi Metal Composite IPO price band is set at Rs 61 to Rs 64 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is Rs 2,56,000 and the calculation is based on the upper end of the price band. On the other hand, the minimum lot size for investment in HNI is three lots or 6,000 shares and the minimum application will entail Rs 3,84,000.
Hem Securities is the book running lead manager and Bigshare Services is the registrar of the issue. The Market Maker of the company is Hem Finlease.
Bid opens: Today, Jan 27, 2026
Bid closes: Jan 29
Allotment date: Jan 30
Refund date: Feb 2
Credit of Shares: Feb 2
Listing date: Feb 3, 2026
The company was set up in 2005. It manufacture and exports steel fiber products for industrial applications. Kasturi Metal Composite manufactures steel wool Fiber for brake pads and clutches, trades Durocrete PP Fibers and also offers concrete flooring solutions through Durafloor Concrete Solution LLP. It has three units in MIDC Amravati. It markets Duraflex and Durabond products for industries such as construction, mining, and automotive, offering solutions for tunnels, roads, bridges, and more, ensuring structural integrity.
The total income of the company stood at Rs 32.29 crore (Q2FY26); Rs 57.22 crore (FY25); Rs 50.20 crore (FY24) and Rs 37.37 crore (FY23). The PAT for those four periods respectively are Rs 2.47 crore, Rs 2.07 crore, Rs 2.35 crore and Rs 1.49 crore. The assets for the same periods are Rs 44.43 crore, Rs 35.57 crore, Rs 33.45 crore and Rs 21.71 crore.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
