Kasturi Metal Composite IPO opens for subscription on January 27, 2026, and closes on January 29, 2026, raising ₹18 crore through a fresh issue listed on BSE SME. The Amravati-based manufacturer produces steel fibre reinforced concrete (SFRC) products, including paving blocks, kerbstones, and industrial flooring solutions for construction and infrastructure projects. Kasturi Metal Composite IPO positions investors for growth in India’s infrastructure pipeline, including highways and smart cities.
₹2
₹64
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Expert Opinions
Market sentiment for Kasturi Metal Composite IPO exhibits cautious optimism in SME space, supported by infrastructure spending yet moderated by steel sector cyclicality. Company strengths feature ISO-certified production of steel fibre reinforced concrete products for industrial flooring, tunnels, and precast elements, with three integrated units in Amravati ensuring cost efficiencies and diverse applications.
Risks include raw material steel price volatility, project delays in construction cycles, limited geographic footprint, and execution of new Unit IV. Valuation analysis for Kasturi Metal Composite IPO and year 2025 shows Return on Equity (ROE) of 13.80%, ROCE of 13.76%, and Net Asset Value (NAV) of ₹24.79, aligning with conservative SME multiples. Long-term investment perspective merits allocation for infra-linked compounding, anticipating highways/smart cities capex surge.
Investor Considerations
Kasturi Metal Composite IPO investors should examine the company’s moderate growth trajectory, with revenue rising 13.98% to ₹57.22 crore and PAT dipping 1.91% to ₹2.07 crore in FY 2025, alongside EBITDA margins contracting to 9.99% from 10.83%. Precast concrete sector outlook gains momentum from ₹111 lakh crore National Infrastructure Pipeline through 2025, prioritizing durable SFRC applications.
Valuation analysis for Kasturi Metal Composite IPO in 2025 indicates Price to Book Value of 0.42, PAT Margin of 3.64%, and Debt/Equity ratio of 0.74, suggesting deep value amid modest profitability. Growth prospects rely on ₹13.29 crore new unit commissioning boosting capacity 50% for industrial flooring demand. Risk factors comprise steel input volatility, construction cycle slowdowns, and execution delays for greenfield expansion. Long-term investment goals benefit from infra spending continuity, while short-term exposure risks SME illiquidity.
| Date | GMP | Trend |
|---|---|---|
| 01 Feb 2026 13.48 | ₹2 | Up |
| 30 Jan 2026 19.23 | ₹00 | --- |
| 29 Jan 2026 20.04 | ₹00 | --- |
| 28 Jan 2026 20.36 | ₹00 | --- |
| 27 Jan 2026 21.33 | ₹00 | --- |
| 26 Jan 2026 18.35 | ₹00 | --- |
| 22 Jan 2026 21.15 | ₹00 | --- |
| 21 Jan 2026 20.30 | ₹00 | --- |
FAQs
Kasturi Metal Composite IPO Current GMP is ₹2.
Kasturi Metal Composite IPO Expected Returns is 3.12%.
Kasturi Metal Composite IPO estimated listing price is ₹66.