Delhi: Kasturi Metal Composite Limited (KMCL), a manufacturer and provider of engineered steel fibers and industrial flooring solutions, has fixed the price band at ₹61-64 per equity share for its proposed Initial Public Offering (IPO). The IPO is slated to open on January 27, 2026, and will conclude on January 29, 2026. The anchor portion will open on January 23, 2026.
The IPO is a fresh issue of 27.52 lakh equity shares with a face value of Rs 10 each through the book-building route. At the upper end of the price band, the issue size aggregates up to ₹17.61crore.
The company’s shares will be listed on the SME platform of Bombay Stock Exchange (BSE SME). Investors can bid for 4,000 equity shares at a minimum, and subsequently in multiples of 2,000 shares.
As disclosed in the offer document, a majority portion of the IPO proceeds is proposed to be utilised for capital expenditure towards setting up a new manufacturing facility in Amravati, Maharashtra. The planned facility, spread over 15,300 square meters, will include a steel fiber production plant with an annual capacity of 6,000 MT and a Macro Synthetic PP Fiber production plant with an annual capacity of 500 MT. A portion of the proceeds is proposed to be utilised for general corporate purposes, as detailed in the offer document.
Established in 2005, KMCL is engaged in the manufacturing, supply, and exports of steel fiber and steel wool fiber products used in concrete reinforcement and automotive braking applications respectively. The company currently operates three existing steel fiber and steel wool fiber manufacturing units in Amravati. Through its subsidiary Durafloor Concrete Solutions LLP, KMCL also provides specialty flooring solutions for industrial and warehousing applications.
The company posted total revenues of ₹57.21 crore and a profit (PAT) of ₹2.07 crore for the financial year ended 31 March 2025. For the half-year ended 30 September 2025, KMCL posted total revenues of ₹32.28 crore and a profit (PAT) of ₹2.46 crore.
Hem Securities Limited is the sole Book Running Lead Manager (BRLM), and Bigshare Services Private Limited is the registrar for the IPO.
This announcement is made pursuant to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, as amended. Potential investors are advised to read the Red Herring Prospectus (RHP) carefully for detailed information about the
company, the offer and associated risk factors.
