Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fiber products used across a wide range of industrial and infrastructure applications. The company operates in the niche segment of steel fiber–based reinforcement solutions, serving construction, mining, automotive, and industrial sectors.
The company manufactures steel fibers and steel wool fibers, which are primarily used in steel fiber reinforced concrete (SFRC) and automotive friction applications. It also trades polypropylene (PP) fibers under the Durocrete brand. In addition, through its subsidiary Durafloor Concrete Solutions LLP, the company offers end-to-end concrete flooring solutions for industrial and commercial projects.
Kasturi Metal Composite markets its products under established brands such as Duraflex and Durabond, catering to applications including tunnels, roads, bridges, mines, industrial floors, warehouses, and precast structures.
Key products include:
- Duraflex Steel Fibers: High-strength steel fibers designed for tunnels, mining, rock stabilization, and heavy infrastructure projects. These fibers enhance ductility, load-bearing capacity, and crack resistance of concrete.
- Industrial Flooring Fibers: Used in warehouses, factories, roads, pavements, and precast walls to improve durability, structural integrity, and resistance to cracking.
- Durabond Steel Wool Fibers: Steel wool fibers with high thermal stability, primarily used in brake pads, clutches, and reinforcement applications. Available in multiple grades to meet diverse industrial requirements.
The company operates three manufacturing units at MIDC Amravati, Maharashtra—Unit 1 for fine wire drawing and Units 2 & 3 for steel fiber and mild steel wire manufacturing, enabling efficient operations, consistent quality, and scalable production.
Through Durafloor Concrete Solutions LLP, the company provides customized and turnkey concrete flooring solutions for warehouses, logistics parks, industrial plants, commercial buildings, and parking structures, enabling the group to offer comprehensive solutions from raw materials to finished flooring.
As of October 31, 2025, Kasturi Metal Composite Limited employed 98 permanent full-time employees.
Kasturi Metal Composite IPO – Details
| IPO Opening Date | 27 January 2026 |
| IPO Closing Date | 29 January 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 27,52,000 Shares Worth ₹17.61 Crore Fresh Issue: 27,52,000 Shares Worth ₹17.61 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 – ₹64 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Kasturi Metal Composite IPO – Date Schedule
| IPO Open Date | 27 January 2026 |
| IPO Close Date | 29 January 2026 |
| Basis of Allotment | 30 January 2026 |
| Initiation of Refund | 02 February 2026 |
| Credit of Shares to Demat | 02 February 2026 |
| IPO Listing Date | 03 February 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 29, 2026 |
Kasturi Metal Composite IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,56,000 |
| Retail (Max) | 2 | 4000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 14000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,24,000 |
Competitive Strength
- Strong Manufacturing Capabilities.
- Strong portfolio and diverse range of Steel Fiber products.
- Stringent quality control mechanism ensuring standardized product quality.
- Established relationships with customers across various geographical locations.
- Experienced Promoter and Strong Management Team Our company is led by individual promoters Samit Surend.
Company Promoters
- Samit Surendra Singhai
- Akash Surendra Singhai
- Surendra Fatechand Singhai
- Lata Surendra Singhai
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹37.37 Cr | ₹35.38 Cr | ₹1.49 Cr | ₹9.78 Cr |
| 31 March 2024 | ₹50.20 Cr | ₹46.84 Cr | ₹2.35 Cr | ₹11.83 Cr |
| 31 March 2025 | ₹57.22 Cr | ₹54.18 Cr | ₹2.07 Cr | ₹13.15 Cr |
| 30 September 2025 | ₹32.29 Cr | ₹28.56 Cr | ₹2.47 Cr | ₹14.28 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 13.01% |
| ROCE | 12.35% |
| Debt/Equity | 0.71 |
| RoNW | 12.03% |
| PAT Margin | 7.71 |
| EBITDA Margin | 9.99 |
| Price to Book Value | 2.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.71 | 4.75 |
| P/E (x) | 23.59 | 13.47 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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 |
| General corporate purposes. | – |
✅Strengths
- Niche player in steel fiber & steel wool products for infrastructure and industrial use.
- Integrated manufacturing with 3 units at MIDC Amravati ensuring quality control.
- Diversified portfolio including steel fibers, PP fibers, and concrete flooring via subsidiary.
- Experienced promoters with 20+ years in the steel industry.
- Order book of ₹3,752.48 lakh providing revenue visibility.
- Presence in export markets.
⚠️Risks
- Raw material price volatility may impact margins.
- High dependence on infrastructure & construction sector demand.
- Working-capital intensive operations with reliance on bank borrowings.
- Customer concentration risk from large EPC clients.
- No dividend history; payouts depend on future profitability.
Kasturi Metal Composite IPO Promoter Holding
| Pre-Issue Share Holding | 92.35% |
| Post Issue Share Holding | 67.90% |
Kasturi Metal Composite IPO Prospectus
Company Contact Information
| Kasturi Metal Composite Ltd. A30/3/1, MIDC, H. V. Nagar, Amravati, Amravati, Maharashtra, 444605 Phone: +0721-2520293 Email: info@steelfiberindia.in Website: https://steelfiberindia.in/ |
Kasturi Metal Composite IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Kasturi Metal Composite IPO Lead Manager(s)
| 1. Hem Securities Ltd. |
Kasturi Metal Composite IPO FAQ
| What is the Kasturi Metal Composite IPO? Kasturi Metal Composite IPO is an SME IPO. The issue is priced at ₹61 – ₹64 per equity share. The IPO is to be listed on BSE SME. |
| When will Kasturi Metal Composite IPO open? The IPO is to open on 27 January 2026 for QIB, NII, and Retail Investors. |
| What is Kasturi Metal Composite IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Kasturi Metal Composite IPO Size? Kasturi Metal Composite IPO size is ₹17.61 Crore. |
| What are the Kasturi Metal Composite IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,56,000, while the maximum bid is 4000 Shares for ₹2,56,000. |
| What is the Kasturi Metal Composite IPO Allotment Date? Kasturi Metal Composite IPO allotment date is 30 January 2026. |
| What is the Kasturi Metal Composite IPO Listing Date? Kasturi Metal Composite IPO listing date is 03 February 2026. The IPO is to be listed on the BSE SME. |
