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Explore how Kasturi Metal Composite Ltd’s IPO performed on its opening day, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The Kasturi Metal Composite Ltd IPO opened for subscription on January 27, 2026, marking the public market debut of the SME metal manufacturing company. Operating in the metal composite segment, the company aims to strengthen its manufacturing capabilities and expand its market reach through this public issue.
The IPO is valued at ₹17.61 crore and is a book-built issue, offering equity shares in the price band of ₹61 to ₹64 per share. The issue is listed on the BSE SME platform and is open to retail as well as institutional investors.
The Kasturi Metal Composite Ltd IPO received a modest response on Day 1, with participation primarily coming from Qualified Institutional Buyers (QIBs). Retail investor interest remained muted during the initial hours of bidding.
On the first day of bidding, the Kasturi Metal Composite Ltd IPO was subscribed 0.88× overall. Institutional investors showed early interest, while retail participation remained limited. The Non-Institutional Investor (NII) category did not record meaningful bids on Day 1.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
3.00× |
Retail Individual Investors (RII) |
0.17× |
Non-Institutional Investors (NII) |
0.00× |
Total |
0.88× |
The early traction from QIBs indicates selective institutional interest, while retail participation may pick up in the coming days as visibility around the issue improves.
The Kasturi Metal Composite Ltd. IPO saw an improvement in investor participation on Day 2 of bidding, with overall subscription crossing the 1× mark. Institutional interest strengthened notably, while retail and non-institutional participation remained measured.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
4.00× |
Retail Individual Investors (RII) |
1.02× |
Non-Institutional Investors (NII) |
0.49× |
Total |
1.67× |
The strong response from Qualified Institutional Buyers helped push the IPO into oversubscription territory on the second day. Retail participation continued to build gradually, while NII interest remained relatively subdued. The trend indicates growing confidence among institutional investors as the issue progresses toward its closing date.
On the third day of bidding, the Kasturi Metal Composite Ltd. IPO was subscribed 8.20× overall, reflecting strong participation across all categories. Qualified Institutional Buyers (QIBs) continued to show robust interest, while retail and non-institutional segments also saw significant activity.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
4.00× |
Retail Individual Investors (RII) |
6.43× |
Non-Institutional Investors (NII) |
15.36× |
Total |
8.20× |
The strong subscription numbers suggest increased confidence from institutional and retail investors in the Kasturi Metal Composite Ltd. IPO. The high demand on Day 3 could lead to a competitive final phase for the issue.
The price band for the Kasturi Metal Composite Ltd IPO is fixed at ₹61 to ₹64 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 2 lots comprising 4,000 equity shares (aggregating to approximately ₹2,56,000 at the upper price band), and in multiples thereof.
At the upper price band, one lot requires an investment of ₹1,28,000, positioning the IPO in line with typical SME offerings.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
2 |
4,000 |
₹2,56,000 |
HNI (Minimum) |
2 |
4,000 |
₹2,56,000 |
The structure caters mainly to investors comfortable with SME exposure and higher minimum investment thresholds.
For detailed insights about the company, issue particulars, and the latest updates, visit the Kasturi Metal Composite IPO on Bajaj Markets.
The key timeline for the Kasturi Metal Composite Ltd IPO is outlined below:
| Event | Date | Description |
|---|---|---|
IPO Open Date |
January 27, 2026 |
Issue opens for subscription |
IPO Close Date |
January 29, 2026 |
Final day to submit bids |
Basis of Allotment |
January 30, 2026 |
Finalisation of allotment |
Refunds Initiation |
February 2, 2026 |
Refunds for unallotted investors |
Credit of Shares |
February 2, 2026 |
Shares credited to Demat |
Listing Date |
February 3, 2026 |
Listing on BSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Kasturi Metal Composite Ltd IPO through ASBA or UPI-based IPO applications.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Kasturi Metal Composite Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Kasturi Metal Composite Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming ipo’s here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on 19 Dec
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