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₹64 - 64
Kasturi Metal Composite Ltd
SteelIPOSME
₹64 - 64
Established in 2005, the company specializes in manufacturing steel fiber products for industrial applications. Its portfolio includes Loose Hook-End, Glued Hook-End, and Flat Crimped Steel Fibers, along with Steel Wool Fiber. Operating under Duraflex, Durabond, and Durocrete brands, it serves construction, engineering, automotive, and infrastructure sectors. Its subsidiary, Durafloor Concrete Solution LLP, provides specialized flooring solutions. With 20 years of experience, the company supplies critical materials for tunnel shotcrete, precast concrete, industrial flooring, road construction, and automotive friction linings, consistently delivering quality and value across diverse industries.
Lot2,000Min Invest₹2,56,000Face Value₹10Issue Size₹18 CrFresh Issue₹18 CrListing Price₹64CMP₹70
Timeline
27 Jan
Bidding opens
29 Jan
Bidding closes
30 Jan
Allotment
2 Feb
Refund & demat credit
3 Feb
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹18 Cr0.28 Cr shares
Fresh Issue₹18 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.89% · NII 15.07% · RETAIL 35.04%
Application Sizes
Retail₹2,56,0001-1 lots
sNII₹2,56,000from 2 lots
bNII₹10,24,000from 8 lots
Managers & Registrar
Lead ManagerHem Securities Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group92.37%67.9%Public7.63%32.1%
Objects of the Issue
- 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")
- General corporate purpose
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 50 | 57 | 64 |
| Operating ProfitCr | 5 | 6 | 8 |
| OPM% | 11.0 | 10.1 | 12.5 |
| PBTCr | 3 | 3 | 6 |
| PATCr | 2 | 2 | 4 |
| EPS | 3 | 3 | 5 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 1 | 8 | 10 |
| ReservesCr | 11 | 10 | 27 |
| BorrowingsCr | 12 | 13 | 14 |
| Total AssetsCr | 33 | 36 | 60 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 2 | 3 | 4 |
| Investing Cash FlowCr | -1 | -2 | -14 |
| Financing Cash FlowCr | -2 | 2 | 14 |
| Net Cash FlowCr | 0 | 3 | 4 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Setup of new integrated manufacturing unit.
- Strategic Commitment to Quality and Competitive Edge.
- Continue to strengthen our existing product portfolio and diversify into new product lines.
- Optimal Utilization of Resources.
- Augmenting growth in domestic and international markets.
Risks · as stated in the DRHP
- We are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on our business operations and financial conditions.
- Substantial portion of our revenues has been dependent upon few customers. The loss of any one or more of our major customer would have a material adverse effect on our business, cash flows, results of operations and financial condition.
- Our Company does not have long-term agreements with suppliers for input materials. A significant increase in the cost or shortfall in the availability of such materials, along with price fluctuations, could adversely impact our business, financial condition, and operational results.
- Our Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- Our Business is dependent on our manufacturing unit. Any disruption, breakdown or failure of machinery, disruption to power sources or any temporary shutdown of our manufacturing unit, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
- Company derives significant portion revenue from manufacturing of Steel Fiber and any reduction in the demand of such products could have an adverse effect on the business, results of operations and financial condition.