IPO

IPO Synopsis

Kasturi Metal Composite Ltd
Registered Office: A30/3/1 MIDC H.V.Nagar, , Amravati - 444506 , Maharashtra , India.
Phone : +0721-2520293/94/95   Fax:
Email :  info@steelfiberindia.in  
Website :  www.steelfiberindia.in
Initial public offer of upto 27,52,000 equity shares of face value of Rs10/- each (the "Equity Shares") of Kasturi Metal Composite Limited ("the Company" or "the Issuer") at an issue price of Rs64 per equity share (including share premium of Rs54 per equity share) for cash, aggregating up to 17.61 crores ("Public Issue") out of which 1,38,000 equity shares of face value of Rs10/- each, at an issue price of Rs64 per equity share for cash, aggregating Rs0.88 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 26,14,000 equity shares of face value of Rs10/- each, at an issue price of Rs64 per equity share for cash, aggregating upto Rs16.73 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47 % and 25.15% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs64 per equity share of face value Rs10/- each. The floor price is 6.4 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter..
Issue Money Payable On
Opens On Closes On Application Allotment
27-Jan-26 29-Jan-26 Rs 64.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :2000
  (Rs Cr) Lead Managers to the Issue
Project Cost 15.18
Hem Securities Ltd
Project Financed through Current Offer 17.61
Post Issue Equity Share Capital 10.40
Issue Price Rs 64.00
Projects
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
Promoted By Listing At Registrar to the Issue
  Samit Surendra Singhai
  Akash Surendra Singhai
  Surendra Fatechand Singhai
 BSE - SME
No Data Found.

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