Kasturi Metal IPO applicants can check allotment status online this way

Kasturi Metal Composite IPO allotment status is expected to be finalized today, Friday, January 30, 2026. The IPO closed on January 29 and saw strong investor demand, getting oversubscribed by over 16 times.

The basis of allotment for the Kasturi Metal Composite IPO is likely to be finalised today, Friday, January 30, 2026, after the issue closed on January 29 with strong investor interest and an overall subscription of over 16 times. The ₹17.61-crore IPO was entirely a fresh issue of 28 lakh equity shares, priced in the range of ₹61–64 per share with a lot size of 2,000 shares. As per subscription data, NIIs subscribed their portion 29.06 times, retail investors 16.49 times, while QIBs oversubscribed their quota four times. The company plans to utilise the issue proceeds for capital expenditure related to mechanical and electrical works, interiors, and plant and machinery for a new manufacturing unit in Amravati, Maharashtra, along with general corporate purposes. In the grey market, Kasturi Metal Composite shares are trading around the issue price, indicating a nil GMP. The shares are scheduled to list on the BSE SME platform on February 3, 2026.