Metals / Metal Trading - Listed on 03 February 2026
Kasturi Metal (Metals / Metal Trading) closed its IPO window in 2026 and listed on NSE and BSE on 03 February 2026 at an upper band issue price of Rs 64, opening at Rs 64 for a listing gain of 0.0% and closing day one at Rs 63.16 (-1.3% on closing basis). The IPO was subscribed 17.82x overall - QIB 4.00x, HNI/NII 39.23x, Retail 16.49x. The total issue size was Rs 17.61 Cr (Fresh Issue Rs 17.61 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Metals / Metal Trading
Kasturi Metal operates in the Metals / Metal Trading space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Kasturi Metal issue was offered at an upper price of Rs 64 and raised approximately Rs 17.61 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
How the broader market moved around the Kasturi Metal IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Kasturi Metal IPO listed at 0.0% versus the upper issue price of Rs 64 on 03 February 2026.
Kasturi Metal IPO was subscribed 17.82x overall. QIB portion was subscribed 4.00x, HNI / NII 39.23x and Retail 16.49x.
Day-by-day IPO GMP data for Kasturi Metal is listed in the table above.