Mumbai, Feb. 3 -- The scrip listed at Rs 64, matching the issue price. The stock touched a high of Rs 64.50 and a low of Rs 60.80, with around 10.08 lakh shares changing hands on the counter.

Kasturi Metal Composite's IPO was subscribed 16.57 times. The issue opened for bidding on 27 January 2026 and it closed on 29 January 2026. The price band of the IPO was set at Rs 61 to Rs 64 per share.

The IPO comprised fresh issue of 27,52,000 equity shares. The promoter and promoter group shareholding diluted to 67.90% from 92.35% pre-issue.

The company intends to utilise the net proceeds for funding the capital expenditure towards construction of building, mechanical and electrical works, interior work and procurement of plant and machinery fo...