Kasturi Metal Composite IPO Lists Flat Amidst Bullish Market Rally

• Kasturi Metal Composite's shares listed flat at ₹64 on BSE SME, despite a strong market rally driven by a US-India trade deal.
• The IPO, which was oversubscribed 17 times, offered no listing gains to investors on its debut.
• Shares initially fell to ₹60.80, recovered to ₹64.50, but closed at ₹64 due to profit-booking, leaving investors at break-even.
• The company plans to use ₹13.29 crore from the ₹18 crore IPO to establish a new manufacturing facility in Amravati.
• Kasturi Metal Composite, established in 2005, manufactures steel fiber products and reported a net profit of ₹2.47 crore in H1 FY2026.

Why It Matters: Kasturi Metal Composite IPO listed flat at ₹64, disappointing investors despite a strong market and high oversubscription.