Description

BSE announces the listing of 10,395,212 equity shares of Kasturi Metal Composite Limited following its IPO, with various lock-in periods applicable to different tranches.

Summary

BSE has listed 10,395,212 equity shares of KASTURI METAL COMPOSITE LIMITED following its Initial Public Offering (IPO). The shares are distributed across 14 tranches with distinctive number ranges, including retail, anchor investor, and freely tradable portions. All shares are fully paid and held in demat form with varying lock-in periods.

Key Points

  • Total equity shares listed: 10,395,212
  • All shares are fully paid and in demat form
  • 2,362,000 shares allocated to anchor investors (tranches 13-14)
  • Retail and other investor allocations: 8,033,212 shares (tranches 1-12)
  • Lock-in periods range from 1 month to 3 years depending on investor category
  • Listing effective date: February 02, 2026

Share Distribution Details

Regular Allotments (Tranches 1-12)

  • Distinctive numbers: 1 to 8,033,212
  • Total shares: 8,033,212
  • Allotment dates: Between January 21-22, 2026
  • Lock-in expiry dates: Ranging from February 1, 2027 to February 1, 2029

Anchor Investor Allotments (Tranches 13-14)

  • Tranche 13: 390,000 shares (distinctive numbers 8,033,213 to 8,425,212)
    • Allotment date: January 29, 2026
    • Lock-in expiry: February 28, 2026 (1 month)
  • Tranche 14: 1,970,000 shares (distinctive numbers 8,425,213 to 10,395,212)
    • Allotment date: January 29, 2026
    • Lock-in expiry: April 29, 2026 (3 months)

Compliance Requirements

  • All shares are held in dematerialized form
  • Lock-in provisions must be adhered to based on investor category and allotment tranche
  • Promoters and anchor investors subject to specific lock-in restrictions as per SEBI regulations

Important Dates

  • Allotment dates: January 21-22, 2026 (regular investors), January 29, 2026 (anchor investors)
  • Listing date: February 02, 2026
  • Earliest lock-in expiry: February 28, 2026 (anchor tranche 1-month lock-in)
  • Lock-in expiry range: February 1, 2027 to February 1, 2029 (various tranches)

Impact Assessment

This listing enables public trading of Kasturi Metal Composite Limited’s equity shares on BSE. The staggered lock-in periods help prevent immediate sell-off pressure, with anchor investors having shorter lock-ins (1-3 months) while other categories have longer restrictions (1-3 years). The company is now subject to continuous disclosure requirements and market scrutiny as a publicly listed entity. The Managing Director Samit Surendra Singhai (DIN: 00907782) signed off on the listing from Amravati.

Impact Justification

New IPO listing with total 10.39 million shares across multiple tranches with varying lock-in periods. Moderate impact limited to specific company and its investors.