Description

BSE notifies the listing of 10,395,212 equity shares of Kasturi Metal Composite Limited following its IPO, with various lock-in periods ranging from one to three years depending on investor category.

Summary

BSE has listed 10,395,212 equity shares of Kasturi Metal Composite Limited following its Initial Public Offering (IPO). The listing includes shares allocated to various investor categories with different lock-in periods. All shares are in fully paid demat form, with 1,970,000 shares allocated to anchor investors and 8,425,212 shares to other categories.

Key Points

  • Total equity shares listed: 10,395,212
  • All shares are fully paid and in demat form
  • Anchor investor allocation: 1,970,000 shares (distinct numbers 8,033,213 to 10,395,212)
  • Non-anchor allocation: 8,425,212 shares across 12 tranches
  • Lock-in periods vary from 1 month to 3 years depending on investor category
  • Free shares allotted: 715,514 shares (no lock-in)
  • Listing date: February 02, 2026
  • Authorized by Managing Director Samit Surendra Singhai (DIN: 00907782)

Regulatory Changes

No regulatory changes. This is a standard listing notification following successful IPO completion.

Compliance Requirements

  • Lock-in compliance required for all shareholders based on their respective categories
  • Anchor investors subject to 30-day and 90-day lock-in periods (ending February 28, 2026 and April 29, 2026)
  • Other investor categories subject to lock-in periods ending between February 1, 2027 and February 1, 2029
  • All shares must remain in demat form as per listing requirements

Important Dates

  • Listing Date: February 02, 2026
  • Anchor Lock-in Expiry (392,000 shares): February 28, 2026 (30 days)
  • Anchor Lock-in Expiry (1,970,000 shares): April 29, 2026 (90 days)
  • One-year Lock-in Expiry: February 1, 2027 (multiple tranches)
  • Two-year Lock-in Expiry: February 1, 2028 (multiple tranches)
  • Three-year Lock-in Expiry: February 1, 2029 (two tranches totaling 2,082,917 shares)

Impact Assessment

Market Impact: Low. This is a routine IPO listing for a single company with no broader market implications.

Operational Impact: The phased lock-in expiry schedule will gradually increase the tradeable float over three years. The immediate tradeable float includes 715,514 free shares plus anchor investor shares after their respective lock-in periods expire. Significant liquidity events will occur on February 1, 2027, 2028, and 2029 when large tranches of locked-in shares become tradeable.

Investor Impact: Lock-in restrictions apply to 93.1% of shares. Investors in different categories must comply with their respective lock-in periods before trading their holdings.

Impact Justification

Routine IPO listing notification for a new company with standard lock-in arrangements. Limited market-wide impact as this is specific to one newly listed entity.