Kasturi Metal Composite IPO: Grey Market Premium Indicates Muted Listing Expectations
ByAinvest
Monday, Feb 2, 2026 9:42 pm ET1min read
Kasturi Metal Composite's shares are set to list with a grey market premium of 0%, indicating muted listing expectations despite a strong subscription of 17.75 times. The IPO, valued at Rs 66.5 crore, received robust demand from non-institutional investors but the lack of a premium in the grey market mirrors the broader risk-off sentiment seen in SME listings recently. The company plans to use the raised funds for capital expenditure, primarily for setting up a new manufacturing facility.
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