Kusumgar

Kusumgar IPO

Listed

MainboardOpens 8 July 2026Closes 10 July 2026

Kusumgar Limited, incorporated in 1990, is a premier mainboard industrial manufacturer specializing in highly technical woven, coated, and laminated synthetic fabrics, commonly referred to as engineered textiles.…

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Live GMPSubscriptionAllotment
Price band
₹398 - ₹419
Issue size
₹650 Cr
Lot size
35 shares
Type
Mainboard
GMP
₹161 (+38.4%)
Est. listing
₹580
Est. profit / app
₹5,635
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹1
EPS
9.35
P/E ratio
44.8
RoNW
25.82%
ROE
25.82%
Debt / Equity
0.44
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Timeline

IPO Opens

8 Jul

IPO Closes

10 Jul

Allotment

13 Jul

Listing

15 Jul

IPO Timeline & Listing Details

EventDate
IPO Open Date8 July 2026
IPO Close Date10 July 2026
Allotment Date13 July 2026
Listing Date15 July 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,665
Retail (Max)Just less than ₹2,00,000
13₹1,90,645
SHNI (Min)Just above ₹2,00,000
14₹2,05,310
SHNI (Max)Below ₹10,00,000
68₹9,97,220
BHNIAbove ₹10,00,000
69₹10,11,885

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • To carry out the Offer for Sale of 1,55,13,126 equity shares of face value of ₹1 each by the Promoter Selling Shareholders (₹650.00 Cr).
  • Achieve the long-term corporate benefits and brand equity of listing the Equity Shares on the premier stock exchanges.

Strengths

  • The company builds a High-Entry-Barrier Moat, specializing in highly technical defense and aerospace fabrics that require multi-year qualification clearances and strict compliance configurations.
  • It leverages End-Product Value Integration, expanding from raw processing into fully fabricated high-yield solutions like military stealth parachutes, camouflage layouts, and tactical gear sets.
  • The business operates with Excellent Asset Sizing, managing a powerful structural network of six manufacturing complexes across Gujarat alongside an additional specialized fabrication block in Uttar Pradesh.
  • The firm holds onto Sound Core Efficiencies, registering a strong Return on Capital Employed (RoCE) of 24.76% and a solid PAT margin of 13.80%.
  • The issue is backed by a Strong Gray Market Premium Runway, capturing immense parallel unlisted marketplace demand with an active premium trading at ₹165, projecting an estimated 39.38% listing gain.

Weaknesses

  • The company features Zero Fresh Capital Infusion, as the entire public issue sizing (₹650.00 Cr) is structured exclusively as an Offer for Sale (OFS), meaning zero fund lines route into the company treasury or operational expansions.
  • It shows Inconsistent Topline Traction, reflecting clear cyclicality and near-term order placement friction, with consolidated revenues sliding down by 10% from ₹790.21 Cr in FY25 to ₹711.78 Cr in FY26.
  • The firm carries a Substantial Financial Debt Load, managing noticeable debt exposure with total outstanding borrowings standing at ₹223.58 Crores as of late March 2026.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)905.07632.4584.74
Revenue (₹ Cr.)711.78790.21474.55
PAT (₹ Cr.)98.2111.9984.4
Net Worth (₹ Cr.)502.95257.75140.36

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Kusumgar Limited8.4544.825.82%502.95
SRF Limited5.945.1213.07%472
Garware Technical Fibres5.3336.3414.67%125

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.5x2.3x299.51x
NII7.77x38.71x174.28x
S-HNI9.75x37.76x144.04x
B-HNI6.79x39.18x189.4x
RII3.77x10.08x27.97x
EMP1.82x4.12x11.09x
Total3.68x13.91x135.8x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB30,81,63492,29,68,20038,672.37
NII23,13,15340,31,42,77516,891.68
Small NII7,71,05111,10,64,3804,653.6
Big NII15,42,10229,20,78,39512,238.08
RII53,97,35715,09,46,6006,324.66
EMP92,10510,21,58042.8
Total1,08,84,2491,47,80,79,15561,931.52
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Company Details

  • Kusumgar Ltd.
  • 101, Manjushree, V.M. Road, Corner of N.S. Road No. 5, JVPD Scheme, Vile Parle (West), Mumbai, Maharashtra, 400056
  • +91 2261125100
  • cs@kusumgar.com
  • https://www.kusumgar.com/

Registrar Details

Frequently Asked Questions

What does Kusumgar do?
Kusumgar manufactures specialty technical textiles and synthetic fabrics. Its products are used in industries such as defense, aerospace, industrial applications, and lifestyle products.
What are the IPO dates for Kusumgar IPO?
The Kusumgar IPO will open for subscription on July 8, 2026, and close on July 10, 2026.
What is the price band and minimum investment for Kusumgar IPO?
The IPO price band is fixed at ₹398 to ₹419 per share. Retail investors need to apply for a minimum of 1 lot (35 shares), requiring an investment of ₹14,665 at the upper price band.
What is the Grey Market Premium (GMP) of Kusumgar IPO today?
As of July 5, 2026, the Grey Market Premium (GMP) of Kusumgar IPO is around ₹165 per share, indicating an estimated listing price of about ₹584.
Where will Kusumgar IPO be listed?
Kusumgar IPO is proposed to be listed on both BSE and NSE, with the tentative listing date set for July 15, 2026.

Kusumgar IPO News & Updates

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Kusumgar IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Kusumgar IPO Details

Issue size, price, financials, and company info

Kusumgar IPO GMP

Live grey market premium and listing estimate

Kusumgar IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Kusumgar IPO Allotment

Allotment date, chances, and check by PAN

Kusumgar IPO Review

SWOT, strengths, risks, and IPO review

Kusumgar IPO FAQ

Common questions on dates, GMP, and allotment

Kusumgar IPO Registrar

Registrar website and how to check allotment

Kusumgar IPO Timeline

Open, close, allotment, and listing dates

Kusumgar IPO News

Updates, blogs, and latest IPO news

Sources

We match Kusumgar IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Bigshare Services Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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