Kusumgar IPO: Check IPO Date, Live Subscription and Key Details
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. Utilizing specialized polyamide and polyester filaments alongside advanced polyurethane chemistry, the company has established a deep design moat containing over 1,000 unique specialized fabric SKUs. Its technical formulations cater to high-entry-barrier segments including aerospace and defense (stealth camouflage, parachute systems, and rapid deployment materials), automotive safety segments, specialized industrial mechanical rubber goods, and high-performance international outdoor lifestyle brands.
Price Range
₹398.0 - ₹419.0
Issue Size
₹650 Cr
Lot Size
35 shares
IPO Type
Mainboard
GMP
₹168(+40.10%)
Est. Listing Price
₹587
Estimate Profit
₹5,880
Retail Portion
35.00%
Key Metrics
Check Live GMPGMPFace Value
₹1
EPS
9.35
P/E Ratio
44.8
RoNW
25.82%
ROE
25.82%
Debt to 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
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 July 2026 | Subscription starts |
| IPO Close Date | 10 July 2026 | Subscription ends |
| Allotment Date | 13 July 2026 | Allotment |
| Listing Date | 15 July 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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
| Category | Reservation |
|---|---|
| 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% |
| Retail | 35.00% |
| Total | 100.00% |
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 Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 905.07 | 632.4 | 584.74 |
| Revenue (₹ Cr.) | 711.78 | 790.21 | 474.55 |
| PAT (₹ Cr.) | 98.2 | 111.99 | 84.4 |
| Net Worth (₹ Cr.) | 502.95 | 257.75 | 140.36 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Kusumgar Limited | 8.45 | 44.8 | 25.82% | 502.95 |
| SRF Limited | 5.9 | 45.12 | 13.07% | 472 |
| Garware Technical Fibres | 5.33 | 36.34 | 14.67% | 125 |
Subscription Details
No daily bids available.
No subscription statistics available.
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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
- Bigshare Services Pvt.Ltd.
- 8657578989 / 8069219065
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
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.
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