- Issue price
- ₹419per share
- Issue size
- ₹650 Cr1,55,21,698 shares
- Face value
- ₹1per equity share
- Lot size
- 35 sharesMin. ₹14,665 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 0 shares
- Offer for sale
- 1,55,21,698 shares (₹650 Cr)
- Total issue
- 1,55,21,698 shares (₹650 Cr)
- Face value
- ₹1
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail34.8%
- Anchor29.8%
- QIB ex-anchor19.9%
- NII14.9%
- Employees0.6%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 54,00,358 | 34.79% | 35% |
| Non-institutional investors (NII) | 23,14,439 | 14.91% | 15% |
| Qualified institutional buyers (QIB) | 77,14,796 | 49.70% | 50% |
| QIB, excluding anchor | 30,85,919 | 19.88% | — |
| Anchor investors | 46,28,877 | 29.82% | — |
| Employees | 92,105 | 0.59% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹419 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 35 | ₹14,665 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹39 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹9.68
- EPS (diluted)
- ₹9.31
- P/E (FY 2025-26 diluted at cap price)
- 45.01×
- RoNW
- 25.82%
- NAV per share (As at March 31, 2026)
- ₹47.9
- EBITDA margin
- 27.15%
- PAT margin
- 13.80%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 692.00 | 779.00 | 467.91 |
| Total income | 711.78 | 790.21 | 474.55 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| Profit after tax | 98.20 | 111.99 | 84.40 |
| Net worth | 502.95 | 257.75 | 140.36 |
| Reserves and surplus | 491.05 | 247.60 | 138.37 |
| Total assets | 905.07 | 632.40 | 584.74 |
| Total borrowing | 223.58 | 246.50 | 76.53 |
FY 2025-26 vs FY 2024-25: revenue −11.2%, profit after tax −12.3%.
Source: ProspectusUpdated
About the company
The company manufactures woven, coated and laminated synthetic engineered fabrics and end-user solutions. Its products serve aerospace and defence, industrial and automotive, and outdoor and lifestyle markets. It operates manufacturing facilities in Gujarat and Uttar Pradesh and exports a significant share of its output.
- Incorporated
- 1990
- Industry
- Technical Textiles
- CIN
- U65990MH1990PLC056871
- Website
- kusumgar.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Siddharth Yogesh Kusumgar | — | — | 1,00,29,405 |
| Sapna Siddharth Kusumgar | — | — | 47,75,907 |
| Siddharth Yogesh Kusumgar HUF | — | — | 7,16,386 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Offer for Sale by promoter selling shareholders; company receives no proceeds | 650.00 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Garware Technical Fibres Limited | ₹20.01 | 36.12× | 15.29% | ₹136.44 |
| Arvind Limited | ₹15.8 | 33.76× | 10.91% | ₹154.47 |
| SRF Limited | ₹61.91 | 44.53× | 13.76% | ₹473.74 |
| Kusumgar LimitedIssuer | ₹9.68 | — | 25.82% | ₹49.56 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Operates in markets with high technical entry barriers.
- Manufactures over 1,000 fabric configurations and has vertically integrated operations.
- Serves aerospace, defence, industrial, automotive and outdoor segments.
- Exports a growing share of revenue, about 40% in FY 2025-26.
- Revenue grew at a strong compound rate over FY 2024 to FY 2026.
Risks
- Heavy reliance on three product segments for most revenue.
- Revenue concentration in top customers, with top 10 at about 60% in FY 2025-26.
- Revenue from a large aerospace order fell sharply in FY 2025-26.
- Generally no long-term contracts with customers.
- Company receives no offer proceeds and the issue is entirely an offer for sale by promoters.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹419) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Kusumgar IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 8 July 2026 and closes on Friday, 10 July 2026.
What is the Kusumgar IPO price band?
The final issue price is ₹419 per share.
What is the lot size of the Kusumgar IPO?
One lot is 35 shares, which is ₹14,665 at ₹419 per share.
Where will Kusumgar shares list?
On NSE and BSE. The tentative listing date is Wednesday, 15 July 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Kusumgar IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 13 July 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹650 Cr for offer for Sale by promoter selling shareholders; company receives no proceeds.
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Spotted something wrong?
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