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Kusumgar IPO Review

Kusumgar IPO has been reviewed by 6 analysts, and the overall consensus is Strong Apply — carrying a score of 90. Out of the 6 analysts who have covered this IPO, 4 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹398-419 per share, with a minimum application size of 35 shares (minimum investment of approximately ₹14,665 at the upper band). Subscription ran from 08 Jul 2026 to 10 Jul 2026. The issue size is ₹650 crore, entirely an offer for sale — the company receives none of the proceeds. As of now, the grey market premium (GMP) for Kusumgar IPO is quoting at ₹161 (38.4%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
90/ 100
Strong Apply 4 of 6 recommend subscribing
How analysts voted
Apply 4
May apply 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Kusumgar makes technical textiles, with aerospace and defence fabrics, industrial and automotive fabrics, and aerospace and defence solutions together giving about 79 percent of FY26 revenue. FY26 income was ₹711.78 crore with profit of ₹98.20 crore. Four of the five analysts covering it said subscribe and one advised caution.

Listing gains

The notes value the issue at about 45 times FY26 earnings and EV/EBITDA near 24.7 times, on a market cap around ₹4,399 crore, against peers trading roughly 35 to 43 times. Analysts consider that premium justified by the entry barriers in the business, pointing to a moderate rather than outsized listing.

Short-term strategy

Near-term numbers went backwards. Revenue fell from ₹790.21 crore in FY25 to ₹711.78 crore in FY26 and profit from ₹111.99 crore to ₹98.20 crore. One note also flags negative operating cash flow in FY25. The issue is entirely an offer for sale, so no fresh money reaches the company.

Long-term strategy

Analysts recommend a medium to long-term horizon, resting on markets with high entry barriers, particularly aerospace and defence fabrics where qualification is hard to win. The risk they flag is the flip side: revenue is concentrated in a few segments, so a slowdown in any one of them would be felt directly.

How this is written: an AI-assisted summary of the 6 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Kusumgar IPO?

The analyst consensus for Kusumgar IPO tracked on this page is Strong Apply, with a score of 90/100. Out of 6 analysts who have reviewed this IPO, 4 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 90 mean for Kusumgar IPO?

The score of 90 is an aggregate of all analyst ratings tracked for Kusumgar IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Kusumgar IPO?

Kusumgar IPO listed on July 15, 2026 at ₹574, against the issue price of ₹419 — a gain of +36.99% (₹155 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Kusumgar IPO?

Kusumgar IPO was priced at ₹398-419 per share. The minimum lot size is 35 shares, making the minimum investment approximately ₹14,665 at the upper end of the price band. Subscription ran from 08 Jul 2026 to 10 Jul 2026.

Explore Kusumgar IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Kusumgar IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
90 / 100
Listed at
₹574
Full IPO details