Kusumgar IPO
Kusumgar IPO — date, price band, lot size & details 2026
Kusumgar listed on 15 Jul 2026 at ₹574, 37% above the ₹419 issue price.
Kusumgar IPO is scheduled to open for subscription from 8 July 2026 to 10 July 2026. Founded in 1990, Kusumgar Limited is a Mumbai-based manufacturer of engineered synthetic fabrics and high-performance textile solutions. The company operates a business model focused on designing and manufacturing woven, coated and laminated fabrics used across industries such as defence, aerospace, automotive, outdoor gear and industrial applications. With over 1,000 product variants, Kusumgar has established a strong presence in India’s functional and performance fabrics market.
Stock price
Kusumgar is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 1 October.
- Open 08 Jul 2026
- Close 10 Jul 2026
- Allotment 13 Jul 2026
- Refund/credit 14 Jul 2026
- Listing 15 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Jul, 2026 |
|---|---|
| Price Band | ₹398 – ₹419 |
| Face Value | ₹1 |
| Lot Size | 35 Shares |
| Issue Size | ₹650 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 39.00 per share |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,665 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹419 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹14,665 |
| Retail (max) | 13 | 455 | ₹1,90,645 |
| S-HNI (min) | 14 | 490 | ₹2,05,310 |
| S-HNI (max) | 68 | 2,380 | ₹9,97,220 |
| B-HNI (min) | 69 | 2,415 | ₹10,11,885 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Over 30 years of experience in the technical textiles industry supports strong market credibility.
- 02A diversified product portfolio helps reduce dependence on any single product category.
- 03Presence across defence, aerospace, automotive and industrial sectors provides multiple growth opportunities.
- 04Integrated manufacturing capabilities enable customised and high-value product offerings.
- 05Long-standing customer relationships contribute to stable and recurring business.
Risks · 5
- 01Volatility in raw material prices can impact the company's profit margins.
- 02Dependence on key customers may affect revenue if major orders decline.
- 03Intense competition from domestic and global players may pressure market share and pricing.
- 04Slowdown in end-user industries could adversely affect demand for the company's products.
- 05Changes in regulatory and environmental compliance requirements may increase operating costs.
Three years of numbers
All figures in ₹ crore, as reported in the Kusumgar offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 905.07 | 632.40 | 584.74 |
| Total Income | 711.78 | 790.21 | 474.55 |
| Profit After Tax | 98.20 | 111.99 | 84.40 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| NET Worth | 502.95 | 257.75 | 140.36 |
| Reserves and Surplus | 491.05 | 247.60 | 138.37 |
| Total Borrowing | 223.58 | 246.50 | 76.53 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Kusumgar RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Kusumgar IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.35 | ₹9.35 |
| P/E Ratio (x) | 44.80 | 44.80 |
| Market Cap at Offer Price (₹ Cr) | ₹4,399.00 | ₹6,328.88 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹419 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
About the company
The company manufactures a wide range of woven, coated, laminated and specialty fabrics used across defence, aerospace, automotive, healthcare, outdoor equipment and industrial sectors. Its business model is centred on developing high-performance textile solutions tailored to customer requirements, supported by in-house manufacturing and research capabilities. By serving both domestic and international markets and maintaining long-term relationships with institutional and industrial clients, Kusumgar generates revenue through the supply of value-added technical textile products.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+ 91 2261125100
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
28 issues handledBest listing: LG Electronics India (+50.0%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).
Motilal Oswal Investment Advisors
21 issues handledBest listing: Lumino Industries (+34.1%). Weakest: Turtlemint Fintech Solutions (-10.4%).
IIFL Capital Services Limited
29 issues handledBest listing: Corona Remedies (+38.4%). Weakest: Purple Style Labs (-7.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Kusumgar?
The current Grey Market Premium is ₹161, or 38.4% over the issue price.
What is the Kusumgar IPO price band?
₹398 to ₹419, on a face value of ₹1.
When is the allotment?
The basis of allotment is 13 July 2026, with listing on 15 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
