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Kusumgar IPO Details, Date, Allotment, Price, Analysis and Review
Kusumgar IPO is a mainboard IPO aggregating up to 650 crore 35 lakh 91 thousand 4 hundred sixty two rupees. The issue consists entirely of an offer for sale of 1,55,21,698 shares (aggregating up to 650 crore 35 lakh 91 thousand 4 hundred sixty two rupees).
The IPO opened for subscription on 8 July 2026 and closes on 10 July 2026. The basis of allotment was finalised on 13 July 2026. The shares were listed on NSE and BSE on 15 July 2026.
The price band for the IPO is set at ₹398 to ₹419 per share. The minimum amount required for a retail investor is ₹14,665 (35 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,05,310 (490 shares, 14 lots).
The final allotment price for the Kusumgar IPO was fixed at ₹419.00 per share. The shares successfully listed on the BSE at ₹574.00 per share (with a listing gain of 36.99%) and on the NSE at ₹569.00 per share (with a listing gain of 35.80%).
Axis Capital Ltd, IIFL Capital Services Ltd and Motilal Oswal Investment Advisors Ltd is the lead manager and Bigshare Services is the registrar of the IPO.
Refer to Kusumgar RHP for more detailed information.
Kusumgar Share Price Analysis API (Live)
Kusumgar IPO Details Listed
IPO Issue Details
Kusumgar IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). |
1 | 35 | ₹14,665 |
|
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). |
13 | 455 | ₹1,90,645 |
|
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). |
14 | 490 | ₹2,05,310 |
|
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). |
68 | 2380 | ₹9,97,220 |
|
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). |
69 | 2415 | ₹10,11,885 |
IPO Reservation
Kusumgar IPO offers total 1,55,21,698 shares (100.00%) . Out of which 77,14,796 shares (49.70%) allocated to QIB, 30,85,919 shares (19.88%) allocated to QIB (Ex- Anchor), 23,14,439 shares (14.91%) allocated to NII, 54,00,358 shares (34.79%) allocated to RII and 46,28,877 shares (29.82%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
77,14,796 shares (49.70%) |
|
-
QIB (Anchor Investor)
A portion of QIB shares reserved specifically for anchor investors. |
46,28,877 shares (29.82%) |
|
-
QIB (Ex. Anchor)
Remaining QIB shares after anchor investor allocation. |
30,85,919 shares (19.88%) |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
23,14,439 shares (14.91%) |
|
-
bNII (bids > ₹10L)
Big HNI category for applications above ₹10 Lakhs. |
15,42,960 shares (9.94%) |
|
-
sNII (bids < ₹10L)
Small HNI category for applications between ₹2 Lakh and ₹10 Lakh. |
7,71,479 shares (4.97%) |
|
Employee Shares Offered
Shares reserved specifically for eligible employees of the company. |
92,105 shares (0.59%) |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
54,00,358 shares (34.79%) |
| Total Shares Offered | 1,55,21,698 shares (100.00%) |
IPO Anchor Investors
Kusumgar IPO raises ₹193.95 crore from anchor investors. Kusumgar IPO anchor bid date was 7 July 2026.
💼 Anchor Investors Allocation Letter (PDF)| 31 Mar 26 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | |
|---|---|---|---|
| Assets | 905.07 | 632.4 | 584.74 |
| Revenue | 711.78 | 790.21 | 474.55 |
| Profit After Tax | 98.2 | 111.99 | 84.4 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| Net Worth | 502.95 | 257.75 | 140.36 |
| Total Borrowing | 223.58 | 246.5 | 76.53 |
| Reserves & Surplus | 491.05 | 247.6 | 138.37 |
Financial Performance Indicator (FPI)
| FPI | 31 Mar 2026 | |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 25.82% | |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 24.76% | |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.44 | |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 25.82% | |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 13.80% | |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 27.15% | |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 8.45 |
| Pre IPO | Post IPO | |
|---|---|---|
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 90.48% | |
Market Cap Total market value of a company's outstanding shares. | ₹4,399.14 crore | |
Kusumgar IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Srf | 43.77(Srf) | 61.91(Srf) | 61.91(Srf) | 473.74(Srf) | 13.76(Srf) | 5.73(Srf) |
| Arvind | 32.72(Arvind) | 15.80(Arvind) | 15.79(Arvind) | 154.47(Arvind) | 10.91(Arvind) | 3.35(Arvind) |
| Garware Technical Fibres | 39.80(Garware) | 20.01(Garware) | 20.01(Garware) | 136.44(Garware) | 15.29(Garware) | 5.85(Garware) |
| Kusumgar | (Kusumgar) | 9.68(Kusumgar) | 9.31(Kusumgar) | 49.56(Kusumgar) | 25.82(Kusumgar) | (Kusumgar) |
Kusumgar IPO Objects of the Issue
The Company proposes to utilise the net proceeds from the Issue towards the following objects:S.No | Objects | Amount (in ₹, Cr) |
1 | Carry out the Offer for Sale of [●] Equity Shares of face value of ₹1 each, aggregating up to ₹650 crore by the Promoter Selling Shareholders | |
2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges | |
Total: | [.] |
About Kusumgar
Incorporated in 1990, Kusumgar Limited is a specialised manufacturer of woven, coated, and laminated synthetic fabrics, collectively known as engineered fabrics. With a strong focus on polyamide and polyester filaments, as well as polyurethane chemistry, the company caters to high performance requirements where critical parameters include tensile strength, abrasion resistance, and waterproofing.
Business Evolution and Key Milestones
Kusumgar has built a niche in synthetic functional fabrics and has developed over 1,000 unique fabric configurations (SKUs) over the decades, Key milestones in their evolution include:
1995: Received the National Award for Indigenisation from the Ministry of Defence for excellence in developing textile, chemical, and rubber technology for defence equipment.
2010: Established advanced manufacturing capabilities at its Vapi facility for technical textiles, parachute fabrics, and geo-synthetic performance fabrics.
2017: Set up a new weaving facility at Kosamba and entered into a licensing agreement with a defence research organisation for the technology transfer of recovery parachute systems.
2021 – 2022: Supplied recovery system parachutes (with deployment bags) to the Indian government. During this time, Kusumgar also successfully absorbed technology for extreme cold weather clothing systems and combat free fall parachute systems through licensing agreements.
2025: Entered into further technology transfer agreements for military combat parachute systems and synthetic multispectral camouflage nets.
Current Business and Offerings
Kusumgar operates a vertically integrated manufacturing setup with six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh. Their integrated capabilities span across preparatory weaving, dyeing, printing, finishing, coating, and lamination.
The business is primarily divided into four highly specialised market segments:
Aerospace and Defence Fabrics: Providing bespoke technical fabrics optimised for strength to weight ratio and durability. This includes fabrics for military and sports parachutes, paragliders, tactical clothing, and stealth/rapid deployment systems.
Aerospace and Defence Solutions: Expanding beyond fabrics, Kusumgar manufactures finished end user solutions such as aerial delivery systems (e.g., drone and aircraft recovery parachutes), stealth camouflage nets, and rapid deployment decoys and shelters.
Industrial and Automotive Fabrics: Manufacturing reinforcement fabrics used in mechanical rubber goods (like hoses and drive belts), automotive wire harness tapes, and heavy duty inflatables.
Outdoor and Lifestyle Fabrics: Catering to the global market for synthetic performance wear (like athleisure, rainwear, and extreme cold weather gear) and personal “hardline” gear (such as backpacks, luggage, and sleeping bags).
Kusumgar IPO Lead Manager(s)
- Axis Capital Ltd
- IIFL Capital Services Ltd
- Motilal Oswal Investment Advisors Ltd
Kusumgar IPO Frequently Asked Questions (FAQ)
Kusumgar IPO is a mainboard IPO. The company will raise upto 650 crore 35 lakh 91 thousand 4 hundred sixty two rupees for 1,55,21,698 shares. Face value is ₹1 per share, Price band is ₹398 to ₹419 per share, and cutt off price is ₹419.00 per share. The IPO opens on 8 July 2026 and closes on 10 July 2026. is the registrar and shares of Kusumgar IPO will be listed at NSE, BSE.
The issue size of IPO is . For fresh issue: and for offer for sale: 1,55,21,698 shares (aggregating up to 650 crore 35 lakh 91 thousand 4 hundred sixty two rupees).
Price band for IPO is . Applying IPO application at cutt off price ₹419.00 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Kusumgar IPO is of 35. Minimum order quantity for retail investor is 35 shares (1 lots) and required amount is ₹14,665. Minimum order quantity for sHNI is 490 shares (14 lots) and required amount is ₹2,05,310. Minimum order quantity for bHNI investor is 2415 shares (69 lots) and required amount is ₹10,11,885.
The investors portion reserved for QIB is 77,14,796 shares (49.70%), reserved for HNI is 23,14,439 shares (14.91%) and reserved for retail investors.
The IPO will be available for subscription from 8 July 2026 to 10 July 2026. IPO open date is 8 July 2026 and close date is 10 July 2026.
Allotment date for IPO is 13 July 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Bigshare Services Pvt Ltd.
The IPO will be listed on 15 July 2026 at NSE, BSE.