Kusumgar
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Kusumgar IPO Market Lot
- 06 Kusumgar IPO Details
- 07 Kusumgar IPO Reservation
- 08 Kusumgar IPO Anchor Investors
- 09 Kusumgar IPO Dates
- 10 Kusumgar IPO Promoters and Holding Pattern
- 11 Kusumgar IPO Objects of the Issue &Utilisation of Proceeds
- 12 Kusumgar - About IPO
- 13 Kusumgar IPO Company Financial Report
- 14 Kusumgar IPO Valuation – FY2026
- 15 Kusumgar IPO Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 06 Jul 2026 | ₹171.00 | - | 40.81% |
Kusumgar IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹14,665 |
| Retail Maximum | 13 | 455 | ₹190,645 |
| S-HNI Minimum | 14 | 490 | ₹205,310 |
| S-HNI Maximum | 68 | 2,380 | ₹997,220 |
| B-HNI Minimum | 69 | 2,415 | ₹1,011,885 |
Kusumgar IPO DETAILS
Kusumgar Limited is launching its Initial Public Offering (IPO) through the book-built route to enhance its market presence and provide liquidity to existing shareholders. The company is engaged in the textile and technical fabric business and has established a strong reputation for manufacturing high-quality industrial fabrics and specialized textile products.
The IPO consists entirely of an Offer for Sale (OFS), which means the proceeds from the issue will be received by the selling shareholders and not by the company. Following the successful completion of the issue, the equity shares of Kusumgar Limited are proposed to be listed on both the BSE and NSE.
| Particular | Details |
|---|---|
| Kusumgar IPO Open Date | July 8, 2026 |
| Kusumgar IPO Close Date | July 10, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹398 to ₹419 Per Share |
| Issue Size | Approx ₹650 Crores |
| Offer for Sale (OFS) | Approx 1,55,13,126 Equity Shares |
| Issue Type | Book-built Issue |
| IPO Listing | BSE, NSE |
Kusumgar IPO RESERVATION
Kusumgar Limited has allocated shares among different investor categories in accordance with SEBI regulations governing book-built IPOs. The reservation structure is designed to ensure balanced participation from institutional investors, non-institutional investors, and retail investors.
As per the issue structure, a major portion of the issue is reserved for Qualified Institutional Buyers (QIBs), while separate quotas have been earmarked for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs). No separate allocation has been disclosed for Anchor Investors at this stage.
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Kusumgar IPO Anchor INVESTORS
Kusumgar Limited has reserved a portion of its IPO for Anchor Investors under the book-built issue process. Anchor investors typically include qualified institutional investors such as mutual funds, insurance companies, banks, and foreign portfolio investors who participate before the IPO opens for public subscription.
Anchor participation is often considered an important indicator of institutional confidence in the public issue. The shares allotted to anchor investors are subject to mandatory lock-in requirements as prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 7, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Kusumgar IPO DATES
The Kusumgar IPO will open for subscription on July 8, 2026 and close on July 10, 2026. During this subscription period, eligible investors can submit their bids through the ASBA facility or UPI-supported applications offered by registered brokers and banks.
After the subscription window closes, the basis of allotment is expected to be finalized on July 13, 2026. Successful applicants will receive the allotted shares in their demat accounts on July 14, 2026, while the equity shares of Kusumgar Limited are proposed to be listed on the BSE and NSE on July 15, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 8, 2026 |
| IPO Close Date | July 10, 2026 |
| Basis of Allotment | July 13, 2026 |
| Refunds Initiation | July 14, 2026 |
| Credit to Demat Account | July 14, 2026 |
| IPO Listing Date | July 15, 2026 |
Kusumgar IPO Promoters and Holding PATTERN
The promoters of Kusumgar Limited are Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. The promoter group has played a key role in the company's growth and development, contributing significantly to its long-standing presence in the textile and technical fabrics industry.
Since the IPO is entirely an Offer for Sale (OFS), the promoter shareholding will not increase after the issue. The final post-issue shareholding percentage will be determined after completion of the offer and allotment process as per the company's offer documents.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 10,49,91,372 | 90.48% |
| Promoter Holding Post Issue | 10,49,91,372 | -% |
Kusumgar IPO Objects of the Issue &Utilisation of PROCEEDS
The Kusumgar IPO is structured entirely as an Offer for Sale (OFS). Since there is no fresh issue of equity shares, the company will not receive any proceeds from the public issue. Instead, the funds raised through the IPO will be received by the promoter selling shareholders after deducting applicable issue-related expenses.
Apart from facilitating the Offer for Sale, the IPO is also intended to achieve the benefits of listing the company's equity shares on the BSE and NSE. Listing is expected to enhance the company's visibility, improve liquidity for existing shareholders, and provide a publicly traded market for its equity shares.
| Purpose | Amount (Crores) |
|---|---|
| Carry out the Offer for Sale of [●] Equity Shares of face value of ₹1 each, aggregating up to ₹6,500 million by the Promoter Selling Shareholders | ₹- |
| Achieve the benefits of listing the Equity Shares on the Stock Exchanges | ₹- |
Kusumgar - About IPO
Kusumgar Limited, founded in 1990, is one of the leading manufacturers of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. Its fabrics are made using polyamide and polyester filaments using polyurethane technology.
The firm has developed over 100 types of fabrics as of March 2025, building a strong reputation in the synthetic fabric space. Its products serve a wide range of industries, such as aerospace, defence, industrial, automotive, outdoor, and lifestyle. Moreover, the firm also recently expanded into the military and aerospace sectors with parachute systems, stealth materials, and rapid deployment systems. Kusumgar’s main aim is to design fabrics that stay intact in critical conditions like high strength, tear resistance, durability, comfort, air flow, and waterproof protection, among others.
Kusumgar IPO Company Financial REPORT
Kusumgar Limited has reported a strong financial track record over the past three financial years, supported by its diversified portfolio of technical textiles, coated fabrics, and industrial textile products. The company's financial performance reflects stable operations, healthy profitability, and a robust asset base.
While revenue moderated slightly in FY2026 compared to FY2025, the company continued to maintain strong profitability with a healthy Profit After Tax (PAT). The increase in total assets during FY2026 also highlights continued investment in business operations and long-term growth.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹474.55 | ₹359.48 | ₹84.40 | ₹584.74 |
| 2025 | ₹790.21 | ₹639.43 | ₹111.99 | ₹632.40 |
| 2026 | ₹711.78 | ₹576.82 | ₹98.20 | ₹905.07 |
Kusumgar IPO Valuation – FY2026
Investors generally assess an IPO by reviewing key financial metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Profit After Tax (PAT) Margin, Earnings Per Share (EPS), Net Asset Value (NAV), and the Debt-to-Equity Ratio. These indicators help evaluate the company's profitability, operational efficiency, financial stability, and overall valuation before investing in the IPO.
Kusumgar Limited has reported healthy profitability and strong returns during FY2026. The valuation metrics below provide a snapshot of the company's financial performance and can help investors compare the IPO with other listed companies in the textile and technical fabrics industry.
| KPI | Values |
|---|---|
| ROE | 25.82% |
| ROCE | 24.76% |
| EBITDA Margin | 27.15% |
| PAT Margin | 13.80% |
| Debt to Equity Ratio | 0.93 |
| Earning Per Share (EPS) | ₹9.68 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 25.82% |
| Net Asset Value (NAV) | ₹49.56 |
Kusumgar IPO Peer Group COMPARISON
Comparing Kusumgar Limited with established listed companies helps investors understand how the company measures up in terms of profitability, valuation, shareholder returns, net worth, and scale of operations. Key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and income provide valuable insights into the company's competitive position within the textile and technical fabrics industry.
The following peer comparison table highlights the financial performance of companies operating in similar business segments. Investors can use these benchmarks while evaluating the valuation and growth potential of the Kusumgar IPO.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Garware Technical Fibres Limited | 20.01 | 39.80 | 15.29% | 136.44 | 1,528.79 Cr. |
| Arvind Limited | 15.80 | 32.72 | 10.91% | 154.47 | 9,303.19 Cr. |
| SRF Limited | 61.91 | 43.77 | 13.76% | 473.74 | 15,786.51 Cr. |
IPO Lead Managers aka Merchant BANKERS
- Axis Capital Ltd.
- IIFL Capital Services Ltd.
- Motilal Oswal Investment Advisors Ltd.