Kusumgar IPO 2026: Price Band, GMP, Subscription, Dates, Allotment & Review

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Kusumgar IPO 2026
KL
Kusumgar Limited IPO
Technical Textiles · Engineered Fabrics · Aerospace & Defence · Industrial & Apparel
📋 Mainline IPO OFS Only NSE, BSE
₹419
Upper Price
₹650.00 Cr
Issue Size
Jul 15, 2026
Listing Date
₹4,399.14 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 8 July 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 10 July 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 13 July 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 14 July 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 15 July 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date8 July 2026 (Wed)
IPO Close Date10 July 2026 (Fri)
Listing Date15 July 2026 (Wed)
Face Value₹1 per share
Price Band₹398 to ₹419
Issue Price (Upper Band)₹419 per share
Issue TypeBook Build — OFS Only
Lot Size35 shares
Total Issue Size1,55,13,126 shares (₹650 Cr)
Fresh Issue0 shares (₹0 Cr)
Offer for Sale (OFS)1,55,13,126 shares (₹650 Cr)
Pre-Issue Shares10,49,91,372
Post-Issue Shares10,49,91,372
Promoter Holding (Pre)90.48%
Market Cap (Pre-IPO)₹4,399.14 Cr
Listing ExchangeNSE, BSE
Lead ManagerAxis Capital Limited
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹419
Investor TypeLotsSharesAmount
Retail — Minimum135₹14,665
Retail — Maximum13455₹1,90,645
S-HNI (sNII) — Min14490₹2,05,310
S-HNI (sNII) — Max682,380₹9,97,220
B-HNI (bNII) — Min692,415₹10,11,885
⚠️ Note: Investors can bid for a minimum of 35 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000. Employee discount of ₹39.00 per share is applicable.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets905.07632.40584.74
Total Income711.78790.21474.55
PAT98.20111.9984.40
EBITDA187.85188.39131.85
Net Worth502.95257.75140.36
Total Borrowing223.58246.5076.53
Income Growth
FY 2023–24₹474.55 Cr
FY 2024–25₹790.21 Cr
FY 2025–26₹711.78 Cr
🎯 Key Performance Indicators
25.82%
ROE
FY 2025–26
0.44
Debt/Equity
FY 2025–26
24.76%
ROCE
FY 2025–26
13.80%
PAT Margin
FY 2025–26
27.15%
EBITDA Margin
FY 2025–26
25.82%
RoNW
FY 2025–26
8.45x
Price/Book
FY 2025–26
1,000+
Fabric SKUs
Product Range
— Valuation & EPS
Pre-IPO EPS
₹9.35
FY26 earnings + pre-issue shares
P/E: 44.84x
Post-IPO EPS
₹9.35
No dilution effect (OFS issue logic)
P/E: 44.84x
Price to Book Value
8.45x
At upper price band ₹419
Market Cap (Pre-IPO)
₹4,399.14 Cr
At issue price ₹419
ℹ️ EPS calculations are grounded in restated financial statistics for the period ending March 31, 2026. Because this operation is 100% an Offer for Sale, total post-issue outstanding equity shares stay aligned with the pre-issue structure at 10,49,91,372 shares.
🎯 Objects of the Issue
Net proceeds utilisation
1
Carry out the Offer for Sale of 1,55,13,126 Equity Shares by the Promoter Selling Shareholders
₹650.00 Cr
2
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Balance
Total Net Proceeds Goal ₹650.00 Cr
🏢 About Kusumgar Limited
Est. 1990 · Mumbai, Maharashtra · Technical Textiles

Kusumgar Limited is a leading manufacturer of specialized woven, coated, and laminated synthetic fabrics, globally recognized as engineered functional textiles. Built primarily on polyamide and polyester filaments utilizing advanced polyurethane chemistry, the firm caters to critical applications stretching across defense, aerospace, automotive, and outdoor retail ecosystems.

The business infrastructure features an expansive library exceeding 1,000 custom fabric SKUs as of March 2026, managed by a professional group of 2,077 employees. Beyond roll fabrics, Kusumgar has systematically expanded downstream into fully integrated military/aerospace finished solutions, producing high-performance parachute assemblies, advanced camouflage stealth systems, and rapid-deployment tactical shelters.

Brand Ecosystem
🛡️
Aerospace & Defence
High-performance parachute textiles, tactical apparel, and stealth systems
🏛️
Defence Solutions
Finished escape equipment, camouflage nets, and deployable shelters
🚗
Industrial & Automotive
Substrates for industrial tapes, mechanical rubber items, and inflatables
🎒
Outdoor & Lifestyle
Performance fabrics for activewear, rainwear, packs, tents, and sleeping bags
Competitive Strengths
🛪Operates in a highly complex segment featuring steep regulatory and technical entry barriers
⚙️Advanced in-house technical methodologies capable of engineering over 1,000 unique SKUs
🌍Well-balanced product penetration crossing multi-industry application domains
🤝Long-standing B2B and institutional collaborations with strategic defense and global consumers
Company Promoters
YK
Yogesh Kantilal Kusumgar
Promoter, Kusumgar Limited
SK
Siddharth Yogesh Kusumgar
Promoter, Kusumgar Limited
📅 Key Dates
IPO Opens08 Jul 2026
IPO Closes10 Jul 2026
Allotment13 Jul 2026
Refund & Share Credit14 Jul 2026
Listing Day15 Jul 2026
💡 Quick Summary
Price Band₹398 – ₹419
Upper Price₹419 / share
Lot Size35 shares
Min. Investment (Retail)₹14,665
Issue Size₹650.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 022-62638200
[email protected]
Lead Manager
Axis Capital Limited
📍 Registered Address
Kusumgar Limited
101, Manjushree, V.M. Road,
Corner of N.S. Road No. 5, JVPD Scheme,
Vile Parle (West), Mumbai, MH — 400056
📞 +91 22 6112 5100
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Kusumgar IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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