Kusumgar was incorporated on June 15, 1990. The company manufactures engineered synthetic fabrics, specialising in polyamides, polyester, and polyurethane for high-performance applications. With expertise in tensile strength, abrasion resistance, and waterproofing, it offers over 1,000 unique fabric SKUs catering to aerospace, defence, industrial, automotive, and lifestyle markets
| Bidding Dates |
|---|
| 08 Jul 2026 - 10 Jul 2026 |
| Subscription |
|---|
| 128.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,930 | 1 | 13 | 35 | 15.5 M | ₹398 - ₹419 | 75.7 % | ₹6174.2 M - ₹6500.0 M | RHP DOC |
Kusumgar IPO SUBSCRIPTION STATUS
10 Jul '26Kusumgar IPO overall subscription rate was 128.85 times the total available shares
Kusumgar IPO retail subscription rate was 26.47 times in the retail segment
Kusumgar IPO non-institutional investor subscription rate was 165.46 times in the non-institutional investor category
Kusumgar IPO Qualified Institutional Bidder subscription rate was 284.1 times the available shares for Qualified Institutional Bidder
Kusumgar IPO Employees subscription rate was 10.48 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
10 Jul 2026 (Day 3) | 26.47x | 165.46x | 284.1x | 10.48x |
09 Jul 2026 (Day 2) | 9.47x | 36.64x | 2.18x | 3.86x |
08 Jul 2026 (Day 1) | 3.52x | 7.35x | 0.47x | 1.69x |
Kusumgar FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 692.0 | 98.2 | 28.3 | -41.2 | 27.2% |
| FY25 | 779.0 | 112.0 | -155.0 | -261.0 | 24.2% |
| FY24 | 467.9 | 84.4 | 201.0 | 123.4 | 28.2% |
Kusumgar IPO SUBSCRIPTION STATUS DETAILS
Kusumgar had 15.5 M shares on offer
Kusumgar IPO offer price was in the range ₹398 - ₹419
Kusumgar IPO minimum Investment was ₹13930
Kusumgar IPO issue size was ₹ 6174.2 M - ₹ 6500.0 M
Kusumgar had a minimum lot size of 35 Shares per application
Kusumgar NUMBER OF SHARES ON OFFER
Kusumgar IPO IMPORTANT DATES
| Issue Open Date | 08 Jul 2026 |
| Issue close Date | 10 Jul 2026 |
| Allotment Date | 13 Jul 2026 |
| Refund Date | 14 Jul 2026 |
| Demat Account Credit Date | 14 Jul 2026 |
| Listing Date | 15 Jul 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Kusumgar Allotment Status | Exchange/ Registrar |
Kusumgar IPO subscription opened on 08 Jul 2026, and closed on 10 Jul 2026
IPO allotment for Kusumgar was finalized on Monday, 13 Jul 2026
IPO listing for Kusumgar was on NSE and BSE on Wednesday, 15 Jul 2026
Kusumgar IPO LISTING GAINS
| Issue Price (adjusted) | 419.0 |
| Listing Open Price | 569.0 |
| Listing Close Price | 602.8 |
| Listing Gain% | 35.8% |
| Current Gain% | 52.9% |
Kusumgar Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kusumgar Ltd. | 640.6 | 6725.2 | 68.5 | -5.6 | 9.4 | 19.6 | 10.8 | 711.8 | -9.9 | 98.2 | -12.3 | 9.4 | -12.3 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Kusumgar INFORMATION ON IPO ISSUE
About Kusumgar
Kusumgar was incorporated on June 15, 1990. The company manufactures engineered synthetic fabrics, specialising in polyamides, polyester, and polyurethane for high-performance applications. With expertise in tensile strength, abrasion resistance, and waterproofing, it offers over 1,000 unique fabric SKUs catering to aerospace, defence, industrial, automotive, and lifestyle markets
Object of the Issue
- To carry out the offer for sale of equity shares of face value of Rs 1 each aggregating up to Rs 6,500 million by the promoter selling shareholders
- To achieve the benefits of listing the equity shares on the stock exchanges
Kusumgar - PROMOTERS
| Name |
|---|
| Yogesh Kantilal Kusumgar |
| Siddharth Yogesh Kusumgar |
| Sapna Siddharth Kusumgar |
| Siddharth Yogesh Kusumgar HUF |
Kusumgar - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Siddharth Yogesh Kusumgar | Chairman & Managing Director |
| Sapna Siddharth Kusumgar | Joint Managing Director |
| Ankur Kothari | Executive Director & Chief Executive Officer |
| Kaushal Jaysingh Sampat | Independent Director |
| Deepti Gupta | Independent Director |
| Nihar Ajay Parikh | Independent Director |
Kusumgar Book Running Lead Manager
Axis Capital Limited
kusumgar.ipo@axiscap.in
IIFL Capital Services Limited
kusumgar.ipo@iiflcap.com
Motilal Oswal Investment Advisors Limited
Kusumgar.ipo@motilaloswal.com
Kusumgar Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Kusumgar Strengths
High entry barriers
Since 1970, the company has developed over 1,000 engineered fabrics, benefiting from high market entry barriers like technical expertise, long approval cycles, and specialised manufacturing. Its strengths include fine-denier light fabrics, Nylon 6/66 handling, complex engineering, coating/lamination, and an integrated fabric value chain
Technical capabilities
The company produces synthetic engineered fabrics for high-performance applications, focusing on aerospace, defence, industrial, and outdoor sectors. Its strengths include fine-denier light fabrics, Nylon 6/66 handling, complex engineering, coating/lamination, and an integrated fabric value chain
Diversified segments
The company manufactures products for four key segments: Aerospace & Defence Fabrics, Aerospace & Defence Solutions, Industrial & Automotive Fabrics, and Outdoor & Lifestyle Fabrics
Kusumgar Risks
Competition
The company operates in a competitive market, facing both organised and unorganised domestic and international fabric manufacturers. Inability to compete effectively could materially impact its business, financial condition, and results
Capital intensive
The company operates a working capital-intensive business, with a 90–180-day cycle between material purchases and customer payments. Inability to secure sufficient funds could adversely affect operations, financial condition, and cash flows
Counterparty credit risk
The company faces counterparty credit risk, where delayed or non-payment by customers could materially impact its financial condition and cash flows. Economic uncertainties, pandemics, or delayed government payments may worsen customer solvency, increasing the risk of defaults
IPO FAQs
This IPO consists of an offer for sale of up to Rs 650.0 crore, of 15,513,126 shares.
The promoters of the company are Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 398.0 - 419.0.
The IPO application opens on Jul 08, 2026 and closes on Jul 10, 2026.
The minimum lot size for the IPO is 35. The maximum lot size for the IPO is 455.
For all category investors, the minimum application amount for this IPO is Rs. 13,930.0, the maximum value for this IPO is Rs 190,645.0.
This IPO will be allotted on Jul 13, 2026.
The refund will be credited to your account on Jul 14, 2026.
The allotted shares will be credited to your demat on Jul 14, 2026.
Kusumgar Ltd.’s shares listed on the stock exchanges on Jul 15, 2026.