Kusumgar Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹398 - ₹419
- Lot size
- 35 shares
- Issue amount
- ₹650 cr
- Total subscription
- 135.76×
- Opens
- 8 Jul 2026
- Closes
- 10 Jul 2026
- Allotment
- 13 Jul 2026
- Listing
- 15 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 1,55,13,126 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹13,930
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹650 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,665
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,49,91,372
- Shares after issue
- 10,49,91,372
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 35 | ₹14,665 |
| sHNI | 14 | 490 | ₹2,05,310 |
| bHNI | 69 | 2,415 | ₹10,11,885 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,54,210 | 34,18,548 |
| EMPLOYEES | 0 | 16,947 |
| HNIs(10L +) | 3,147 | 1,17,412 |
| HNIs (2-10L) | 1,574 | 2,15,241 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 129.12 | 38,672.37 |
| FIIs | 0 | 9,529.21 |
| FIs | 0 | 16,438.22 |
| Mutual Funds | 0 | 3,350.66 |
| Others | 0 | 9,354.28 |
| RETAIL | 226.15 | 6,305.25 |
| HNIs 2+ | 32.31 | 4,653.85 |
| HNIs 10+ | 64.61 | 12,238.08 |
| EMPLOYEES | 3.86 | 42.8 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 9.31 | 10.81 | 8.32 |
| ROE | 25.82 | 56.26 | 86.13 |
| ROCE | 24.76 | 42.89 | 55.87 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 45 | 0 | 0 |
| POST IPO(PE) | 45 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Garware Technical Fibres Limited | 39.80 | 796.40 | 10.00 | 136.44 | 15.29 | 20.01 |
| Arvind Limited | 32.72 | 516.60 | 10.00 | 154.47 | 10.91 | 15.80 |
| SRF Limited | 43.77 | 2709.8 | 10.00 | 473.74 | 13.76 | 61.91 |
| Kusumgar Limited | 45.00 | 419.00 | 10 | 49.56 | 25.82 | 9.68 |
Company information
Company profile
Kusumgar Ltd., incorporated in 1990, is a manufacturer of engineered synthetic fabrics made from polyamide and polyester, widely used in high-performance and functional applications. The company has developed over 1,000 fabric types and serves industries like aerospace and defence, automotive, industrial, and outdoor lifestyle. It not only produces specialized fabrics for parachutes, tactical gear, and industrial uses but has also expanded into manufacturing complete defence products such as parachute systems, camouflage nets, and deployable shelters, along with maintenance services. A significant portion of its revenue comes from aerospace and defence segments, highlighting its strong position in this space. With multiple manufacturing units in Gujarat and a fabrication facility in Uttar Pradesh, supported by a workforce of over 1,700 employees, the company continues to grow in both domestic and global markets.
Strengths
- Specialized Technical Textile Business: Focuses on coated and laminated fabrics used in industrial applications, creating a niche market position.
- Diverse Industrial Applications: Products are used across sectors like infrastructure, agriculture, and transportation, reducing reliance on a single segment.
- Established Manufacturing Experience: Long-standing presence with technical expertise supports consistent quality and client trust.
Risk factors
- Raw Material Price Sensitivity: Dependence on petrochemical-based inputs can impact margins due to price fluctuations.
- Working Capital Intensive: Requires continuous investment in inventory, production, and receivables, affecting cash flow.
- Competitive Industry Landscape: Faces competition from both domestic and global technical textile manufacturers, impacting pricing power.
Promoters
Yogesh Kantilal Kusumgar
Siddharth Yogesh Kusumgar
Sapna Siddharth Kusumgar
Siddharth Yogesh Kusumgar HUF
Registrar & documents
Lead manager
Axis Capital Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
101, Manjushree, V.M. Road, Corner of N.S. Road No. 5, JVPD Scheme, Vile Parle (West), Mumbai, Maharashtra, 400056
+91 22 6112 510
[email protected]Company website ↗Understanding KUSUMGAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.