Kusumgar IPO
Bookbuilding IPO | ₹650.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jul 08, 2026
IPO Close
Fri, Jul 10, 2026
Price Band
₹398.00 to ₹419.00
Market Cap (Pre-IPO)
₹4,399.14 Cr
IPO Details
| IPO Date | Jul 08, 2026 to Jul 10, 2026 |
| Listing Date | Tentative: Jul 15, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹398.00 to ₹419.00 |
| Lot Size | 35 Shares (Minimum: ₹14,665.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹650.00 Crores |
| Total Shares Offered | 15,513,126 shares |
| Fresh Issue | 15,513,126 shares |
| Offer For Sale | 15,513,126 shares |
Kusumgar IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Kusumgar IPO Lot Size
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,665 |
| Retail (Max) | 13 | 455 | ₹190,645 |
| S-HNI (Min) | 14 | 490 | ₹205,310 |
| S-HNI (Max) | 68 | 2,380 | ₹997,220 |
| B-HNI (Min) | 69 | 2,415 | ₹1,011,885 |
Kusumgar Financial Information (Restated Consolidated)
Kusumgar Ltd.'s revenue decreased by 10% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 905.07 | 632.40 | 584.74 |
| Total Income | 711.78 | 790.21 | 474.55 |
| Profit After Tax | 98.20 | 111.99 | 84.40 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| NET Worth | 502.95 | 257.75 | 140.36 |
| Reserves and Surplus | 491.05 | 247.60 | 138.37 |
| Total Borrowing | 223.58 | 246.50 | 76.53 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.82% |
| ROCE (Return on Capital Employed) | 24.76% |
| Debt/Equity | 0.44 |
| RoNW (Return on Net Worth) | 25.82% |
| PAT Margin (Profit After Tax Margin) | 13.80% |
| EBITDA Margin | 27.15% |
| Price to Book Value | 8.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.35 | 9.35 |
| P/E (x) | 44.80 | 44.80 |
| Promoter Holding | 90.48% | - |
Company Promoters
- Yogesh Kantilal Kusumgar
- Siddharth Yogesh Kusumgar
- Sapna Siddharth Kusumgar
- Siddharth Yogesh Kusumgar (HUF)
Company Overview
Kusumgar Ltd. – Company Overview
- Kusumgar Ltd. is engaged in the manufacturing of woven, coated, and laminated synthetic engineered fabrics based on polyamide and polyester filaments using polyurethane chemistry.
- The company has developed over 1,000 unique fabric types (SKUs), serving industries such as aerospace & defence, industrial & automotive, and outdoor & lifestyle.
- In recent years, the company has expanded into finished aerospace and defence products, including parachute systems, stealth materials, camouflage nets, and rapid deployment systems, along with maintenance and repair services.
- Business Segments:
- Aerospace & Defence Fabrics
- Aerospace & Defence Solutions
- Industrial & Automotive Fabrics
- Outdoor & Lifestyle Fabrics
- Its products are used in applications such as parachutes, tactical clothing, specialty gear, tapes, mechanical rubber goods (MRG), inflatables, athleisure, rainwear, winter wear, backpacks, luggage, tents, and sleeping bags.
- As of March 31, 2026, the company had a total workforce of 2,077 employees.
Company Strengths
- Operates in & high entry barriers market
- Strong technical capabilities to develop and supply unique solutions
- Diversified presence across multiple end-use segment
- Long-standing relationships with key customer
- Experienced and visionary Promoters supported by a professional management team
Use of Proceeds
| 1) | 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 | |
| 2) | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Kusumgar IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kusumgar Ltd. | 9.68 | 9.31 | 49.56 | - | 25.82 | - | - |
| Garware Technical Fibres Ltd | 20.01 | 20.01 | 136.44 | 39.80 | 15.29 | 5.85 | Consolidated |
| Arvind Ltd | 15.80 | 15.79 | 154.47 | 32.72 | 10.91 | 3.35 | Consolidated |
| Srf Ltd | 61.91 | 61.91 | 473.74 | 43.77 | 13.76 | 5.73 | Consolidated |
Quick Info
| Sector | Technical Textiles sector |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,399.14 Cr |
Important Dates
| IPO Open | Jul 08, 2026 |
| IPO Close | Jul 10, 2026 |
| Allotment Date | Jul 13, 2026 |
| Credit to Demat | Jul 14, 2026 |
| Listing Date | Tentative: Jul 15, 2026 |
Lead Manager(s)
Axis Capital Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹650.00 crores.
- Issue Structure: Entirely an offer for sale (OFS) of 1.55 crore shares totaling ₹650.00 crores.
- IPO Dates: The issue opens on July 8, 2026 and closes on July 10, 2026.
- Allotment Date: The allotment is expected to be finalized on July 13, 2026.
- Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on July 15, 2026.
- Retail Investment Requirement: Minimum 1 lot (35 shares) amounting to approximately ₹14,665 (at the upper price band).
- sNII Investment Requirement: Minimum 14 lots (490 shares) amounting to approximately ₹2,05,310.
- bNII Investment Requirement: Minimum 69 lots (2,415 shares) amounting to approximately ₹10,11,885.
- Issue Price Band: ₹398 to ₹419 per equity share.
- Lot Size: 35 shares per lot.
This IPO offers investors an opportunity to participate in the technical textiles industry through an offer for sale by the existing shareholders.