Kusumgar IPO Price: ₹398 to ₹419 per share
IPO Dates: 8 to 10 Jul, 2026
Company Overview
Kusumgar Limited, incorporated in 1990, is a leading manufacturer of engineered synthetic fabrics designed for high-performance applications. The company specializes in woven, coated, and laminated technical textiles manufactured using polyamide and polyester filaments combined with advanced polyurethane chemistry.
Over the years, Kusumgar has established itself as a trusted supplier of innovative fabric solutions catering to multiple industries. As of March 31, 2026, the company had developed more than 1,000 unique fabric types (SKUs), strengthening its position in India’s technical textiles sector.
Business Operations
Kusumgar manufactures specialized performance fabrics that serve diverse industrial and commercial applications. The company operates across several business segments, offering products designed to meet stringent quality and performance standards.
Aerospace and Defence Fabrics
The company manufactures advanced fabrics used in aerospace and defence applications. These products are utilized in parachute systems, tactical clothing, specialty equipment, stealth materials, and rapid deployment systems that require high durability and reliability.
Aerospace and Defence Solutions
Apart from technical fabrics, Kusumgar also manufactures finished products such as complete parachute systems, camouflage nets, deployable shelters, and other specialized defence solutions. The company also provides maintenance and repair services for selected customers.
Industrial and Automotive Fabrics
Kusumgar supplies engineered fabrics for industrial and automotive applications. Its product portfolio includes fabrics used in tapes, customized industrial products, mechanical rubber goods (MRG), inflatable products, and various technical applications.
Outdoor and Lifestyle Fabrics
The company also manufactures performance fabrics for outdoor and lifestyle products. These fabrics are widely used in activewear, rainwear, winter clothing, backpacks, luggage, tents, and sleeping bags.
Manufacturing & Infrastructure
Kusumgar has developed an extensive range of engineered fabrics supported by advanced manufacturing processes and continuous product innovation.
As of March 31, 2026, the company had:
- Developed over 1,000 unique fabric types (SKUs)
- Built strong manufacturing capabilities for woven, coated, and laminated synthetic fabrics
- Expanded into manufacturing complete aerospace and defence solutions
- Established expertise in polyurethane-based engineered textile technology
As of March 31, 2026, Kusumgar Limited had a total workforce of 2,077 employees, supporting its manufacturing, research, engineering, and business operations.
Competitive Strengths
- Strong presence in a niche industry with high entry barriers.
- Advanced technical capabilities for developing innovative engineered fabric solutions.
- Diversified product portfolio serving multiple end-use industries.
- Long-standing relationships with key domestic and international customers.
- Experienced promoters supported by a professional management team.
Bidding Starts In
Kusumgar IPO Specifics:
| IPO Date | 8 to 10 Jul, 2026 |
| Listing Date | Wed, Jul 15, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹398 to ₹419 |
| Lot Size | 35 Shares |
| Sale Type | Offer for Sale (OFS) Only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹39.00 |
| Total Issue Size | 1,55,13,126 shares (agg. up to ₹650 Cr) |
| Offer for Sale | 1,55,13,126 shares of ₹1 (agg. up to ₹650 Cr) |
| Share Holding Pre Issue | 10,14,90,000 shares |
| Share Holding Post Issue | 10,14,90,000 shares |
Kusumgar IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Jul 8, 2026 |
| IPO Close | Fri, Jul 10, 2026 |
| Allotment | Mon, Jul 13, 2026 |
| Refund | Tue, Jul 14, 2026 |
| Credit of Shares | Tue, Jul 14, 2026 |
| Listing | Wed, Jul 15, 2026 |
Kusumgar IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,665 |
| Retail (Max) | 13 | 455 | ₹1,90,645 |
| S-HNI (Min) | 14 | 490 | ₹2,05,310 |
| S-HNI (Max) | 68 | 2,380 | ₹9,97,220 |
| B-HNI (Min) | 69 | 2,415 | ₹10,11,885 |
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 Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 491.05 | 247.60 | 138.37 |
| Total Borrowing | 223.58 | 246.50 | 76.53 |
Key Performance Indicator – Kusumgar IPO
| KPI | Value |
|---|---|
| ROE | 25.82% |
| ROCE | 24.76% |
| Debt/Equity | 0.44 |
| RoNW | 25.82% |
| PAT Margin | 13.80% |
| EBITDA Margin | 27.15% |
| Price to Book Value | 8.45 |
| EPS (₹) | 9.68 |
| P/E (x) | 43.30 |
| Promoter Holding | 90.48% |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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