Kusumgar Ltd IPO

Kusumgar Ltd IPO

The Company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. It offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers. Its expertise is manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, airpermeability, and water proofing, among others. It has leveraged its process knowledge and product development expertise to manufacture over 1,000 unique fabric configurations (referred to as stock keeping units, or SKUs) as at March 31, 2026, to build a niche around synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.

Kusumgar Ltd IPO Details

Total Shares Offered

₹ 1,55,21,350

Offer to Public

1,55,21,350

Retail Max (Shares)

₹ 54,00,237

Pre Issue Promoters Holding

₹ 9,42,75,379

Exchange

BSE

Issue size

₹ 650 Cr

IPO Open Date

Jul 8, 2026

Close Date

Jul 10, 2026

Lot Size

35

Min Investment

₹ 13,930

Issue Type

Book Building

Listing Date

Jul 15, 2026

Kusumgar Ltd IPO Dates

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Jul 8, 2026
Opening date
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Jul 10, 2026
Closing date
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Jul 13, 2026
Basis of Allotment
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Jul 14, 2026
Initiation of Refunds
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Jul 14, 2026
Credit of Shares
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Jul 15, 2026
Listing date

Details

SectorType
SectorTextiles - Manmade
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Kusumgar Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations164.92179.69132.17
EBITDA210.69212.88149.27
PAT88.13108.9184.40
Total Assets519.75317.45374.71
Share Capital11.9010.151.99
Total Borrowings295.78340.46122.00
Operating Activities (Net Cash)133.90142.10101.50
Investing Activities (Net Cash)101.2681.873.75
Financing Activities (Net Cash)295.78340.46122.00
Net Cashflow40.8735.87143.29

About Kusumgar Ltd

The Company was originally incorporated as Kusumgar Finstocks Private Limited as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 15, 1990, issued by the Registrar of Companies, Maharashtra at Mumbai. The name of the Company was changed to Kusumgar Corporates Private Limited on account of takeover of proprietary concern of Kusumgar Corporates, pursuant to a resolution passed by its Board on August 5, 2008 and a special resolution passed by its Shareholders on September 12, 2008, and a fresh certificate of incorporation, consequent upon change of name was issued to the Company by the Registrar of Companies, Maharashtra at Mumbai, on November 21, 2008. Further, the name of the Company was changed to Kusumgar Private Limited on account of expansion of business, pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders on February 8, 2024, and a fresh certificate of incorporation was issued to the Company by the Registrar of Companies, Central Processing Centre, Manesar on March 28, 2024 pursuant to change of name. Thereafter, the Company was converted into a public limited company pursuant to a special resolution dated December 27, 2024, passed in the extraordinary general meeting of its Shareholders, and consequently the name of the Company was changed to its present name i.e., Kusumgar Limited and a fresh certificate of incorporation dated January 28, 2025 was issued by the Registrar of Companies, Central Processing Centre, Manesar upon conversion to public company.

The Company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. It offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers. Its expertise is manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, airpermeability, and water proofing, among others. It has leveraged its process knowledge and product development expertise to manufacture over 1,000 unique fabric configurations (referred to as stock keeping units, or SKUs) as at March 31, 2026, to build a niche around synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.

Peer Comparison:

  • Garware Technical Fibres Limited
  • Arvind Limited
  • SRF Limited

Kusumgar Ltd Key Points

Strengths

The Company operates in markets with high entry barriers.

Its technical capabilities allow it to develop and supply unique solutions for its customers.

The Company has a diversified presence across multiple end-use segments, each of which has independent growth drivers.

The Company has long-standing relationships with key customers.

Its track record has given it access to technology and markets through partnerships.

Risk

The company derived 31.67%, 24.43% and 22.97% of its revenue from contracts with customers for Fiscal 2026 from the company Aerospace and Defence Fabrics, Industrial and Automotive Fabrics, and Aerospace and Defence Solutions market segments, respectively. If there is any decline in demand for aerospace and defence fabrics, industrial and automotive fabrics, and aerospace and defence solutions, it could has a material adverse effect on the company business, financial condition, results of operations and cash flows.

The company's top customer and its top 10 customers contributed 11.13% and 59.52%, respectively, of the company revenue from contracts with customers for Fiscal 2026. Any decrease in sales to such customers or the loss of such customers could has an adverse effect on its business, results of operations, financial condition and cash flows.

All six of the company manufacturing facilities are in the state of Gujarat. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Gujarat could has an adverse effect on its business, results of operations, financial condition and cash flows.

Strategy

Continue to follow a build, retain, extend framework with respect to its aerospace and defence business.

Continue to work closely with global brands to grow its Outdoor and Lifestyle Fabrics business.

Steadily grow its Industrial and Automotive Fabrics business by increasing wallet share and providing customized solutions.

Continue to focus on manufacturing products and solutions with high gross margins and high entry barriers to continue to drive profitable growth.

Continue to invest in its capabilities and people to support growth, research and development, and efficiency improvement.

How To Apply for Kusumgar Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Kusumgar Ltd IPO?

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Kusumgar Ltd's IPO offers shares for up to 0 It begins on Jul 8, 2026 and ends on Jul 10, 2026.

What is the price of the Kusumgar Ltd IPO?

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The price of Kusumgar Ltd IPO ranges between ₹398 to ₹419 per share.

What are the open and close dates for the Kusumgar Ltd IPO?

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The Kusumgar Ltd IPO opens on Jul 8, 2026 and closes on Jul 10, 2026.

When will the Kusumgar Ltd IPO be allotted?

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The allotment for the Kusumgar Ltd IPO will be finalised on Jul 13, 2026. The shares will be listed on BSE and NSE on Jul 15, 2026.

What is the minimum lot size required for Kusumgar Ltd IPO?

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The minimum lot size for Kusumgar Ltd IPO is 35 shares, priced between ₹398 to ₹419 per share.

What is the GMP of Kusumgar Ltd IPO?

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The GMP (Grey Market Premium) of Kusumgar Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Kusumgar Ltd IPO?

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To check the allotment status of Kusumgar Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Kusumgar Ltd IPO getting listed?

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The Kusumgar Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 8, 2026, and closes on Jul 10, 2026. The allotment is finalised on Jul 13, 2026.

How do you apply for the Kusumgar Ltd IPO?

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To apply for the Kusumgar Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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