Kusumgar
- Issue price
- ₹ 419
- Issue size
- ₹ 650 Cr.
- Min. investment
- ₹ 14,665
- Listing price
- ₹ 574
- Subscribed
- 135.8x
- Lot size
- 35 shares
- P/E
- 44.8
- RoNW
- 25.82%
- RoCE
- 24.76%
- Debt / Equity
- 0.44
- PAT margin
- 13.80%
- EBITDA margin
- 27.15%
- RoE
- 25.82%
- EPS
- ₹ 9.35
- NAV
- ₹ 49.56
- Promoter stake
- 74.72%
About
Kusumgar Limited is a Mumbai-based textile manufacturing company with a legacy spanning more than three decades. Established in 1990, the company has built a strong reputation in the field of technical and engineered textiles. The business was founded and is promoted by the Kusumgar family, which has played a key role in expanding the company’s product portfolio and strengthening its position in specialised fabric manufacturing. Over the years, Kusumgar has focused on innovation, quality standards and customised solutions for industrial applications. The company manufactures a wide range of woven, coated, laminated and specialty fabrics used across defence, aerospace, automotive, healthcare, outdoor equipment and industrial sectors. Its business model is centred on developing high-performance textile solutions tailored to customer requirements, supported by in-house manufacturing and research capabilities. By serving both domestic and international markets and maintaining long-term relationships with institutional and industrial clients, Kusumgar generates revenue through the supply of value-added technical textile products.
Timeline
- doneOpens8 Jul
- doneCloses10 Jul
- doneAllotment13 Jul
- doneRefunds14 Jul
- doneDemat credit14 Jul
- doneListing15 Jul
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 171 on 5 Jul 2026
- Lowest
- ₹ 135 on 2 Jul 2026
- First quoted
- ₹ 135 on 2 Jul 2026
Subscription
How many times each investor group bid for its share, as of 08 Aug 2026, 04:05 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 35 | ₹ 14,665 |
| Retail (Max) | 13 | 455 | ₹ 1,90,645 |
| S-HNI (Min) | 14 | 490 | ₹ 2,05,310 |
| B-HNI (Min) | 69 | 2,415 | ₹ 10,11,885 |
Company overview
Financials
| Assets | 905.07 | 632.4 | 584.74 |
| Total Income | 711.78 | 790.21 | 474.55 |
| Profit After Tax | 98.2 | 111.99 | 84.4 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| NET Worth | 502.95 | 257.75 | 140.36 |
| Reserves and Surplus | 491.05 | 247.6 | 138.37 |
| Total Borrowing | 223.58 | 246.5 | 76.53 |
Strengths
- Over 30 years of experience in the technical textiles industry supports strong market credibility.
- A diversified product portfolio helps reduce dependence on any single product category.
- Presence across defence, aerospace, automotive and industrial sectors provides multiple growth opportunities.
- Integrated manufacturing capabilities enable customised and high-value product offerings.
- Long-standing customer relationships contribute to stable and recurring business.
Risks
- Volatility in raw material prices can impact the company's profit margins.
- Dependence on key customers may affect revenue if major orders decline.
- Intense competition from domestic and global players may pressure market share and pricing.
- Slowdown in end-user industries could adversely affect demand for the company's products.
- Changes in regulatory and environmental compliance requirements may increase operating costs.
What the money is for
| — | — |
Promoters
- Sapna Siddharth Kusumgar
- Siddharth Yogesh Kusumgar
- Siddharth Yogesh Kusumgar (HUF)
- Yogesh Kantilal Kusumgar
Registrar, lead managers and documents
- Listing on
- BSE, NSE
- Face value
- ₹ 1 a share
- Registrar
- Bigshare Services Private Limited
- Lead managers
- Axis Capital, Motilal Oswal Investment Advisors, IIFL Capital Services Limited
- Basis of allotment
- Open
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.