Comparison between Kusumgar IPO and Vishal Nirmiti IPO.
Kusumgar IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vishal Nirmiti IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Kusumgar IPO is up to ₹650.36 Cr whereas the issue size of the Vishal Nirmiti IPO is up to ₹0.00 Cr. The final issue price of Kusumgar IPO is ₹419.00 per share and of Vishal Nirmiti IPO is .
| Kusumgar IPO | Vishal Nirmiti IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹398.00 per share | |
| Issue Price (Upper) | ₹419.00 per share | |
| Issue Price (Final) | ₹419.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹39.00 per share | |
| Market Lot Size | 35 shares | |
| Fresh Issue Size | 0 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹125.00 Cr |
| OFS Issue Size | 1,55,21,698 shares | 15,00,000 shares |
| OFS Issue Size (Amount) | up to ₹650.36 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,55,21,698 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹650.36 Cr | up to ₹0.00 Cr |
Kusumgar IPO opens on Jul 08, 2026, while Vishal Nirmiti IPO opens on . The closing date of Kusumgar IPO and Vishal Nirmiti IPO is Jul 10, 2026, and , respectively.
| Kusumgar IPO | Vishal Nirmiti IPO | |
|---|---|---|
| Anchor Bid Date | Jul 07, 2026 | |
| Issue Open | Jul 08, 2026 | |
| Issue Close | Jul 10, 2026 | |
| Basis Of Allotment (Tentative) | Jul 13, 2026 | |
| Initiation of Refunds (Tentative) | Jul 14, 2026 | |
| Credit of Share (Tentative) | Jul 14, 2026 | |
| Listing date (Tentative) | Jul 15, 2026 | |
| Anchor Lockin End date 1 | Aug 12, 2026 | |
| Anchor Lockin End date 2 | Oct 11, 2026 |
Kusumgar IPO P/E ratio is 44.8, as compared to Vishal Nirmiti IPO P/E ratio of .
| Kusumgar IPO | Vishal Nirmiti IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)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.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 89.44 | 73.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 44.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹4399.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.82 | 47.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.76 | 30.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.44 | 1.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.82 | 47.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kusumgar IPO Retail Individual Investors (RII) are offered 54,00,358 shares while in Vishal Nirmiti IPO retail investors are offered 54,00,358 shares. Qualified Institutional Buyers (QIB) are offered 30,85,919 shares in Kusumgar IPO and 0 shares in Vishal Nirmiti IPO.
| Kusumgar IPO | Vishal Nirmiti IPO | |
|---|---|---|
| Anchor Investor Reservation | 46,28,877 shares | 0 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 30,85,919 shares | 0 shares |
| NII | 23,14,439 shares | 0 shares |
| RII | 54,00,358 shares | 0 shares |
| Employee | 92,105 shares | 0 shares |
| Others | ||
| Total | 1,55,21,698 shares | 0 shares |
Kusumgar IPO subscribed 135.80x in total, whereas Vishal Nirmiti IPO subscribed .
| Kusumgar IPO | Vishal Nirmiti IPO | |
|---|---|---|
| QIB (times) | 299.51x | |
| NII (times) | 174.28x | |
| Big NII (times) | 189.40x | |
| Small NII (times) | 144.05x | |
| RII (times) | 27.97x | |
| Employee (times) | 11.09x | |
| Other (times) | ||
| Total (times) | 135.80x |
