Bookbuilding IPO | ₹650 Cr | Listed at BSE, NSE | Wed, Jul 8, 2026 - Fri, Jul 10, 2026
Kusumgar IPO is a book build issue of ₹650.00 crores. The issue is entirely an offer for sale of 1.55 crore shares of ₹650.00 crore.
Kusumgar IPO bidding started from Jul 8, 2026 and ended on Jul 10, 2026. The allotment for Kusumgar IPO was finalized on Jul 13, 2026. The shares got listed on NSE and BSE on Jul 15, 2026.
Kusumgar IPO is set final issue price at ₹419 per share. The lot size for an application is 35 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,665 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,05,310, and for bNII, it is 69 lots (2,415 shares), amounting to ₹10,11,885.
The issue includes a reservation of up to 92,105 shares for employees offered at a discount of ₹39.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Kusumgar IPO RHP for detailed Information.
IPO Open
Wed, Jul 8, 2026
IPO Close
Fri, Jul 10, 2026
Issue Price
₹419 per share
Market Cap (Pre-IPO)
₹4,399.14 Cr
| IPO Date | 8 to 10 Jul, 2026 |
| Listed on | Wed, Jul 15, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹398 to ₹419 |
| Issue Price | ₹419 per share |
| Lot Size | 35 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹39.00 |
| Total Issue Size | 1,55,21,350 shares (agg. up to ₹650 Cr) |
| Offer for Sale | 1,55,21,350 shares of ₹1 (agg. up to ₹650 Cr) |
| Share Holding Pre Issue | 10,49,91,372 shares |
| Share Holding Post Issue | 10,49,91,372 shares |
| BSE Script Code / NSE Symbol | 544821 / KUSUMGAR |
| ISIN | INE0ISX01025 |
Kusumgar IPO comprises a total issue size of 1,55,21,698 shares. The net offer to the public is 1,54,29,593 shares, after excluding 92,105 shares under a preferential allotment. Of the Net offer 77,14,796 (50.00%) are allocated to QIB, 23,14,439 (15.00%) allocated to NII 54,00,358 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 77,14,796 | 50.00% | 49.70% | NA |
| − Anchor Investor Shares Offered | 46,28,877 | 29.82% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 30,85,919 | 19.88% | NA | |
| NII (HNI) Shares Offered | 23,14,439 | 15.00% | 14.91% | NA |
| − bNII > ₹10L | 15,42,960 | 9.94% | 3,148 | |
| − sNII < ₹10L | 7,71,479 | 4.97% | 1,574 | |
| Retail Shares Offered | 54,00,358 | 35.00% | 34.79% | 1,54,295 |
| Preferential Reservations | ||||
| Employee Shares Offered | 92,105 | 0.59% | NA | |
| Total Shares Offered | 1,55,21,698 | 100.00% | 100.00% | |
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 | ₹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 raises ₹193.95 crore from anchor investors. Kusumgar IPO Anchor bid date is July 7, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 7, 2026 |
| Shares Offered | 46,28,877 |
| Anchor Portion (₹ Cr.) | 193.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 12, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 11, 2026 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1990, Kusumgar Ltd is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics. Its products are based mainly on polyamide and polyester filaments, using polyurethane chemistry.
As of March 31, 2026, it has developed over 1,000 unique fabric types (SKUs), building a strong position in the synthetic functional and performance fabric space. Its products serve a wide range of industries, including aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
In recent years, the company has also expanded into finished products for aerospace and military use, such as parachute systems, stealth materials, and rapid deployment systems.
Business segments:
As of March 31, 2026, it has a total workforce of 2077 employees.
Competitive Strengths
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 ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹116.14 (-4.99%) |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹41.82 (+1.38%) |
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹77.70 (+1.70%) |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹79.00 (-3.53%) |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹38.40 (+1.05%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹10.67 (-4.22%) |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹91.99 (-4.18%) |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.58 (-0.71%) |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹29.20 (+1.39%) |
| Rachit Prints Ltd. | SME | ₹19.50 Cr | ₹149 | 11.85 | ₹113.25 | -23.99% | ₹216.00 (+4.37%) |
| Spunweb Nonwoven Ltd. | SME | ₹60.98 Cr | ₹96 | 15.79 | ₹158.55 | +65.16% | ₹104.00 (-1.42%) |
| KPI | Mar 31, 2026 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.35 | 9.35 |
| P/E (x) | 44.8 | 44.8 |
| Promoter Holding | 89.44% | 74.72% |
| Market Cap | ₹4,399.14 Cr. |
The Kusumgar IPO is subscribed 135.80 times on July 10, 2026 6:54:43 PM (Day 3). The public issue subscribed 27.97 times in the retail category, 299.51 times in the QIB category, and 174.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 299.51 | 30,81,634 | 92,29,68,200 |
| NII | 174.28 | 23,13,153 | 40,31,46,275 |
| bNII (> ₹10L) | 189.40 | 15,42,102 | 29,20,78,395 |
| sNII (< ₹10L) | 144.05 | 7,71,051 | 11,10,67,880 |
| Retail | 27.97 | 53,97,357 | 15,09,49,365 |
| Employee | 11.09 | 92,105 | 10,21,580 |
| Total | 135.80 | 1,08,84,249 | 1,47,80,85,420 |
Total Applications: 37,19,690
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the Book Running Lead Managers (including any underwriting commission, brokerage and selling commission) | 19.18 |
| 2 | Advertising and marketing expenses for the Offer | 0.51 |
| 3 | Fees payable to the Registrar to the Offer | 0.51 |
| 4 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.33 |
| 5 | Printing and distribution of Offer stationery | 0.48 |
| 6 | Listing fees, SEBI filing fees, BSE & NSE processing a) fees, book building software fees | 5.93 |
| 7 | Fees payable to legal counsels | 6.82 |
| 8 | Fees payable to industry service provider | 0.48 |
| 9 | Miscellaneous | 4.57 |
| Total | 40.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹419.00 | ₹419.00 |
| Open | ₹574.00 | ₹569.00 |
| Low | ₹567.95 | ₹568.15 |
| High | ₹631.35 | ₹625.90 |
| Last Trade | ₹604.45 | ₹602.80 |
Kusumgar IPO is a main-board IPO of 1,55,21,350 equity shares of the face value of ₹1 aggregating up to ₹650 Crores. The issue is priced at ₹419 per share. The minimum order quantity is 35.
The IPO opens on Wed, Jul 8, 2026, and closes on Fri, Jul 10, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kusumgar IPO using UPI as a payment gateway. Zerodha customers can apply in Kusumgar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kusumgar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kusumgar IPO opens on Wed, Jul 8, 2026 and closes on Fri, Jul 10, 2026.
Kusumgar IPO lot size is 35, and the minimum amount required for application is ₹14,665.
You can apply in Kusumgar IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kusumgar IPO will be done on Monday, July 13, 2026, and the allotted shares will be credited to your demat account by Tue, Jul 14, 2026. Check the Kusumgar IPO allotment status.
The Kusumgar IPO listing date is on Wed, Jul 15, 2026.
