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Kusumgar IPO
Kusumgar Limited
Minimum investment
AnalyseKusumgar IPO Details
Bidding date
08 Jul - 10 Jul 2026
Price range
₹398 - ₹419
Minimum quantity
35
Minimum investment
₹13,930
Issue size
₹650 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Kusumgar IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹650 Crore
Fresh Issue: 0% (₹0 Cr)
OFS: 100% (₹650 Cr)
Fresh Issue – ₹0 Crore
Offer for Sale – ₹650 Crore
- Offer for Sale by Siddharth Yogesh Kusumgar - ₹420 Cr
- Offer for Sale by Sapna Siddharth Kusumgar - ₹200 Cr
- Offer for Sale by Siddharth Yogesh Kusumgar HUF - ₹30 Cr
Before Issue: 90.48%
After Issue: 74.71%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Promoter Shareholding (Minimum Promoter Contribution) | Locked in for 18 months from the date of allotment |
Remaining Pre-IPO Shares held by Promoters | Locked in for 6 months from the date of allotment |
Pre-IPO Shares held by Other Existing Shareholders | Locked in for 6 months from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Kusumgar IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 284.1x |
Retail Individual Investor | 26.47x |
Non-Institutional Investor | 165.46x |
Others | - |
Total | 128.92x |
About Kusumgar IPO: Company Overview
Kusumgar Ltd., incorporated in 1990, is an Indian manufacturer of engineered synthetic fabrics, specializing in woven, coated, and laminated fabrics made from polyamide and polyester filaments using polyurethane technology. Over the years, the company has built expertise in developing high-performance technical textiles for industries that require specialized materials. As of March 31, 2026, Kusumgar had developed more than 1,000 unique fabric SKUs, serving customers across aerospace & defence, industrial & automotive, and outdoor & lifestyle sectors. The company's products are used in applications such as parachute systems, tactical clothing, camouflage materials, stealth solutions, mechanical rubber goods, inflatables, rainwear, backpacks, luggage, tents, and sleeping bags. In addition to manufacturing technical fabrics, the company has expanded into complete aerospace and defence solutions, including parachute systems, deployable shelters, camouflage nets, and maintenance services for selected customers. Kusumgar operates with a workforce of 2,077 employees and has established long-term relationships with several domestic and international customers.
Strengths & Risks of Kusumgar IPO
Established Industry Presence: Kusumgar Ltd. has been operating since 1990 and has over three decades of experience in manufacturing engineered synthetic fabrics, making it a well-established player in the technical textile industry.
High Entry Barrier Business: The company operates in specialized technical textile segments that require advanced manufacturing capabilities, technical expertise, and strict quality standards, creating significant entry barriers for new competitors.
Diversified End-User Industries: Kusumgar serves multiple industries, including aerospace & defence, industrial, automotive, and outdoor & lifestyle, helping reduce dependence on any single business segment.
Wide Product Portfolio: As of March 31, 2026, the company had developed more than 1,000 unique fabric SKUs, enabling it to cater to a broad range of customer requirements across various industries.
Strong Customer Relationships: The company has built long-term relationships with key domestic and international customers, supported by its product quality, technical expertise, and reliable supply capabilities.
Declining Financial Performance: The company's revenue declined by approximately 10%, while profit after tax decreased by around 12% in FY2026 compared to FY2025, indicating inconsistent financial growth.
Entirely an Offer for Sale (OFS): The IPO consists only of an Offer for Sale, meaning the company will not receive any fresh capital from the issue for expansion, capacity enhancement, or debt repayment.
Existing Debt Levels: Although borrowings have reduced compared to the previous year, the company still had total borrowings of over Rs. 223 crore as of March 31, 2026.
Sector-Specific Business Risk: A significant portion of the company's business depends on aerospace, defence, industrial, and automotive sectors. Any slowdown in these industries or reduction in government defence spending could affect business performance.
Raw Material Price Volatility: The company relies on synthetic polymers, chemicals, and other raw materials. Fluctuations in input costs may impact operating margins if the increased costs cannot be passed on to customers.
Kusumgar Financials: Revenue, Profit & EBITDA
711.78 Cr.
Mar'26
98.2 Cr.
Mar'26
187.85 Cr.
Mar'26
How to Apply for Kusumgar IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Kusumgar IPO Market Sentiment: See How Many Are Interested
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