KUSUMGAR LIMITED
₹ 398 - ₹ 419
08-Jul-2026 - 10-Jul-2026
₹ 14665.00

/ 35 Shares

KUSUMGAR LIMITED

08-Jul-2026 - 10-Jul-2026

₹ 398 - ₹ 419

Price Band

₹ 14665.00

Minimum Investment

35

Bid Lot

15,521,698

Shares

  • Face Value - ₹ 1/- Per Share

  • Listing at NSE BSE

  • 154,295 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Offer for Sale of Equity Shares aggregating upto Rs.650 Cr

Category % Shares/Amount
QIB 50% 7,714,796 Shares RS.323.25 CR
HNI 1 5% 771,479 Shares RS.32.33 CR @ 1574 FORM 1X
HNI 2 10% 1,542,960 Shares RS.64.65 CR @ 3149 FORM 1X
Retail 35% 5,400,358 Shares RS.226.28 CR @ 154296 FORM 1X
Employee 0% 92,105 Shares RS.3.50 CR

BRLMs: Axis Capital, IIFL Capital, Motilal Oswal

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
154296 FORM 1X 1574 FORM 1X 3149 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 35 ₹ 14,665
Retail (Upto 2 Lakh) 13 455 ₹ 190,645
S-HNI (2 Lakh to 10 Lakh) 14 490 ₹ 205,310
S-HNI (2 Lakh to 10 Lakh) 68 2380 ₹ 997,220
B-HNI (Above 10 Lakh) 69 2415 ₹ 1,011,885

IPO Timeline

  • Open Date

    08-Jul-2026

  • Close Date

    10-Jul-2026

  • Basis of Allotment Date

    13-Jul-2026

  • Initiation of Refunds

    14-Jul-2026

  • Credit Shares to Demat A/c

    14-Jul-2026

  • IPO Listing Date

    15-Jul-2026

Subscription as on
10-Jul-2026 17:02

Category Book Size Subscription No. of Times
QIB 3,085,919 ₹ 129.30 Cr. 922,968,200 ₹ 38672.37 Cr. 299.09x
HNI (<10 LAKH) 771,479 ₹ 32.32 Cr. 111,053,600 ₹ 4653.15 Cr. 143.95x
HNI2 (>10 LAKH) 1,542,960 ₹ 64.65 Cr. 292,078,395 ₹ 12238.08 Cr. 189.30x
RETAIL 5,400,358 ₹ 226.28 Cr. 150,435,880 ₹ 6303.26 Cr. 27.86x
EMP 92,105 ₹ 3.86 Cr. 1,021,230 ₹ 42.79 Cr. 11.09x
Total 10,892,821 1,477,557,305 135.65x
Category Book Size Subscription No. of Times
QIB 3,085,919 ₹ 129.30 Cr. 922,968,200 ₹ 38672.37 Cr. 299.09x
HNI (<10 LAKH) 771,479 ₹ 32.32 Cr. 111,053,600 ₹ 4653.15 Cr. 143.95x
HNI2 (>10 LAKH) 1,542,960 ₹ 64.65 Cr. 292,078,395 ₹ 12238.08 Cr. 189.30x
RETAIL 5,400,358 ₹ 226.28 Cr. 150,435,880 ₹ 6303.26 Cr. 27.86x
EMP 92,105 ₹ 3.86 Cr. 1,021,230 ₹ 42.79 Cr. 11.09x
Total 10,892,821 1,477,557,305 135.65x

*Excluding Anchor

Total No. of Application Approx : ~3498354 (22.67 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 215213.23 1574 (For 1x) 136.73x
HNIAT 117421.12 3149 (For 1x) 37.29x
RETAIL 3495351.00 154296 (For 1x) 22.65x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Kusumgar Ltd is a specialised player in the engineered fabrics industry with expertise in customised and high-performance fabric solutions. The company manufactures woven, coated, and laminated synthetic fabrics using advanced technical processes that are difficult for competitors to replicate.
  • They possess specialised machinery, diverse manufacturing capabilities, and strong technical know-how built over many years. The engineered fabrics industry has high technical and operational entry barriers, limiting the number of capable competitors in the market.
  • The company manufactures high-performance fabrics using polyamide and polyester filaments along with polyurethane chemistry. Its products are designed to provide critical features such as strength, durability, abrasion resistance, comfort, air permeability, and waterproofing.
  • Kusumgar Ltd uses specialised synthetic fibres such as nylon, polyester, and aramids for various industrial and defence applications. The company offers fabrics ranging from lightweight 15D fabrics to highly durable 1000D fabrics for heavy-duty applications.
  • Kusumgar Ltd has developed more than 1,000 unique SKUs, establishing a niche position in synthetic functional and performance fabrics.
  • The company serves multiple sectors including aerospace and defence, industrial and automotive, and outdoor and lifestyle applications.
  • The company is recognised as a pioneer in parachute fabrics and is among the major players outside the U.S. and China in military parachute fabrics.
  • The company also manufactures specialised products such as parachute systems, stealth solutions, camouflage nets, shelters, and rapid deployment systems.
  • The company operates through four key segments: Aerospace & Defence Fabrics, Aerospace & Defence Solutions, Industrial & Automotive Fabrics, and Outdoor & Lifestyle Fabrics.
  • The company supplies materials to leading global brands and is expanding its presence in exports and global markets. They focus strongly on sustainability through recycled materials, solar and biomass energy usage, eco-friendly processes, continuous product innovation, and expansion into new applications..
Read More

Strengths

Competitive Strength 

  • The company operates in markets with high entry barriers
  • The technical capabilities allow to develop and supply unique solutions for the customers
  • A diversified presence across multiple end-use segments, each of which has independent growth drivers
  • Long-standing relationships with key customers
  • Track record to have access to technology and markets through partnerships
  • Experienced and visionary Promoters supported by a professional management team. Their culture promotes innovation and quality

Business Strategies 

  • Continue to follow a "build, retain, extend" framework with respect to their aerospace and defence business
  • Continue to work closely with global brands to grow their Outdoor and Lifestyle Fabrics business
  • Steadily grow their Industrial and Automotive Fabrics business by increasing wallet share and providing customised 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 their capabilities and people to support growth, research and development, and efficiency improvement

Company Promoters

Company Financials

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

Objects of the Issue

How to Apply

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  • Step 02 :

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  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
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  • Maximum three bids will be accepted.
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