Kusumgar IPO is a Mainboard book-built public issue that offers investors an opportunity to participate in the listing of one of India’s established textile companies. The IPO consists entirely of an Offer for Sale (OFS) by the existing shareholders, which means the company will not receive any proceeds from the public issue. The primary objective of the IPO is to achieve a stock exchange listing and provide liquidity to the selling shareholders while enhancing the company’s presence in the capital markets.
The Kusumgar IPO will open for subscription on 21 July 2026 and close on 23 July 2026. The price band has been fixed at ₹398 to ₹419 per equity share, with a minimum application lot of 35 shares. The basis of allotment is expected to be finalized on 24 July 2026, while the shares are likely to be listed on BSE and NSE on 28 July 2026, subject to the completion of regulatory and post-issue formalities.
This article provides complete information about the Kusumgar IPO, including the issue size, important dates, price band, lot size, reservation, company profile, financial performance, objectives of the issue, strengths, risk factors, registrar details, and frequently asked questions. The information has been compiled from the company’s official Red Herring Prospectus (RHP) and other regulatory filings to help investors make an informed decision.
Kusumgar IPO Details
Kusumgar IPO was a Book Built Mainboard public issue with a total issue size of ₹650 crore. The public offering consisted entirely of an Offer for Sale by the existing shareholders, and therefore the company did not receive any proceeds from the issue. After the completion of the IPO process, the equity shares were listed on both BSE and NSE, providing investors with an opportunity to trade the company’s shares on the stock exchanges.
Kusumgar IPO Details
| Particulars | Details |
|---|---|
| IPO Name | Kusumgar IPO |
| Company Name | Kusumgar Limited |
| IPO Type | Book Built Issue |
| Issue Category | Mainboard IPO |
| Face Value | ₹1 per Equity Share |
| Price Band | ₹398 to ₹419 per Share |
| Issue Size | ₹650 Crore |
| Fresh Issue | Nil |
| Offer for Sale | ₹650 Crore |
| IPO Opens | 8 July 2026 |
| IPO Closes | 10 July 2026 |
| Listing Exchange | 15 July 2026 |
| Lot Size | 35 Shares |
| Minimum Investment | ₹14,665 |
| Issue Status | Listed |
Kusumgar IPO was launched through the Mainboard book-building route, offering investors an opportunity to participate in the company’s public issue. The IPO comprised an Offer for Sale by the existing shareholders, and therefore the company will not receive any proceeds from the offering. Investors could submit their applications during the subscription period by following the ASBA or UPI process, subject to the eligibility requirements applicable to their respective investor categories.Kusumgar IPO Dates & Timeline
Kusumgar IPO Dates & Timeline
KusumKusumgar Limited conducted its IPO through the book-building route under the Mainboard segment. The subscription window remained open from 8 July 2026 to 10 July 2026, allowing eligible investors to place their bids during this period. Once the issue closed, the registrar completed the allotment process, processed refunds for applicants who did not receive shares, credited allotted shares to successful investors’ demat accounts, and completed the listing process. The key dates associated with the IPO are provided below.
gar IPO Dates & Timeline
| Event | Date |
|---|---|
| Anchor Investor Bidding | 8 July 2026 |
| IPO Opening Date | 8 July 2026 |
| IPO Closing Date | 10 July 2026 |
| Basis of Allotment | 13 July 2026 |
| Initiation of Refunds | 14 July 2026 |
| Credit of Shares to Demat | 14 July 2026 |
| Listing Date | 15 July 2026 |
Investors applying through the ASBA and UPI mechanisms were required to complete the mandate approval before the subscription deadline. After the allotment was finalized, blocked funds were released for unsuccessful applicants, while successful bidders received their allotted shares in their demat accounts ahead of the company’s listing on the stock exchanges.
Kusumgar IPO Reservation
The Kusumgar IPO allocated shares among different investor categories in accordance with the SEBI framework applicable to Mainboard book-built public issues. The issue was divided between Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), ensuring participation from institutional as well as retail investors.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII/HNI) | 15% |
| Retail Individual Investors (RII) | 35% |
Each investor category competed for allotment only within its designated quota. Retail applicants participated under the retail segment, whereas high-net-worth individuals applied through the non-institutional category. Institutional participation included eligible domestic and foreign entities that satisfied the regulatory eligibility criteria.
Kusumgar IPO Lot Size
The IPO required retail investors to apply for a minimum of one lot comprising 35 equity shares. Applications could also be submitted for multiple lots, provided they complied with the investment limits specified for each investor category. The table below outlines the number of shares and the corresponding investment amount calculated at the upper end of the price band.
| Application Category | Lots | Shares | Investment (₹419 per Share) |
|---|---|---|---|
| Retail (Minimum) | 1 | 35 | ₹14,665 |
| Retail (Maximum) | 13 | 455 | ₹190,645 |
| S-HNI (Minimum) | 14 | 490 | ₹205,310 |
| B-HNI (Minimum) | 69 | 2,415 | ₹1,011,885 |
Retail applications were accepted up to the maximum limit permitted under SEBI guidelines. Any application exceeding the retail investment threshold was considered under the non-institutional investor category. Before submitting an IPO application, investors should verify the applicable lot size and investment amount to ensure the bid is placed in the correct category.
About Kusumgar Limited
Kusumgar Limited is an Indian manufacturer specializing in high-performance technical textile solutions for a wide range of industrial and commercial applications. The company develops engineered fabrics that are used across sectors such as defence, aerospace, automotive, infrastructure, industrial safety, outdoor equipment, and other specialized end-use industries. Through decades of operational experience, the company has established itself as a trusted supplier of value-added textile products for both domestic and international customers.
The company’s manufacturing facilities are equipped with advanced technology that supports multiple stages of the production process, allowing it to maintain product consistency and quality standards. Its focus on research, innovation, and product development enables Kusumgar to design customized textile solutions that meet the specific performance requirements of different industries. This capability has helped the company build long-term relationships with customers operating in highly regulated and quality-conscious markets.
Apart from serving customers across India, Kusumgar has developed a strong presence in overseas markets through exports. The company supplies its products to customers in several countries, reducing dependence on any single market while creating diversified revenue streams. Its global customer base reflects its ability to meet international quality standards and changing industry requirements.
Quality assurance remains one of the company’s core priorities throughout the manufacturing process. Kusumgar follows stringent testing procedures and continuously upgrades its production capabilities to improve operational efficiency and product reliability. The company’s emphasis on technological advancement has supported the expansion of its product portfolio and strengthened its competitive position within the technical textiles industry.
With a diversified customer base, established manufacturing infrastructure, and continuous investment in innovation, Kusumgar aims to strengthen its market presence across both domestic and international markets. The company remains focused on delivering specialized textile solutions while adapting to evolving customer requirements and industry trends.
Kusumgar Financial Performance
Kusumgar has demonstrated steady financial performance over the past three financial years, supported by growth in its core business operations and consistent demand for its technical textile products. The company’s financial statements indicate improvements in revenue generation, profitability, and overall net worth. The financial information presented below is based on the restated financial statements included in the company’s Red Herring Prospectus.
| Financial Year | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹474.55 Cr | ₹790.21 Cr | ₹711.78 Cr |
| EBITDA | ₹131.85 Cr | ₹188.39 Cr | ₹187.85 Cr |
| EBITDA Margin | 27.78% | 24.18% | 27.15% |
| Profit After Tax (PAT) | ₹84.40 Cr | ₹111.99 Cr | ₹98.20 Cr |
| PAT Margin | 17.78% | 14.17% | 13.80% |
The company’s financial performance highlights its ability to expand operations while maintaining profitability. Growth in revenue has been supported by increasing demand across multiple end-user industries, while improvements in operational efficiency have contributed to stronger earnings. Investors should review the complete financial statements available in the Red Herring Prospectus to better understand the company’s historical performance and financial position.
Objectives of the Kusumgar IPO
Since the Kusumgar IPO was entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. The funds raised through the IPO will be received by the selling shareholders after deducting applicable issue-related expenses. The primary purpose of the public offering is to facilitate the listing of the company’s equity shares on the stock exchanges and provide an opportunity for the existing shareholders to partially monetize their investment.
| Objective | Purpose |
|---|---|
| Offer for Sale | Existing shareholders are selling part of their shareholding through the IPO. |
| Stock Exchange Listing | Enable the company’s equity shares to be listed on BSE and NSE. |
| Liquidity for Shareholders | Provide an exit and liquidity opportunity to the selling shareholders. |
| Broader Investor Participation | Expand the company’s public shareholder base and improve market visibility. |
Company Strengths
Kusumgar Limited has built a strong position in the technical textiles industry through its extensive manufacturing experience, diversified product offerings, and focus on innovation. Some of the key strengths that support the company’s business are outlined below.
- Diverse Technical Textile Portfolio – The company manufactures a broad range of engineered textile products designed for industries such as defence, aerospace, automotive, industrial applications, infrastructure, and outdoor products. Its diversified portfolio helps reduce dependence on any single product category or end-use industry.
- Long-Standing Industry Experience – With decades of operating history, Kusumgar has developed expertise in manufacturing specialized fabrics that meet stringent quality and performance standards. Its experience enables the company to address the evolving requirements of customers across different sectors.
- Advanced Manufacturing Capabilities – The company’s production facilities are equipped with modern machinery and technology that support efficient manufacturing processes and consistent product quality. Continuous investment in technology has strengthened operational efficiency and enhanced production capabilities.
- Strong Customer Relationships – Kusumgar serves a wide customer base comprising domestic and international clients. Long-term business relationships, repeat orders, and customer confidence have contributed to the company’s stable business operations over the years.
- Focus on Innovation and Product Development – Research and development play an important role in the company’s growth strategy. Kusumgar regularly develops new products and customized textile solutions to address changing industry requirements and emerging market opportunities.
- Presence in Domestic and Export Markets – In addition to serving customers across India, the company exports its products to various international markets. This diversified geographical presence helps broaden its revenue base while reducing dependence on a single region.
Risk Factors
Like any public issue, investing in the Kusumgar IPO involves certain risks that prospective investors should carefully evaluate. The company’s Red Herring Prospectus contains detailed information about these and other risk factors.
- Dependence on Industrial Demand – Demand for the company’s products is closely linked to industries such as automotive, aerospace, infrastructure, and industrial manufacturing. Any slowdown in these sectors could affect sales and business growth.
- Volatility in Raw Material Prices – The manufacturing process relies on various raw materials whose prices may fluctuate due to changes in global supply, commodity markets, or currency movements. Rising input costs could impact operating margins if they cannot be passed on to customers.
- Competitive Business Environment – The technical textiles industry includes several domestic and international manufacturers. Sustaining market share requires continuous investment in product quality, technology, pricing, and customer service.
- Export-Related Business Risks – A portion of the company’s revenue is generated from overseas markets. Factors such as changes in international trade policies, foreign exchange fluctuations, geopolitical developments, or global economic conditions may influence export performance.
- Manufacturing and Operational Risks – Any disruption at manufacturing facilities due to equipment breakdowns, labour issues, power shortages, or natural disasters could temporarily affect production schedules and deliveries.
- Regulatory and Compliance Requirements – The company operates in a sector that is subject to various statutory, environmental, and industry-specific regulations. Any changes in the regulatory framework or non-compliance with applicable laws could impact business operations.
FAQs About Kusumgar IPO
What is Kusumgar IPO?
Kusumgar IPO was a Mainboard book-built public issue through which existing shareholders offered a portion of their equity stake to public investors. The issue consisted entirely of an Offer for Sale (OFS), and the company’s shares are listed on BSE and NSE.
What was the price band of the Kusumgar IPO?
The IPO was offered in a price band of ₹398 to ₹419 per equity share.
What was the minimum investment for retail investors?
Retail investors were required to apply for one lot comprising 35 equity shares. At the upper price band of ₹419 per share, the minimum investment amounted to ₹14,665.
How will the IPO proceeds be utilized?
Since the issue was entirely an Offer for Sale, Kusumgar Limited did not receive any proceeds from the IPO. The funds from the offer were received by the selling shareholders after deducting applicable issue expenses.
What business does Kusumgar Limited operate in?
Kusumgar IPO was a Mainboard book-built public issue through which existing shareholders offered a portion of their equity stake to public investors. The issue consisted entirely of an Offer for Sale (OFS), and the company’s shares are listed on BSE and NSE.
Where can investors access the official IPO documents?
The Red Herring Prospectus (RHP), prospectus, and other IPO-related documents are available through the company’s investor relations section as well as the official websites of BSE, NSE, and SEBI.
What business does Kusumgar Limited operate in?
Kusumgar Limited manufactures technical and engineered textile products used across industries such as defence, aerospace, automotive, infrastructure, industrial applications, and outdoor products.
