KUSUMGAR LIMITED

08 Jul 2026 - 10 Jul 2026 Main Board BSE NSE

Min Investment

₹14,665.00

Price Band

₹398-₹419

Issue Size

₹480.51 Cr

Lot Size

35 (per lot)

IPO Dates
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08 Jul 2026

Open Date

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10 Jul 2026

Close Date

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13 Jul 2026

Allotment Date

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15 Jul 2026

Listing Date

Know Before Investing

Strengths icon

  • Operates across multiple technical textile segments, including aerospace, defence, industrial, automotive, and outdoor fabrics.
  • Has integrated manufacturing capabilities covering weaving, coating, lamination, and finishing processes.
  • Develops customised engineered fabric solutions to meet specific customer requirements.
  • Entry barriers in its industry include specialised certifications, regulatory approvals, and long customer qualification cycles.
  • Focuses on research, product development, and introducing new products to support business growth.

Weaknesses icon

  • A large share of revenue comes from the aerospace, defence, industrial, and automotive fabric segments, making the business dependent on these markets.
  • Loss of major customers could significantly impact revenue, as the top 10 customers contributed 59.52% of FY2026 revenue.
  • The company depends on a limited number of suppliers and does not have long-term supply agreements.
  • Most manufacturing facilities are located in Gujarat, exposing operations to regional disruptions.
  • The company generally does not have long-term sales agreements with customers, creating demand uncertainty.

About Kusumgar Limited

Kusumgar Limited is a manufacturer of technical textile fabrics and solutions catering to diverse industrial applications. The company primarily operates across four market segments: Aerospace and Defence Fabrics, Aerospace and Defence Solutions, Industrial and Automotive Fabrics, and Outdoor and Lifestyle Fabrics. Its products are used across defence, aerospace, automotive, industrial, and outdoor applications, with revenue generated mainly from the manufacture and sale of these specialised fabrics and solutions. The company undertakes the complete value chain in-house, from yarn selection and weaving to coating, lamination and finishing, enabling it to manage quality, optimise costs and develop customised products for different customer requirements. It also has coating and lamination capabilities using materials such as polyurethane, thermoplastic polyurethane (TPU), silicone and PTFE to manufacture performance fabrics designed for demanding environments. The company serves a diversified customer base across multiple end-use industries through its specialised technical textile offerings. Discuss on Trading Q&A

IPO Objectives

1. carry out the Offer for Sale of [?] Equity Shares of face value of ? 1 each aggregating up to ?6,500 million by the Promoter Selling Shareholders which constitutes [?]% of the pre-Offer Equity Share capital of the Company; and

2. achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Company Promoters

Sapna Siddharth Kusumgar

Siddharth Yogesh Kusumgar

Siddharth Yogesh Kusumgar Huf

Yogesh Kantilal Kusumgar

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 284.1
Non-Institutional Buyers 165.46
Retail Investors 26.47
Total 476.03
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