Kusumgar IPO- Company Analysis
Kusumgar IPO under the Mainboard IPO category is a book-build issue of Rs. 650 Cr by Kusumgar Limited, and is a manufacturer of engineered fabrics, which are synthetic materials that are woven, coated, and laminated. Its products use polyurethane chemistry and are mostly based on polyamide and polyester fibers.
It has created more than 1,000 distinct fabric kinds (SKUs) as of March 31, 2026, solidifying its leadership in the market for synthetic functional and performance fabrics. Its goods are used in a variety of industries, such as outdoor and leisure, industrial and automotive, and aerospace and defense.
Business divisions:
-
Defense and Aerospace Fabrics
-
Defense and Aerospace Solutions
-
Automotive and Industrial Textiles
-
Lifestyle and Outdoor Textiles
Kusumgar IPO Details
The Kusumgar IPO date of opening is 08 Jul 2026; its initial public offering will end on 10 Jul, IPO allotment on Jul 13 and refund initiation on Jul 14, 2026.
The Rs. 650 crore new Mainboard IPO comprises a wholly offer for sale (OFS) of 1.55 crore Shares.
The Kusumgar IPO listing date (expected) might be on Wednesday, Jul 15, 2026, and listing on the BSE and NSE.
The Kusumgar IPO price band is Rs. 398 to Rs. 419.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 08, 2026 |
|
IPO Closing Date |
Jul 10, 2026 |
|
IPO Allotment Date |
Jul 13, 2026 |
|
Refund Initiation |
Jul 14, 2026 |
|
IPO Listing Date |
Jul 15, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
491.05 |
247.60 |
138.37 |
|
Borrowings |
223.58 |
246.50 |
76.53 |
Cash Flows
(Amount in Mn)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
282.58 |
(1,549.76) |
2,009.64 |
|
Net Cash Flow Investing Activities |
(1,026.59) |
20.62 |
(1,995.80) |
|
Net Cash Flow Financing Activities |
697.47 |
1,507.49 |
211.84 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
-
The issue is OFS.
Listed Peers of Kusumgar Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Arvind Limited |
10 |
15.80 |
32.72 |
|
SRF Limited |
10 |
61.91 |
43.77 |
Valuation
|
KPI |
Value |
|
ROE |
25.82% |
|
ROCE |
24.76% |
|
Debt/Equity |
0.44 |
|
RoNW |
25.82% |
|
PAT Margin |
13.80% |
|
EBITDA Margin |
27.15% |
|
PB Value |
8.45 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 9.68 from the last year, the resulting P/E ratio is 43.28x.
Explore the Amba Auto Sales & Services IPO.
IPO's Strengths
-
Operates in a market with significant entry barriers
-
Strong technological skills to create and provide original solutions
-
Diverse presence in several end-use categories
-
Long-standing connections with important clients.
IPO's Weaknesses
-
Raw Material Supply & Price Risk.
-
Changing Customer Requirements.
-
Intellectual Property Risk.
Kusumgar IPO GMP (Grey Market Premium)
Kusumgar IPO GMP today is Rs. 141 as of 04 July 2026, while writing this information.
Kusumgar IPO Summary
|
IPO Opening & Closing Date |
08 Jul, 2026 to 10 Jul, 2026 |
|
Face Value |
Rs. 1 per Share |
|
Issue Price |
Rs. 398 to Rs. 419 per Share. |
|
Lot Size |
35 Shares |
|
Issue Size |
1,55,13,126 Shares (Rs. 650 Cr) |
|
Offer for Sale |
1,55,13,126 Shares (Rs. 650 Cr) |
|
Fresh Issue |
- |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
HNI (Min) |
14 Lots |
Kusumgar IPO Allotment Status
To check the Kusumgar IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Kusumgar Ltd.
-
Yogesh Kantilal Kusumgar
-
Siddharth Yogesh Kusumgar
-
Sapna Siddharth Kusumgar
-
Siddharth Yogesh Kusumgar (HUF)
|
Pre-Issue Promoter Shareholding |
90.48% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
Axis Capital Ltd.
Dividend Policy
The company has not paid a Dividend during the last three FYs.
Conclusion
Kusumgar IPO presents an opportunity to invest in a leading engineered fabrics manufacturer with strong presence across defense, aerospace, automotive, industrial, lifestyle, and outdoor textile segments.
With consistent profitability, healthy margins, and strong return ratios, the company shows solid financial performance, though investors should consider OFS structure, valuation, raw material risks, and market volatility before applying.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
