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BSE, NSE
Kusumgar Ltd
Listed
Incorporated in 1990, Kusumgar Ltd is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics.
Issue details
Price band
₹398 – ₹419
Face value
₹1
Lot size
35 shares
Minimum investment
₹14,665
Issue size
₹650.00 Cr
Fresh issue
—
Offer for sale
₹650.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
8 Jul 2026
Closes
10 Jul 2026
UPI mandate cut-off
5:00 PM on 10 Jul 2026
Allotment
13 Jul 2026
Refunds
14 Jul 2026
Shares in demat
14 Jul 2026
Listing
15 Jul 2026
Subscription and listing
Subscription
94.75x
Listing price
₹569
Registrar
Bigshare Services Pvt Ltd
Lead manager
Axis Capital, IIFL Capital Services, Motilal Oswal Investment Advisors
Subscription by category
Total
94.75x
Total applications
35,79,759
Anchor investors
Amount raised
₹193.95 Cr
Bid date
7 Jul 2026
50% lock-in ends
12 Aug 2026
Rest lock-in ends
10 Oct 2026
Listing day
Issue price
₹419
Open
₹569.00
High
₹625.90
Low
₹568.15
Day close
₹602.80
Listing gain at open
+35.80%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
77,14,796
49.70%
Anchor Investor Shares Offered
46,28,877
29.82%
QIB (Ex. Anchor) Shares Offered
30,85,919
19.88%
NII Shares Offered
23,14,439
14.91%
bNII > ₹10L
15,42,960
9.94%
sNII < ₹10L
7,71,479
4.97%
Retail Shares Offered
54,00,358
34.79%
Employee Shares Offered
92,105
0.59%
Total Shares Offered
1,55,21,698
100.00%
Finaccle’s quick read
Avoid
FY26 income down 10%, PAT down 12%, ROE 25.82%, D/E 0.44, post-issue P/E 44.8x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 1990, Kusumgar Ltd is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics. Its products are based mainly on polyamide and polyester filaments, using polyurethane chemistry. As of March 31, 2026, it has developed over 1,000 unique fabric types (SKUs), building a strong position in the synthetic functional and performance fabric space. Its products serve a wide range of industries, including aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
25.82%
ROCE
24.76%
Debt / equity
0.44
PAT margin
13.80%
P/E post issue
44.8
Market cap
₹4,399.14 Cr
Use of IPO money
Strengths
✓
PAT margin of 13.80%
✓
ROE of 25.82% and ROCE of 24.76%
✓
Moderate leverage: debt to equity 0.44
Risks to watch
!
Revenue fell 10% in FY26
!
PAT fell 12% in FY26
!
Entire issue is an offer for sale; company gets no fresh money
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.