Kusumgar IPO
Kusumgar Limited, founded in 1990, is one of the leading manufacturers of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. Its fabrics are made using polyamide and polyester filaments using polyurethane technology.
IPO GMP
+₹161
+38% expected gain
Price Band
₹398 - ₹419
Lot Size
35 shares
Min Investment
₹14,665
Listing Date
July 15, 2026
About Kusumgar
Company overview, business, and key facts.
Kusumgar Limited, founded in 1990, is one of the leading manufacturers of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. Its fabrics are made using polyamide and polyester filaments using polyurethane technology.
The firm has developed over 100 types of fabrics as of March 2025, building a strong reputation in the synthetic fabric space. Its products serve a wide range of industries, such as aerospace, defence, industrial, automotive, outdoor, and lifestyle. Moreover, the firm also recently expanded into the military and aerospace sectors with parachute systems, stealth materials, and rapid deployment systems. Kusumgar’s main aim is to design fabrics that stay intact in critical conditions like high strength, tear resistance, durability, comfort, air flow, and waterproof protection, among others.
Founded
1990
Headquarters
Mumbai, Maharashtra
Promoters
Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, Siddharth Yogesh Kusumgar HUF
Website
https://www.kusumgar.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Higher Entry Barriers: Works with highly engineered fabrics requiring high technical expertise, longer approval periods, customized solutions, and complex manufacturing techniques.
- High Technical Expertise: Skilled in high performance man-made fabrics and related processes such as fine denier fabrics, Nylon 6 & Nylon 66 manufacturing, coating, laminating, and manufacturing.
- Partnerships: Strong ties with government and international clients help gain technology, develop products, and generate repeat business.
Risks
- Supply & Price Risk of Raw Materials: The company does not have any long-term agreements with suppliers. Any shortage of supply or rise in price level of raw materials would affect their operations and profitability.
- Customers’ Changing Needs: The failure to adjust to changing customer needs and requirements would affect product demand and future growth.
- Intellectual Property Risk: Intellectual property and technical knowledge forms the core strength of the company. Any breach of confidentiality could undermine its competitive advantage.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Kusumgar IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
-9.9%
22.5% a year over the period
Profit growth, 2026
-12.3%
7.9% a year over the period
Profit margin (PAT)
13.8%
EBITDA margin 27.15%
ROE / ROCE
25.82% / 24.76%
As published in the offer document
Debt to equity
0.93
GMP-implied gain per lot
₹5,635
35 shares on ₹14,665. GMP is unofficial.
Watch-outs
- Revenue fell 9.9% in 2026.
- Profit fell 12.3% in 2026.
- 2 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: fresh issue vs offer for sale split, post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of Kusumgar's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Kusumgar IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Kusumgar IPO is trading at a grey market premium (GMP) of +₹161 (+38% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 127.89x overall — QIB: 284.1x, NII: 164.57x, Retail: 24.94x.
Kusumgar IPO subscription has closed. The shares are expected to list on July 15, 2026.
The minimum investment required is ₹14,665 for 35 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Higher Entry Barriers: Works with highly engineered fabrics requiring high technical expertise, longer approval periods, customized solutions, and complex manufacturing techniques.; High Technical Expertise: Skilled in high performance man-made fabrics and related processes such as fine denier fabrics, Nylon 6 & Nylon 66 manufacturing, coating, laminating, and manufacturing.. Investors should note the following risks: Supply & Price Risk of Raw Materials: The company does not have any long-term agreements with suppliers. Any shortage of supply or rise in price level of raw materials would affect their operations and profitability.; Customers’ Changing Needs: The failure to adjust to changing customer needs and requirements would affect product demand and future growth..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Kusumgar IPO — Frequently Asked Questions
What is Kusumgar IPO GMP today?
Kusumgar IPO GMP (grey market premium) today is +₹161, suggesting an estimated listing gain of +38%. GMP is indicative and subject to change.
What is the price band of Kusumgar IPO?
The price band for Kusumgar IPO is ₹398 - ₹419 with a lot size of 35 shares. The minimum investment required is ₹14,665.
When is Kusumgar IPO allotment date?
Kusumgar IPO allotment is expected to be finalised on July 13, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt. Ltd.) using your PAN number.
When will Kusumgar IPO list on NSE/BSE?
Kusumgar IPO is expected to list on BSE, NSE on July 15, 2026.
How to check Kusumgar IPO allotment status?
To check Kusumgar IPO allotment status, visit the registrar's website (Bigshare Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Kusumgar IPO?
Kusumgar IPO is showing a strong GMP of +₹161 (+38%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Kusumgar IPO?
The lot size for Kusumgar IPO is 35 shares per lot. The minimum investment for retail investors is ₹14,665. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.