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Kusumgar IPO
Price Band
₹398.0–419.0
Issue Size
₹650.0 Cr
Lot Size
35 shares
Min Investment
₹14,665
GMP
+₹161.0 (38.42%)
Issue Price
₹419.0
Kusumgar IPO AI Summary
- Kusumgar IPO is listed on BSE, NSE in the Commodity Chemicals sector.
- Price band: ₹398.0–₹419.0 per share, lot size 35 shares (min. investment ₹14,665).
- Subscription window: 08 Jul–10 Jul 2026, listing on 15 Jul 2026.
- Current GMP is +₹161.0 (38.42%), an estimated listing price of ₹580 — unofficial and can change daily.
Kusumgar Ltd is a well-established player in the engineered fabrics market, with a diverse product range serving multiple industries. The company has shown growth in total income and profit over the past few years, although the most recent fiscal year figures indicate a decline in revenue. The IPO is highly subscribed, reflecting strong investor interest.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
135.80x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
299.51x
|
300x 🔥 |
| NII (HNI) |
174.28x
|
174x 🔥 |
| ↳ bNII (>₹10L) |
189.40x
|
189x 🔥 |
| ↳ sNII (<₹10L) |
144.05x
|
144x 🔥 |
| Retail (RII) |
27.97x
|
28x ✓ |
| Employee |
11.09x
|
11x ✓ |
| Total | 135.80x | 135.80x |
Auto-updated every 5 min · As of 10th Jul 2026 18:56
Kusumgar IPO Grey Market Premium (GMP) Today
GMP
+₹161.0
GMP %
+38.42%
Est. Listing
₹580.0
Updated: 15 Jul 2026 09:17
GMP Trend (Last 6 Days)
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, 2025, 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. In recent years, the company has also expanded into finished products for aerospace and military use, such as parachute systems, stealth materials, and rapid deployment systems. Business segments: Aerospace and Defence Fabrics: Create high-performance fabrics that meet strict aerospace and defence standards. These include materials for parachutes, tactical clothing, specialty gear, stealth systems, and rapid deployment systems. Aerospace and Defence Solutions: The company now also manufacture complete products like parachute systems, camouflage nets, and deployable shelters. We also offer maintenance and repair services for some customers. Industrial and Automotive Fabrics: It make fabrics for various industrial uses, including automotive. Its product lines include fabrics for tapes, custom applications, mechanical rubber goods (MRG), and inflatables. Outdoor and Lifestyle Fabrics: The company supplies performance fabrics for global activewear and gear markets. Its fabrics are used in athleisure, rainwear, winter wear, backpacks, luggage, tents, and sleeping bags. Segment-wise Revenue: In FY 2025, 48.06% of revenue was derived from Aerospace and Defence Fabrics, followed by Aerospace and Defence Solution with 28.81% contribution, Industrial and Automotive Fabrics 14.63%, Outdoor and Lifestyle Fabrics 7.39%, and others contributing 1.11%. Manufacturing facility: Six manufacturing facilities in Gujarat, India and one fabrication unit in Uttar Pradesh, India. As of March 31, 2025, it has a total workforce of 1,712 employees with 1,082 permanent employees. Competitive Strengths Operates in & high entry barriers market Strong technical capabilities to develop and supply unique solutions Diversified presence across multiple end-use segment Long-standing relationships with key customer Experienced and visionary Promoters supported by a professional management team
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 and Surplus | 491.05 | 247.60 | 138.37 |
| Total Borrowing | 223.58 | 246.50 | 76.53 |
Key Ratios
EPS
₹9.35
NAV
₹49.56
ROE
25.82%
ROCE
24.76%
RoNW
25.82%
P/B Value
8.45
P/E Ratio
44.8
Market Cap
₹4399.14 Cr
PAT Margin
13.80%
Debt/Equity
0.44
Promoters
Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar (HUF)
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹474.55 Cr in the year ending 31 Mar 2024, increasing to ₹790.21 Cr by 31 Mar 2025, before declining to ₹711.78 Cr in the year ending 31 Mar 2026. This latter figure, however, is from a 12-month period and not directly comparable to the prior year's total income.
Profit Trend
Profit after tax was ₹84.40 Cr for the year ending 31 Mar 2024, rising to ₹111.99 Cr by 31 Mar 2025, before decreasing to ₹98.20 Cr in the year ending 31 Mar 2026. Similar to revenue, the most recent figure is from a full fiscal year.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is a measure of the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP indicates that the IPO is expected to list at a higher price than its issue price, while a negative GMP suggests the opposite.
Subscription Demand
As of 10th July 2026, the IPO was subscribed 135.8 times overall. The institutional category saw significant interest, with Qualified Institutional Buyers (QIBs) subscribing 299.51 times and Non-Institutional Investors (NIIs) subscribing 174.28 times. Retail investors subscribed 27.97 times, indicating strong demand across all categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals, market position, and growth prospects.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO is set to open on July 8, 2026, and will close on July 10, 2026. Allotment of shares is expected to be finalized by July 13, 2026, with the listing date scheduled for July 15, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be aware that listing-day prices can fluctuate significantly.
This evaluation is generated from Kusumgar's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kusumgar IPO GMP today?
Kusumgar IPO GMP today is +₹161.0 (38.42%), indicating an estimated listing price of ₹580. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Kusumgar IPO?
The price band of Kusumgar IPO is ₹398.0–₹419.0 per share.
When does Kusumgar IPO open and close?
Kusumgar IPO opens on 08 July 2026 and closes on 10 July 2026.
When does Kusumgar IPO list on the stock exchange?
Kusumgar IPO listed on 15 July 2026 at ₹580.0.
What is the lot size for Kusumgar IPO?
The lot size for Kusumgar IPO is 35 shares, requiring a minimum investment of ₹14,665.
What is the price band for the Kusumgar IPO?
The price band for the Kusumgar IPO is ₹398.0 to ₹419.0.
What is the minimum investment required?
The minimum investment required is ₹14,665.0.
What is the lot size for the Kusumgar IPO?
The lot size for the Kusumgar IPO is 35 shares.
When is the listing date for the IPO?
The listing date for the IPO is July 15, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading before its official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Jul 2026
Close
10 Jul 2026
Allotment
13 Jul 2026
Listing
15 Jul 2026
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