Kusumgar Ltd IPO Review 2026: Listing Dates, Allotment, GMP & Overview
Kusumgar Limited is launching its IPO through an Offer for Sale (OFS) aggregating up to ₹650 crore. The company is a leading manufacturer of engineered synthetic fabrics catering to aerospace & defence, industrial, automotive, and outdoor lifestyle applications.
With over three decades of operating history and more than 1,000 fabric variants, the company has established capabilities in woven, coated, and laminated performance fabrics based primarily on polyamide and polyester filaments using polyurethane chemistry.
Refer to RHP for detailed information.
Kusumgar IPO Details
| IPO Opening Date | July 8, 2026 |
|---|---|
| IPO Closing Date | July 10, 2026 |
| Listing Date | July 15, 2026 (Tentative) |
| Issue Type | Book Built Issue |
| Issue Size | ₹650 Crore |
| Issue Structure | Offer for Sale (OFS) Only |
| Price Band | ₹398 to ₹419 per share |
| Face Value | ₹1 per share |
| Lot Size | 35 Shares |
| Minimum Investment | ₹14,665 (1 Lot) |
| Listing Exchange | NSE and BSE |
| Total Issue Size | 1,55,13,126 Shares (₹650 Crore) |
| Offer for Sale | 1,55,13,126 Shares (₹650 Crore) |
| Employee Discount | ₹39 per share |
| Pre-Issue Share Capital | 10,49,91,372 Shares |
| Post-Issue Share Capital | 10,49,91,372 Shares |
| Lead Manager | Axis Capital Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Kusumgar IPO Important Dates
| IPO Opens | July 8, 2026 |
|---|---|
| IPO Closes | July 10, 2026 |
| Basis of Allotment | July 13, 2026 |
| Refund Initiation | July 14, 2026 |
| Credit of Shares | July 14, 2026 |
| Listing Date | July 15, 2026 |
About Kusumgar Limited
Founded in 1990, Kusumgar Limited specializes in manufacturing engineered synthetic fabrics including woven, coated, and laminated technical textiles. The company's products are primarily manufactured using polyamide and polyester filaments combined with polyurethane chemistry to create high-performance materials.
Over the years, the company has developed more than 1,000 unique stock-keeping units (SKUs), serving demanding applications across defence, aerospace, automotive, industrial, and outdoor performance markets.
Kusumgar has increasingly expanded into value-added aerospace and military solutions including parachute systems, stealth materials, camouflage systems, and rapid deployment solutions, strengthening its position in India's growing defence manufacturing ecosystem.
As of March 31, 2026, the company employed 2,077 personnel across manufacturing, engineering, product development, quality assurance, and business operations.
Business Segments
- Aerospace & Defence Fabrics: Parachute fabrics, tactical gear materials, stealth fabrics, camouflage systems and specialty military applications.
- Aerospace & Defence Solutions: Complete parachute systems, deployable shelters, camouflage nets and maintenance services.
- Industrial & Automotive Fabrics: Technical textiles for tapes, inflatables, automotive applications and mechanical rubber goods.
- Outdoor & Lifestyle Fabrics: Fabrics for activewear, rainwear, winter wear, luggage, backpacks, tents and sleeping bags.
Competitive Strengths
- Over three decades of experience in engineered fabrics manufacturing.
- Portfolio of more than 1,000 specialized fabric SKUs.
- Strong presence across aerospace and defence applications.
- Diversified end-user industries reducing concentration risk.
- Growing presence in high-margin defence solutions segment.
- Integrated manufacturing and technical expertise.
- Large workforce supporting manufacturing scale and innovation.
Risk Factors
- Dependence on government and defence procurement cycles.
- Raw material price fluctuations may impact margins.
- High competition from domestic and international technical textile manufacturers.
- Execution risks associated with defence and aerospace projects.
- Changes in government policies could affect order inflows.
Objects of the Issue
As the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the issue. The selling shareholders will receive the proceeds after deducting issue-related expenses and taxes.
Disclaimer: This content is for educational and informational purposes only and should not be construed as investment advice, recommendation, or solicitation to invest in securities. Investors are advised to read the RHP and consult their financial advisors before making investment decisions.
IPO Allotment & Application Status
Registrar: Bigshare Services Pvt.Ltd.
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs)
What are the Kusumgar IPO dates?
Kusumgar IPO opens on July 8, 2026 and closes on July 10, 2026. The tentative listing date is July 15, 2026.
What is the price band of Kusumgar IPO?
The price band for Kusumgar IPO has been fixed at ₹398 to ₹419 per equity share.
What is the lot size of Kusumgar IPO?
The minimum application lot size is 35 shares, requiring an investment of ₹14,665 at the upper price band.
Is Kusumgar IPO a fresh issue or OFS?
Kusumgar IPO is entirely an Offer for Sale (OFS) of 1.55 crore shares aggregating to ₹650 crore. The company will not receive proceeds from the issue.
What does Kusumgar Limited do?
Kusumgar manufactures engineered synthetic fabrics and technical textiles used in aerospace, defence, automotive, industrial, and outdoor lifestyle applications.
Who is the registrar of Kusumgar IPO?
Bigshare Services Pvt. Ltd. is the registrar to the Kusumgar IPO.
Who is the lead manager of Kusumgar IPO?
Axis Capital Ltd. is acting as the Book Running Lead Manager for the issue.
How many employees does Kusumgar have?
As of March 31, 2026, Kusumgar had a workforce of 2,077 employees across various business functions.
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