KUSUMGAR LIMITED
(L–R) Ms. Sapna Kusumgar, Joint Managing Director, Mr. Siddharth Kusumgar, CMD and Mr. Ankur Kothari, ED & CEO at the IPO press conference of Kusumgar Ltd in Mumbai / GPN – 03/07/2026
MUMBAI, NATIONAL, 3 JULY, 2026, GPN/ NEWSMAN SACHIN: Kusumgar Limited has fixed the price band of Rs 398/- to Rs 419/- per Equity Share of face value Re 1/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on 08 July, 2026 for subscription and close on 10 July, 2026.
Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
Equity shares outstanding as on date 104,991,372 Equity Shares of Re 1 each.
The IPO is an offer-for-sale (OFS) for Rs 650 crore.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
The company has reserved shares worth Rs 3.5 crore for its eligible employees, who will receive them at a discount of Rs 39 per share to the final issue price.
Its revenue from operations was Rs 692 crore in FY26 as against Rs 467.9 crore during FY24.
Its net profit was Rs 98.2 crore for FY26 as against Rs 84.3 crore during FY24.
Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book running lead managers, and Bigshare Services Private Limited is the registrar of the offer.
The equity shares are proposed to be listed on BSE and NSE.
About the Company
Incorporated in 1990, the company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. The company offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers.
The company’s expertise is in manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, air permeability, and water proofing, among others. The company has leveraged its process knowledge and product development expertise to manufacture over 1,000 unique fabric configurations (referred to as stock keeping units, or SKUs) as at March 31, 2026, to build a niche for synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
The company’s vertically integrated manufacturing operations, including preparatory, weaving, dyeing, printing, finishing, coating, lamination, and fabrication, are supported by modern infrastructure, advanced technology and research and development (R&D) capabilities. It has six manufacturing facilities, in Gujarat, and one fabrication unit in Uttar Pradesh. Its integrated set up allows it greater control over quality and delivery.
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