The Kusumgar IPO has opened for public subscription today, July 8, and investors can apply until July 10.
The engineered fabrics manufacturer plans to raise ₹650 crore through the public issue.
Before investing, here’s everything you need to know about the IPO, including its price band, business, financial performance, and listing schedule.
Kusumgar IPO: Price Band and Lot Size
Kusumgar has fixed the IPO price band at ₹398 to ₹419 per share.
Retail investors must apply for a minimum of 35 shares, and applications can be made in multiples of 35 shares after that.
The entire IPO is an Offer for Sale (OFS) of 1,55,13,126 equity shares.
Since no new shares are being issued, the company itself will not receive any money from the IPO.
The proceeds will go to the existing shareholders selling their stake.
IPO Reservation and Anchor Investors
The IPO has been divided into different investor categories:
Qualified Institutional Buyers (QIBs): 50%
Non-Institutional Investors (NIIs): 15%
Retail Investors: 35%
Ahead of the IPO opening, Kusumgar raised ₹193.95 crore from anchor investors by allotting over 46.28 lakh shares at ₹419 per share.
Some of the major anchor investors include BlackRock, Goldman Sachs, SBI Mutual Fund, Axis Mutual Fund, ICICI Mutual Fund, Bandhan Mutual Fund, WhiteOak Capital, Mirae Asset Mutual Fund, and several others.
Company Business and Financial Performance
Founded in 1990 and based in Mumbai, Kusumgar manufactures woven, coated, and laminated synthetic fabrics, also known as engineered fabrics.
Its products are used across several industries, including aerospace and defence, automotive, industrial applications, and outdoor and lifestyle products.
As of March 31, 2026, the company had developed more than 1,000 fabric varieties (SKUs).
For the financial year ended March 31, 2026, the company reported a net profit of ₹98.20 crore and revenue of ₹711.78 crore.
In the previous financial year, Kusumgar posted a net profit of ₹111.99 crore on revenue of ₹790.21 crore.
At the upper end of the price band, the company is valued at around ₹4,400 crore.
IPO Timeline and Listing Date
The IPO is being managed by Axis Capital, Motilal Oswal Investment Advisors, and IIFL Capital Services, while Bigshare Services is the registrar to the issue.
Kusumgar shares are proposed to be listed on both the BSE and NSE, with the tentative listing date set for July 16.
