Kusumgar launched its Rs 650 crore initial public offering (IPO) on July 8, 2026. The Mumbai-based company is a specialist in the engineered fabric industry.
The company focuses heavily on bespoke, engineered textiles that must withstand demanding environments. It supplies fabrics and end-user solutions for military parachutes, zero-porosity fabrics, multi-spectral camouflage nets, and rapid deployment systems. Kusumgar holds the "National Award for Indigenisation" for developing nuclear, biological, and chemical (NBC) warfare clothing for the Government of India
The current grey market premium for the Kusumgar IPO suggests a strong listing gain, with the unlisted shares trading at Rs 585 in the private market
Here's all you need to know about the Kusumgar IPO including the latest GMP, price band, offer size, subscription status and important dates.
Kusumgar IPO GMP Today
According to InvestorGain, the GMP for the Kusumgar IPO stood at Rs 166 on July 8. It indicates a listing price of Rs 585 apiece at a premium of 39.62% on the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
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Kusumgar IPO: Price Band, Offer Size, Lot Size And Subscription Status
The Kusumgar IPO is a book-build issue of Rs 650 crore. It comprises an offer-for-sale (OFS) of 1.55 crore shares.
The price band for the IPO is set between Rs 398 and Rs 419 per share.
To participate in the IPO, retail investors must bid for a single lot of 35 shares, which requires an investment of Rs 14,665. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,05,310. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 69 lots. It will lead to an investment of Rs 10,11,885.
The IPO was booked 0.47 times as of 11:15 a.m. on Thursday, as per NSE data.
Axis Capital Ltd. is the book-running lead manager and Bigshare Services Ltd. is the registrar of the issue.
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Kusumgar IPO: Important Dates
The IPO subscription window will be open from July 8 to July 10, with the share allotment expected to be finalised on July 13. The company will transfer shares to the demat accounts of successful bidders on July 14 and refunds for non-allottees will be made on the same day.
The shares of the company are scheduled to list on the BSE and NSE on July 15.
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Use Of Proceeds
No fresh capital will be infused into the business as the issue is being conducted entirely through an Offer for Sale. It expects the listing to raise its public profile while allowing current shareholders to unlock value through improved liquidity.
About Kusumgar
Kusumgar is engaged in the manufacture of engineered fabrics comprising woven, coated and laminated synthetic materials. Leveraging expertise in polyamide and polyester filaments as well as polyurethane chemistry, the company develops solutions tailored to customers with special performance needs.
Financials
The company reported a 12.31% year-on-year (YoY) decline in profit for the year to Rs 98.2 crore in FY26 from Rs 111.99 crore in FY25. Revenue from operations fell 11.17% YoY to Rs 692 crore in FY26 from Rs 778.99 crore in FY25.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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