Kusumgar IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 474.55 | 790.21 | 711.78 |
| Expense | 359.48 | 639.43 | 576.82 |
| Profit (PAT) | 84.40 | 111.99 | 98.20 |
| Total Assets | 584.74 | 632.40 | 905.07 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Garware Technical Fibres Limited | 20.01 | 39.80 | 15.29 | 136.44 | 1,528.79 Cr |
| Arvind Limited | 15.80 | 32.72 | 10.91 | 154.47 | 9,303.19 Cr |
| SRF Limited | 61.91 | 43.77 | 13.76 | 473.74 | 15,786.51 Cr |
Promoters: Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 10,49,91,372 | 90.48% |
Strengths & Risks
- Heavily oversubscribed — 135.7x overall (so far).
- Strong institutional (QIB) demand — 299.5x.
- Solid profit margin — 13.8%.
- Strong return on equity — 26%.
- Revenue fell 10% in the latest reported year.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Kusumgar Limited, founded in 1990, is one of the leading manufacturers of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. Its fabrics are made using polyamide and polyester filaments using polyurethane technology. The firm has developed over 100 types of fabrics as of March 2025, building a strong reputation in the synthetic fabric space. Its products serve a wide range of industries, such as aerospace, defence, industrial, automotive, outdoor, and lifestyle. Moreover, the firm also recently expanded into the military and aerospace sectors with parachute systems, stealth materials, and rapid deployment systems. Kusumgar’s main aim is to design fabrics that stay intact in critical conditions like high strength, tear resistance, durability, comfort, air flow, and waterproof protection, among others.
Kusumgar Ltd., 101, Manjushree, V.M. Road,, Corner of N.S. Road No. 5, JVPD Scheme, Vile Parle (West),, Mumbai, Maharashtra, 400056
| Purpose | Amount (Cr) |
|---|---|
| Carry out the Offer for Sale of [●] Equity Shares of face value of Rs 1 each, aggregating up to Rs 6,500 million by the Promoter Selling Shareholders | - |
| Achieve the benefits of listing the Equity Shares on the Stock Exchanges | - |
Resources & Documents
Kusumgar has set a price band of Rs 398–Rs 419 per share for an issue size of Rs 650 crore. The stock listed with a 35.80% gain versus its issue price on July 15, 2026.
Kusumgar Limited, founded in 1990, is one of the leading manufacturers of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. Its fabrics are made using polyamide and polyester filaments using polyurethane technology.
The issue is promoted by Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF with Axis Capital Ltd., IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards Carry out the Offer for Sale of [●] Equity Shares of face value of Rs 1 each, aggregating up to Rs 6,500 million by the… and Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
On fundamentals, the company is posting revenue growth of -9.9%, a profit margin of 13.8%, return on equity of 25.8% in its most recent reported period. Listed peers in this segment include Garware Technical Fibres Limited (P/E 39.80x) and Arvind Limited (P/E 32.72x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Kusumgar IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Kusumgar GMP history and trend, or learn how grey market premium works and how reliable it is.
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