Summary of this article
Kusumgar IPO opens for subscription from July 8-10.
Price band set between Rs 398 and 419.
Public issue is an offer for sale only.
Kusumgar's initial public offering (IPO) is scheduled to open for subscription on July 8. The subscription window will close on July 10.
Ahead of the opening of the bidding window, here is a look at some of the key details of the company's public issue, which investors should know before applying:
Kusumgar IPO: Price Band and Lot Size
The price band for the Kusumgar IPO has been fixed in the range of Rs 398 to Rs 419 per share. Retail investors can apply for the issue by bidding for a minimum of 35 shares or 1 lot, totalling an investment of Rs 14,665 at the upper end of the price band.On the other hand, High Net worth Individuals (HNIs) can place bids by applying for a minimum of 14 lots or 490 shares amounting to Rs 2.05 lakh for the small HNI category, and 69 lots or 2415 shares for the big HNI category, amounting to Rs 10.11 lakh.
Kusumgar IPO: Offer Size and Selling Shareholders
Kusumgar plans to raise Rs 650 crore through its share sale. The company's public offering is entirely an offer for sale of 15.5 million shares aggregating up to Rs 650 crore. There is no fresh issue portion in this public issue. Thus, promoter selling shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF are paring their shares. The promoters hold 90.48 per cent stake in the company.
Kusumgar IPO: Key Financials
Kusumgar posted a total income of Rs 711.78 crore for the fiscal year ended March 31, 2026, decreasing by nearly 10 per cent from Rs 790.21 crore in the fiscal year ended March 31, 2025. The company’s net profit narrowed by 12 per cent to Rs 98.2 crore in FY26 compared to Rs 111.99 crore in the preceding fiscal. The net worth of the fabric maker declined by over 95 per cent to Rs 502.95 crore compared to Rs 257.75 crore in the preceding fiscal.
Kusumgar: Business Model
The company is a maker of woven, coated and laminated synthetic fabrics, which are also called engineered fabrics. The company makes over 1,000 unique fabric configurations (referred to as stock keeping units as of March 31, 2026. The fabrics made by companies are used across industries such as aerospace and defence fabrics, aerospace and defence solutions, industrial and automotive fabrics and outdoor and lifestyle fabrics. In FY26, the company generated 60.01 per cent of its revenue from within India and 39.99 per cent from outside India.
Kusumgar: Competitors
The company mentioned in its Red Herring Prospectus (RHP) that it operates in a competitive market and faces competition from organised and unorganised engineered fabric manufacturers in India and overseas. The company’s listed peers include Garware Technical Fibres, Arvind and SRF.
Kusumgar IPO: Should You Apply?
Ahead of the opening of the bidding window later this week, investors who are interested in investing in the IPO should know the key strengths and risks related to the company's public issue:Kusumgar Limited: Key Risks
The company derived 31.67 per cent, 24.43 per cent and 22.97 per cent of its revenue from contracts with customers for FY 2026 from its Aerospace and Defence Fabrics, Industrial and Automotive Fabrics, and Aerospace and Defence Solutions market segments, respectively, making it very dependent on these sectors.
All six of the company's manufacturing facilities are located in the state of Gujarat, exposing its operations to geographic concentration risks.
The company is exposed to customer concentration risks, with the top customer and top 10 customers contributing 11.13 per cent and 59.52 per cent, respectively, of revenue from contracts with customers for FY26.
Kusumgar: Key Strengths
The company operates in a market with high entry barriers.
The fabric manufacturer claims to have the technical capabilities to develop and supply unique solutions.
The company has a diversified presence across multiple end-use segments and maintains long-standing relationships with key customers.
Kusumgar IPO: Objective
The company proposes to utilise the net proceeds to carry out the offer for sale of equity shares aggregating up to Rs 650 crore by the promoter selling shareholders. The company will not receive any proceeds from the Offer for Sale.
