Kusumgar IPO Description – Kusumgar is a manufacturer of woven, coated and laminated synthetic engineered fabrics, with a strategic focus on high-performance applications requiring precision manufacturing and advanced technical know-how. Its offerings are centred on polyamide and polyester filaments combined with polyurethane chemistry, delivering fabrics with critical performance attributes such as tensile and tear strength, abrasion resistance, air permeability, comfort and waterproofing. As of 31 March 2025, the company had developed over 1,000 unique engineered fabric SKUs, creating a strong niche in functional and performance textiles.
The business addresses four high-entry-barrier segments: Aerospace and Defence Fabrics, Aerospace and Defence Solutions, Industrial and Automotive Fabrics, and Outdoor and Lifestyle Fabrics. Kusumgar operates a vertically integrated manufacturing model, encompassing preparatory processes, weaving, dyeing, printing, finishing, coating, lamination and fabrication. Its infrastructure includes six manufacturing facilities in Gujarat and a fabrication unit in Uttar Pradesh, enabling strong control over quality, delivery timelines and cost efficiencies. While India accounts for about 77% of revenues in Fiscal 2025, exports remain a meaningful contributor at over 23%.
Backed by experienced promoters with over two decades of domain expertise, long product approval cycles, customised solutions and life-critical applications, the company is well positioned to benefit from global supply chain diversification, defence modernisation and growing demand for engineered performance fabrics across end-use sectors. As of 31 March 2025, the company had 27 employees.
Promoters of Kusumgar – Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar HUF
Kusumgar IPO Details
| Kusumgar IPO Dates | Coming soon |
| Kusumgar Issue Price | Coming soon |
| Fresh issue | Coming soon |
| Offer For Sale | INR 650 crore |
| Total IPO size | INR 650 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Kusumgar Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 301.65 | 467.91 | 779.00 |
| Expenses | 254.44 | 359.48 | 639.43 |
| Net income | 37.22 | 84.40 | 111.99 |
| Margin (%) | 12.33 | 18.04 | 14.38 |
Kusumgar Offer News
Kusumgar Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 3.67 | 8.32 | 10.81 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 100.61 | 86.13 | 56.26 |
| NAV | 2,794.64 | 7,053.22 | 25.40 |
| ROCE (%) | 64.81 | 55.87 | 42.89 |
| EBITDA (%) | 22.50 | 28.18 | 24.18 |
| Debt/Equity | 0.39 | 0.00 | 0.44 |
Kusumgar IPO GMP Today (Daily Trend)
Kusumgar IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Kusumgar – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Kusumgar | – | 10.81 | 56.26 | 25.40 | 779.00 |
| Garware Technical | 32.86 | 23.32 | 18.71 | 125.08 | 1,540.11 |
| Arvind Limited | 21.91 | 13.49 | 9.81 | 144.61 | 8,328.81 |
| SRF Limited | 68.42 | 42.20 | 10.38 | 425.95 | 14,693.07 |
Kusumgar IPO Allotment Status
Kusumgar IPO allotment status will be available on the Bigshare Services Private Limited website. Click on this link to get the allotment status.
Kusumgar IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Kusumgar IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Kusumgar IPO Reviews – Subscribe or Avoid?
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Kusumgar IPO Lead Manager
AXIS CAPITAL LIMITED
Axis House, 1st Floor, Pandurang Budhkar Marg
Worli, Mumbai – 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: [email protected]
Website: www.axiscapital.co.in
Kusumgar Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2 6th Floor, Pinnacle Business Park,
Mahakali Caves Rd, next to Ahura Centre,
Andheri East, Mumbai-400093
Tel: 022-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
KUSUMGAR LIMITED
101, Manjushree, V.M. Road, Corner of N.S. Road No. 5,
JVPD Scheme, Vile Parle (West), Mumbai – 400 056, Maharashtra, India
Tel: + 91 22 6112 5100
E-mail: [email protected]
Website: www.kusumgar.com
Kusumgar IPO FAQs
How many shares in the Kusumgar IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Kusumgar Public Offer?
The best way to apply for Kusumgar‘s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Kusumgar IPO GMP today?
Kusumgar IPO GMP today is INR NA per share.
What is the Kusumgar kostak rate today?
Kusumgar kostak rate today is INR NA per application.
What is Kusumgar Subject to Sauda rate today?
Kusumgar Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
