Kusumgar IPO
Textiles • ₹650 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹419
Lot Size
35 shares
Issue Size
₹650 Cr
Open
08 Jul 2026
Close
10 Jul 2026
Subscription
128×
IPO Schedule
| Issue Open Date | 08 Jul 2026 |
| Issue Close Date | 10 Jul 2026 |
| Allotment Date | 13 Jul 2026 |
| Listing Date | 14 Jul 2026 |
About Kusumgar
Kusumgar Limited is a manufacturer of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. The company develops engineered fabrics using polyamide and polyester filaments and polyurethane chemistry for applications requiring specific performance characteristics, such as tensile strength, tear resistance, abrasion resistance, air permeability, comfort, and waterproofing. It has developed over 1,000 fabric configurations and serves four key segments: aerospace and defence fabrics, aerospace and defence solutions, industrial and automotive fabrics, and outdoor and lifestyle fabrics. In addition to fabrics, the company manufactures parachute systems, camouflage nets, decoys, shelters, and other aerospace and military solutions and provides maintenance and repair services for certain clients. Kusumgar operates six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh. Its manufacturing operations include weaving, dyeing, printing, finishing, coating, lamination, and fabrication through a vertically integrated setup.
Company Details
Founders / Promoters
Mr Siddharth Kusumgar
Founded
1990
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Kusumgar — IPOFins Verdict
QuantitativeDriven by QIB demand at 284.1x and moderate disclosed risk (6/10), Kusumgar listed at a premium of 35.8% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company has developed a large portfolio of engineered fabrics over several decades. Since 1970, it claims to have developed and manufactured more than 1,000 unique engineered fabric configurations
- The company claims to have vertically integrated manufacturing capabilities. It manages multiple stages of production, including yarn selection, weaving, dyeing, coating, lamination, finishing, and fa
- The company has established long-term relationships with several customers. As of March 31, 2026, its top customers had business relationships ranging from two to nine years. In FY26, the top six cust
- The company claims to have technology and market access through international partnerships. It has entered into technical, manufacturing, licensing, sales, and co-development partnerships with compani
- The company focuses on specialised applications requiring technical expertise. It claims to have capabilities in manufacturing lightweight fine denier fabrics, handling Nylon 6 and Nylon 66, developin
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹419
Listing Price
₹569
Listing Gain/Loss
+35.80%
Listing Date
14 Jul 2026
Price Since Listing
Returns are measured against the ₹419 issue price.
Listing
₹569
+35.8%
1 Week
₹567.25
+35.4%
Current
₹591.05
+41.1%
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Trade Kusumgar on the secondary market
FAQ
What is the price band of Kusumgar IPO?
The price band is ₹419 per share with a lot size of 35 shares. Minimum investment: ₹14,665.
What does Kusumgar do?
Kusumgar Limited is a manufacturer of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics. The company develops engineered fabrics using polyamide and polyester filaments and polyurethane chemistry for applications requiring specific performance characteristics, such as tensile strength, tear resistance, abrasion resistance, air permeability, comfort, and waterproofing. It has developed over 1,000 fabric configurations and serves four key segments: aerospace and defence fabrics, aerospace and defence solutions, industrial and automotive fabrics, and outdoor and lifestyle fabrics. In addition to fabrics, the company manufactures parachute systems, camouflage nets, decoys, shelters, and other aerospace and military solutions and provides maintenance and repair services for certain clients. Kusumgar operates six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh. Its manufacturing operations include weaving, dyeing, printing, finishing, coating, lamination, and fabrication through a vertically integrated setup.
Should I apply for Kusumgar IPO?
Kusumgar listed at ₹569 (+35.8% premium to the ₹419 issue price) after 127.9x subscription. IPOFins Score 9/10: Driven by QIB demand at 284.1x and moderate disclosed risk (6/10), Kusumgar listed at a premium of 35.8% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Kusumgar?
Kusumgar was founded by Mr Siddharth Kusumgar in 1990.