Kusumgar came to market through an IPO that opened on 8 July 2026 and closed on 10 July 2026, and the shares listed on 15 July 2026 on BSE, NSE. The price band was ₹398 to ₹419 per share and one lot was 35 shares, so the minimum application was ₹14,665. The issue size was ₹650 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.
It listed at ₹569, a gain of 35.8% against the issue price of ₹419. Bigshare Services Pvt.Ltd was the registrar to the issue, and Axis Capital Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd were the lead managers.
As of 10 July 2026.
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Overall the issue was subscribed 135.76 times.
Kusumgar Limited was incorporated in 1990 and operates as a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics. Its products utilize polyamide and polyester filaments with polyurethane technology. As at March 31, 2025, Kusumgar Ltd has more than 1,000 SKUs (Stock Keeping Units) of fabric types, thus creating an established footprint in the field of synthetic functional performance fabrics.
The company's products find application in various industries such as aerospace and defense, industrial and automotive, and outdoor and lifestyle markets. More recently, Kusumgar Ltd has extended its product portfolio into completed items for aerospace and military purposes, including parachute, stealth fabrics, and rapid deployment systems. Manufacturing plant: Six manufacturing plants located in Gujarat, India, and one fabrication plant in Uttar Pradesh, India.
As at March 31, 2025, the company had a total work force of 1,712 employees, out of which 1,082 were permanent employees.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Kusumgar Limited finalised its anchor investor allocation on July 7, 2026, raising ₹193.95 crore from 23 institutional investors at an anchor price of ₹419 per share. The anchor book comprises 46,28,877 equity shares, reflecting broad institutional participation across domestic mutual funds, life insurance companies, and foreign portfolio investors. Domestic mutual funds received the dominant share of the anchor allocation, with 31,26,805 shares (67.55%) allocated to 9 funds across 18 schemes.
Key domestic MF participants include Nippon India Mutual Fund across three schemes, SBI Mutual Fund, Whiteoak Capital, ICICI Prudential, Mirae Asset, Motilal Oswal, Bandhan, Tata, and Axis Mutual Fund. Foreign portfolio investors Blackrock Global Funds – India Fund and Goldman Sachs India Equity Portfolio each received 10.31% of the anchor portion. Life insurance companies Axis Max Life Insurance and Kotak Mahindra Life Insurance together received 6.67% of the anchor allocation.
Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, Siddharth Yogesh Kusumgar HUF. Promoter holding 90.47% before the issue and 75.68% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kusumgar IPO was a ₹650 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹398–₹419 per share with a lot size of 35 shares (₹14,665). The IPO was open from July 8 to July 10, 2026 and was subscribed 135.76x. Shares listed on BSE and NSE on July 15, 2026 at ₹569, a 35.8% premium to the issue price of ₹419. Bigshare Services Pvt. Ltd. is the registrar. Axis Capital Ltd.
and 2 other book running lead managers manage the issue.
The price band of Kusumgar IPO is ₹398 to ₹419 per share.
The lot size of Kusumgar IPO is 35 shares.
The minimum investment for Kusumgar IPO is approximately ₹14,665 based on the upper price band.
The allotment date of Kusumgar IPO is Jul 13, 2026.
Kusumgar IPO's final recorded GMP before listing was ₹154 per share (a 37% premium over the ₹419 upper price band). The shares listed at ₹569. GMP is unofficial and does not forecast or guarantee the actual listing price.
Kusumgar IPO listed on Jul 15, 2026. It was issued at ₹569.0(NSE) and is currently around ₹554.00 as on 2-Nov-2026 3:30 PM, which is approximately 32.2% versus issue price. The 52-week high is ₹659.50.
You can check Kusumgar IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kusumgar IPO allotment status on Rupix for quick and easy access.
₹398 to ₹419 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 35 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,665.
₹14,665, for one lot of 35 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 8 July 2026 and closed on 10 July 2026.
The basis of allotment was published on 13 July 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 15 July 2026 on BSE, NSE, opening at ₹569.
The issue size was ₹650 crore. The offer for sale was 1,55,13,126 shares (aggregating up to ₹650 crore).
It listed at ₹569 against an issue price of ₹419, a gain of 35.8 percent on listing day.