Kusumgar IPO
Kusumgar IPO closed on 10 Jul 2026. Allotment 13 Jul 2026, listing 15 Jul 2026. Price band ₹398–₹419, lot 35 shares, GMP +₹161 (38.42%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹398–₹419 |
| Lot size | 35 shares |
| Minimum investment | ₹14,665 |
| Issue size | ₹650 Cr |
| GMP | +₹161 (38.42%) |
| Open date | 8 Jul 2026 |
| Close date | 10 Jul 2026 |
| Allotment date | 13 Jul 2026 |
| Listing date | 15 Jul 2026 |
About Kusumgar
Kusumgar Limited manufactures technical textile fabrics and solutions for aerospace, defence, automotive, industrial, and outdoor applications. It operates across four segments: Aerospace and Defence Fabrics, Aerospace and Defence Solutions, Industrial and Automotive Fabrics, and Outdoor and Lifestyle Fabrics. The company manages the entire manufacturing process in-house, from yarn selection to coating, lamination and finishing. It also uses materials such as polyurethane, TPU, silicone and PTFE to produce specialised performance fabrics for demanding applications.
Strengths
- Operates across multiple technical textile segments, including aerospace, defence, industrial, automotive, and outdoor fabrics.
- Has integrated manufacturing capabilities covering weaving, coating, lamination, and finishing processes.
- Develops customised engineered fabric solutions to meet specific customer requirements.
- Entry barriers in its industry include specialised certifications, regulatory approvals, and long customer qualification cycles.
- Focuses on research, product development, and introducing new products to support business growth.
Risks
- A large share of revenue comes from the aerospace, defence, industrial, and automotive fabric segments, making the business dependent on these markets.
- Loss of major customers could significantly impact revenue, as the top 10 customers contributed 59.52% of FY2026 revenue.
- The company depends on a limited number of suppliers and does not have long-term supply agreements.
- Most manufacturing facilities are located in Gujarat, exposing operations to regional disruptions.
- The company generally does not have long-term sales agreements with customers, creating demand uncertainty.