Kusumgar Limited Announces ₹650-Crore IPO; Issue Opens July 8, Price Band Fixed at ₹398–₹419 Per Share

Kusumgar Limited Launches ₹650-Crore IPO; Price Band Fixed at ₹398–₹419

Kusumgar IPO Opens on July 8; Company Eyes Strong Investor Participation

Engineered Fabrics Maker Kusumgar Announces IPO, Sets Price Band at ₹398–₹419

IPO Marks a Significant Milestone in Kusumgar’s Growth Journey: Siddarth Kusumgar, Chairman & Managing Director

Bilkul Bazaar

Ahmedabad

Kusumgar Limited, a leading manufacturer of engineered synthetic fabrics, on Saturday announced the launch of its ₹650-crore Initial Public Offering (IPO), which will open for subscription on July 8, 2026, and close on July 10, 2026. The company has fixed the price band at ₹398 to ₹419 per equity share of face value Re. 1 each.

The IPO details were announced in Ahmedabad by Siddarth Kusumgar, Chairman & Managing Director, Sapna Kusumgar, Joint Managing Director, Ankur Kothari, Executive Director & CEO, Narendra Jain, Chief Business Officer, along with Nikhil Thete, Assistant Vice President, IIFL Capital Services.

The public issue is entirely an Offer for Sale (OFS) aggregating up to ₹650 crore. Investors can bid for a minimum of 35 equity shares and in multiples of 35 thereafter.

Addressing the media, Siddarth Kusumgar, Chairman & Managing Director, Kusumgar Limited, said, “Over the past three decades, Kusumgar has built a strong reputation for innovation, quality and technological excellence in engineered fabrics. Our diversified product portfolio and vertically integrated manufacturing capabilities have enabled us to cater to demanding sectors such as aerospace & defence, automotive, industrial applications and outdoor lifestyle. The IPO marks an important milestone in our journey as we look forward to creating long-term value for all stakeholders.”

Sapna Kusumgar, Joint Managing Director, added, “Our focus has always been on delivering high-performance fabric solutions through continuous research, product development and customer-centric innovation. With more than 1,000 fabric configurations developed over the years, we are well-positioned to capitalize on the growing demand for specialized engineered fabrics across domestic and international markets.”

Highlighting the company’s operational strengths, Ankur Kothari, Executive Director & CEO, said, “Our fully integrated manufacturing ecosystem gives us complete control over quality, innovation and timely delivery. Supported by advanced technology and strong R&D capabilities, we remain committed to enhancing operational efficiencies and expanding our presence across high-growth sectors.”

Speaking on the public issue, Narendra Jain, Chief Business Officer, said, “The response received during our investor interactions has been encouraging. Kusumgar has demonstrated consistent financial performance backed by strong manufacturing capabilities and a niche product portfolio. We believe the IPO offers investors an opportunity to participate in the company’s long-term growth story.”

Representing one of the book running lead managers, Nikhil Thete, Assistant Vice President, IIFL Capital Services, said, “Kusumgar has established itself as a differentiated player in the engineered fabrics segment with a strong market position, diversified customer base and robust financial track record. We are pleased to be associated with the company for its public issue.”

The company has reserved equity shares worth ₹3.5 crore for eligible employees, who will receive a discount of ₹39 per share on the final issue price.

Under the book-building process, up to 50% of the net offer has been reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).

Kusumgar reported revenue from operations of ₹692 crore in FY26, compared with ₹467.9 crore in FY24, while net profit increased to ₹98.2 crore in FY26 from ₹84.3 crore during the same period.

Established in 1990, Kusumgar Limited manufactures woven, coated and laminated synthetic fabrics used in applications requiring high tensile strength, abrasion resistance, waterproofing, comfort and durability. Its products cater to sectors including aerospace & defence, automotive, industrial applications, and outdoor & lifestyle.

The company has developed more than 1,000 unique stock keeping units (SKUs) as of March 31, 2026. Its vertically integrated manufacturing operations include weaving, dyeing, printing, finishing, coating, lamination and fabrication. Kusumgar operates six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh.

Axis Capital Limited, IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers to the issue, while Bigshare Services Private Limited is the registrar.

The company’s equity shares are proposed to be listed on both the BSE and the NSE.

Disclaimer: This article is for information only and is not investment advice. Please read the IPO documents carefully before investing.

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