Kusumgar IPO Day 3: Subscription Status & Key Issue Details
The ₹650.00 crore Kusumgar IPO entered its final day of subscription on July 10, 2026. The issue is being offered at a price band of ₹398 to ₹419 per share. As of 10:00 AM on Day 3, the IPO had received bids for 14.44 times the shares on offer.
The basis of allotment is expected to be finalized on July 13, 2026. The shares are tentatively scheduled to be credited to investors’ demat accounts on July 14, 2026, and listed on the NSE and BSE on July 15, 2026.
Kusumgar IPO - Issue Details
- Issue Type: Book Building IPO (OFS only)
- Total Issue Size: Up to ₹650.00 crore
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to ₹650.00 crore
- Face Value: ₹1 per equity share
- Price Band: ₹398 to ₹419
- Lot Size: 35 shares
- Minimum Investment Amount (Retail Investor): ₹14,665 (35 shares) (based on upper price)
- Listing: BSE, NSE
- Book Building Lead Managers: Axis Capital Limited, IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited
- Registrar: Bigshare Services Private Limited
Kusumgar IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
08 July 2026 |
|
Subscription Closing Date |
10 July 2026 |
|
Allotment Date |
13 July 2026 |
|
Refund Date |
14 July 2026 |
|
Credit of Shares |
14 July 2026 |
|
Listing on BSE and NSE |
15 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Kusumgar IPO Day 3 Subscription Status
[July 10, 2026, 10:00 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
2.19x |
|
Non-Institutional Investors (NIIs) |
41.77x |
|
Retail Individual Investors (RIIs) |
9.91x |
|
Total |
14.44x |
About Kusumgar Limited
Kusumgar Limited manufactures engineered fabrics, including woven, coated, and laminated synthetic textiles developed using materials such as polyamide, polyester, and polyurethane. The company’s products cater to a wide range of sectors, including aerospace and defence, industrial and automotive applications, as well as outdoor and lifestyle markets. It has also diversified into finished defence solutions, offering specialised products such as parachute systems, stealth technologies, and rapid deployment solutions.
The company operates through four major business segments, with Aerospace and Defence Fabrics contributing the largest share of its revenue. Its other segments include Industrial and Automotive Fabrics, Aerospace and Defence Solutions, and Outdoor and Lifestyle Fabrics, each serving specialised industry requirements.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from Operations |
692.03 |
788.99 |
467.91 |
|
Profit After Tax |
98.20 |
111.98 |
84.39 |
|
EBITDA |
187.85 |
188.38 |
131.84 |
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