Kusumgar Shares List at 37% Premium; Stock Debuts at ₹574 on BSE
Kusumgar Limited made a strong stock market debut on Wednesday, July 15, 2026, with its shares listing at a significant premium on both the BSE and NSE. The stock opened at ₹574 on the BSE, marking a 36.99% premium over its IPO issue price of ₹419 per share, while on the NSE, it debuted at ₹569, translating into a 35.80% premium.
The company's ₹650 crore initial public offering (IPO), which was open for subscription from July 8 to July 10, 2026, attracted strong investor demand and was subscribed 128.85 times overall by the close of the bidding period.
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 Running Lead Managers: Axis Capital Limited, IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited
- Registrar: Bigshare Services Private Limited
Kusumgar IPO Overall Subscription Status
[July 10, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
284.10x |
|
Non-Institutional Investors (NIIs) |
165.46x |
|
Retail Individual Investors (RIIs) |
26.47x |
|
Total |
128.85x |
About Kusumgar Limited
Kusumgar Limited is engaged in the manufacturing of engineered fabrics, offering woven, coated, and laminated synthetic textiles made from materials such as polyamide, polyester, and polyurethane. Its products serve a wide range of sectors, including aerospace and defence, industrial and automotive, as well as outdoor and lifestyle applications. In addition to textiles, the company has expanded into defence solutions, manufacturing products such as parachute systems, stealth technologies, and rapid deployment systems.
The company operates across four business segments. The Aerospace and Defence Fabrics segment is the largest contributor to its revenue, followed by Industrial and Automotive Fabrics, Aerospace and Defence Solutions, and Outdoor and Lifestyle Fabrics.
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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