Kusumgar, a prominent manufacturer in engineered synthetic fabrics, is launching an IPO with a price band set between ₹398 and ₹419. Opening on July 8, 2026, this ₹650 crore offer is commanding significant interest in the grey market as per The Economic Times news report.
The IPO of Kusumgar, a leading synthetic fabric manufacturer, is scheduled for July 8, 2026, with an issue size amounting to ₹650 crore. The shares are priced within a band of ₹398 to ₹419. The offering is an Offer for Sale (OFS), with no fresh shares being issued.
The grey market places a premium of around ₹139 per share on the IPO, equating to a premium of 33% over the upper price band of ₹419. This strong premium indicates high demand among investors.
Investors interested in participating can bid for a minimum of 35 shares and in multiples thereafter. Shares worth ₹3.5 crore are reserved at a discount for eligible employees at ₹39 less per share.
Kusumgar's revenue grew to ₹692 crore in FY26 from ₹467.9 crore in FY24, marking a period of financial growth. The net profit also saw an increase to ₹98.2 crore in FY26 from ₹84.3 crore in FY24, highlighting improved profitability.
Established in 1990, Kusumgar excels in producing woven, coated and laminated synthetic fabrics for industrial use. With 7 manufacturing units located in Gujarat and Uttar Pradesh, the firm boasts modern infrastructure and a vertically integrated production system.
The company's products, built to standards of high performance and durability, cater to industries like aerospace, defence and automotive. With a portfolio exceeding 1,000 unique SKUs, Kusumgar is a pivotal player in its field.
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The IPO is managed by several book-running lead managers and will be listed on both the BSE and the NSE once open to the public. The process adopts the book-building approach with allocations specified for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
Kusumgar's IPO launch, set for July 8, 2026, has drawn considerable interest, reflected in a 33% grey market premium. The issue aims to raise ₹650 crore with a focus on diversifying shareholder base through the distribution across QIBs, NIIs, and RIIs, alongside employee incentives.
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Published on: Jul 3, 2026, 4:38 PM IST
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