SEBI Approves ₹650 Crore IPO Of Kusumgar

Kusumgar Ltd. has received approval from the Securities and Exchange Board of India (SEBI) on January 7, 2026, to launch its Initial Public Offer (IPO). The proposed issue is a Book Build Issue worth ₹650.00 crores, consisting entirely of an offer for sale.

The equity shares are intended to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Key details such as IPO dates, price bands, and lot size are yet to be announced, and the approval remains valid for 12 months.

SEBI Approval and Next Steps

The SEBI approval enables Kusumgar Ltd. to proceed with the IPO process, subject to market conditions and other statutory clearances. The company will now work with its lead manager and registrar to finalise timelines and compliance requirements.

Axis Capital Ltd. has been appointed as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. will act as the registrar. The offer for sale structure indicates that existing shareholders will divest their holdings, with no fresh issue of shares planned.

Company Profile and Operations

Incorporated in 1990, Kusumgar Ltd. specialises in manufacturing woven, coated, and laminated synthetic fabrics, commonly referred to as engineered fabrics. Its products primarily use polyamide and polyester filaments combined with polyurethane chemistry.

As of March 31, 2025, the company had developed over 1,000 unique fabric types (SKUs), establishing a strong presence in the functional and performance fabric segment. Kusumgar’s offerings cater to diverse industries, including aerospace and defence, industrial and automotive, and outdoor and lifestyle markets.

Business Segments and Product Range

The company operates across multiple segments, with aerospace and defence fabrics forming a key focus area. These include high-performance materials for parachutes, tactical clothing, stealth systems, and rapid deployment solutions.

Kusumgar has also expanded into complete aerospace and defence solutions, manufacturing parachute systems, camouflage nets, and deployable shelters, along with maintenance services for select clients. Its industrial and automotive fabrics serve applications such as tapes, mechanical rubber goods, and inflatables, while outdoor and lifestyle fabrics are used in activewear, rainwear, backpacks, tents, and sleeping bags.

Read More: Techno Paints Targets ₹500 Crore via IPO Launch in FY27.

Conclusion

Kusumgar Ltd.’s SEBI-approved IPO marks a significant step towards its public listing on NSE and BSE. With an issue size of ₹650.00 crores and a focus on engineered fabrics for critical sectors, the company aims to leverage its established market presence.

Key details including price band, lot size, and subscription dates will be announced in due course. The approval remains valid for 12 months, giving the company flexibility to launch the IPO based on prevailing market conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.