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Kusumgar
๐
Founded: N/A
๐ Gujarat
๐ฅ N/A employees
๐ N/A
๐ Face Value: โน1
๐ฆ Market Cap: N/A
Price Band
โน398 โ โน419
Issue Size
โน650 Cr
Lot Size
35 shares
Min. Investment
โน14,665
GMP
+โน160 (+38.2%)
Est. Return
+38.2%
Listing Date
15 Jul 2026
Registrar
Bigshare Services
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Very High Interest
GMP: +38.2% above issue price
โญ Overall Signal
Very High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Very High Interest
135.80x subscribed
Issue Details
Fresh Issueโน650 Cr
Offer for Sale (OFS)โ
Total Issue Sizeโน650 Cr
Face Valueโน1
Market Cap (at issue)N/A
Listing ExchangeBSE, NSE
๐
Open Date08 Jul 2026
๐ Close Date10 Jul 2026
โ๏ธ Cut-off Price Date10 Jul 2026
๐๏ธ Allotment Date13 Jul 2026
๐ธ Refund Initiation14 Jul 2026
๐ Demat Credit14 Jul 2026
๐ Listing Date15 Jul 2026
Objects of the Issue
- ๐ฐ Capacity expansion
- ๐ฐ Working capital requirements
- ๐ฐ General corporate purposes
About the Company
Kusumgar Limited manufactures engineered synthetic fabrics โ woven, coated and laminated fabrics from polyamide and polyester filaments with polyurethane chemistry โ for defence, aerospace, automotive and industrial applications. Its finished defence products include parachute systems, camouflage solutions and rapid deployment shelters, and it is an authorised partner supplying fabrics and parachute systems for the re-entry module of ISRO's Gaganyaan mission. It operates six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh.
Strengths
- โ Strategic supplier to Gaganyaan โ India's first manned space mission
- โ Vertically integrated across weaving, dyeing, coating, lamination and fabrication
- โ Massive oversubscription of 135.8x with QIB demand at 299.5x
Risk Factors
- โ ๏ธ Revenue tied to defence/government procurement cycles and tenders
- โ ๏ธ Raw material price volatility (polyamide, polyester, polyurethane)
- โ ๏ธ High valuation risk given very strong grey market demand ahead of listing
Subscription Status
135.80x Overall
QIB: 299.5x
NII: 174.3x
RII: 28.0x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | 299.51x | 174.28x | 27.97x | 135.80x |
Share Reservation
QIB
75%
NII
15%
RII
10%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
0%
Pre-IPO
โ -0.0%
0%
Post-IPO
IPO Timeline
โ
Open Date
08 Jul 2026
โ
Close Date
10 Jul 2026
โ
Allotment Date
13 Jul 2026
โ
Listing Date
15 Jul 2026
Key Financials
RevenueN/A
PATN/A
EPSN/A
P/E RatioN/A
ROEN/A
Market CapN/A
IPO Registrar
IPO FAQs
Kusumgar IPO is a mainboard IPO with an issue size of โน650 Cr at a price band of โน398 โ โน419. Minimum lot size is 35 shares (minimum investment ~โน14,665). Opens on 08 Jul 2026 and closes on 10 Jul 2026. Proposed listing on BSE, NSE. Registrar: Bigshare Services.