Kusumgar IPO

Kusumgar Limited is a listed issue, offered in a price band of ₹419 to ₹419 per share, in lots of 35 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹419 – ₹419

Lot size

35 shares

Minimum investment

₹14,665

Issue size

₹650 Cr

Fresh issue

—

Offer for sale

—

Opens

8 Jul 2026

Closes

10 Jul 2026

Listing date

15 Jul 2026

Registrar

Bigshare Services Pvt. Ltd.

Symbol

KUSUMGAR

One lot of 35 shares at the upper band price of ₹419 is ₹14,665 — the smallest retail application this issue accepts.

Lead managers: Axis Capital Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd.

Grey market premium (GMP)

Latest reported GMP

₹161

Implied over upper band

38.40%

As of

15 Jul 2026, 10:39 pm IST

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company operates in markets with high entry barriers, including technical knowledge, long product approval cycles, and customized solutions.
• The company has a technical partnership with a U.S. company for the manufacture and sale of their patented and trademarked camouflage fabric.
• The company possesses unique, diverse, and comprehensive machinery and equipment for fabric manufacturing.
• The company has a strong focus on sustainability, reflected in its eco-friendly alternatives and commitment to social and environmental stewardship.
• The company has a track record of accessing technology and markets through partnerships.
• The company has experienced and visionary Promoters supported by a professional management team, fostering a culture of innovation and quality.

Risk factors disclosed in the offer document

• A decline in demand for aerospace and defence fabrics and solutions could materially affect the company's business, financial condition, results of operations, and cash flows.
• A decrease in sales to the top customer or the loss of top customers could adversely affect the company's business, results of operations, financial condition, and cash flows.
• Reliance on a few suppliers for primary materials means that if any top supplier ceases to sell necessary materials, it could have a material adverse effect on the business.
• Any shortfall in the supply of materials or significant increases in material prices could adversely affect the company's business, results of operations, financial condition, and cash flows.
• Failure to respond to changing customer preferences in a timely and effective manner could adversely affect the company's business, results of operations, and financial condition.
• Failure to keep technical knowledge confidential or protect intellectual property could erode competitive advantage and adversely affect the business, financial condition, results of operations, and cash flows.
• The company's operations are concentrated in Gujarat, making it susceptible to disruptions from social, political, economic, or natural events in the region.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (Bigshare Services Pvt. Ltd.) after the issue closes. Track the whole calendar in the IPO Centre.

← All current and upcoming IPOs · Open the interactive Kusumgar terminal →