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Kusumgar IPO Price Band & Lot Size

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KUSUMGAR · · NSE

Updated · GMP, subscription and listing data refresh through the day.

Kusumgar IPO Details

RegistrarBigshare Services Pvt. Ltd.
Lead managersAxis Capital Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd
Offer documentDraft (DRHP)
Fresh issue—
Offer for sale—
Market cap at the offer₹4,399 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (10,49,91,372 shares) multiplied by the upper end of the price band, ₹419. It is arithmetic on those two filed figures, not a valuation.

Kusumgar Financials ₹ in crore

Revenue CAGR+21.6%2024 → 2026 · 2 yrs
Profit CAGR+7.9%2024 → 2026 · 2 yrs
Total assets CAGR+24.4%2024 → 2026 · 2 yrs
00%2505%50010%75015%100020%202420252026
₹ crore202420252026
Revenue₹467.91₹779₹692
Expenses———
Net profit (PAT)₹84.4₹111.99₹98.2
PAT margin18.0%14.4%14.2%
Total assets₹584.74₹632.4₹905.07

Kusumgar Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
90.48%
Promoter
After the IPO
Post-issue · as filed 14-JUL-2026
75.01%
Promoter
Promoter & promoter groupafter the IPO
Holding75.01%
Shares7,87,54,029
Through the IPO-15.47% · exiting

The founding owners and their group entities.

Breakdown as filed
Individuals / HUF75.01%7,87,48,929

Post-issue pattern as filed with the NSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Kusumgar IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹419
Retail (min)1 lot35₹14,665
Retail (max)13 lots455₹1,90,645
sHNI (min)14 lots490₹2,05,310
bHNI (min)69 lots2,415₹10,11,885

One lot is 35 shares, so a single application at the ₹419 cut-off costs ₹14,665. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

Kusumgar IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (6)
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 (7)
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.

How to check Kusumgar IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Kusumgar Limited, the registrar is Bigshare Services Pvt. Ltd. — allotment is finalised in the days between the issue closing on 10 Jul 2026 and listing on 15 Jul 2026.

RegistrarBigshare Services Pvt. Ltd.
You will needPAN, application number or demat ID
Issue closes10 Jul 2026
Listing date15 Jul 2026
Issue opens
Wed, 08 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 10 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Mon, 13 Jul, 2026
By Bigshare Services; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 14 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 15 Jul, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.

Kusumgar IPO Price Band & Lot Size FAQs

What is the price band of Kusumgar IPO?

The Kusumgar Limited IPO price band is ₹419 to ₹419 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of Kusumgar IPO?

One lot is 35 shares, so a single application at the ₹419 cut-off costs ₹14,665. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in Kusumgar IPO?

₹14,665 — one lot of 35 shares at ₹419. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is Kusumgar IPO a mainboard or SME issue, and on which exchange?

Kusumgar Limited is a mainboard issue listing on NSE. The lead managers are Axis Capital Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd.

What is the issue size of Kusumgar IPO?

The issue size is ₹650 crore.

Kusumgar IPO Registrar where allotment and refund queries go

RegistrarBigshare Services Pvt. Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Kusumgar IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (10 Jul 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Bigshare Services Pvt. Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹161 on a ₹419 upper band means the grey market is dealing at ₹580.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

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.