Kusumgar IPO 2026: Date, Price Band, GMP, Allotment, Review & Key Details

India’s primary market continues to attract strong investor participation, and the Kusumgar IPO has emerged as one of the most closely watched public issues this month. The company, known for its specialized engineered synthetic fabrics used across defence, aerospace, automotive, industrial and outdoor applications, is entering the capital market through a book-built public issue.

With healthy profitability, a niche business model and growing demand for technical textiles, many investors are evaluating whether this IPO deserves a place in their portfolio.

Kusumgar IPO at a Glance

About Kusumgar Limited

Established in 1990, Kusumgar Limited has built a strong reputation as one of India’s leading manufacturers of engineered synthetic fabrics. The company develops woven, coated and laminated fabrics using advanced polyester and polyamide technologies.

Its products serve several high-value industries, including:

• Defence and military
• Aerospace
• Automotive
• Industrial applications
• Outdoor and lifestyle products
• Safety equipment
• Parachute systems
• Stealth and tactical materials

Over the years, the company has developed more than 100 fabric variants designed for demanding environments where durability, tear resistance, waterproofing and high strength are essential.

Kusumgar IPO Price Band

The IPO is priced between ₹398 and ₹419 per equity share.

Retail investors can apply for a minimum of 35 shares, requiring an investment of ₹14,665 at the upper price band. Retail applicants can apply for up to 13 lots, subject to applicable investment limits.

IPO Reservation

The issue allocation is divided as follows:

• Qualified Institutional Buyers (QIB): 50%
• Non-Institutional Investors (NII): 15%
• Retail Investors: 35%

This allocation follows the standard structure adopted for most mainboard IPOs.

Financial Performance

Kusumgar has maintained strong profitability despite some moderation in revenue during FY26.

Financial Highlights

Although revenue declined compared to the previous year, the company continues to report healthy earnings and attractive operating margins, reflecting the strength of its niche product portfolio.