Last updated on December 22nd, 2025 at 12:20 am
Kusumgar Limited is a manufacturer of woven, coated and laminated synthetic fabrics.
They offer engineered fabrics and solutions focusing on polyamides, polyester filaments and polyurethane chemistry to serve customer’s high-performance requirements.
It serves majorly four market sectors: (i) Aerospace and Defence Fabrics(ii) Aerospace and Defence Solutions (iii) Industrial and Automotive Fabrics and (iv) Outdoor and Lifestyle Fabrics.
Kusumgar has developed over 1,000 unique fabric configurations (SKUs), underlining its niche in technical/ performance-fabric manufacturing.
Kusumsagar has filed DRHP comprising completely as offer-for-sale (OFS) of ~ ₹ 650 Crore by promoters.
Subscription date to apply for Kusumgar Limited is yet to be declared. Price band for the IPO is also pending to be finalized.
| Issue Size: | ₹ 650 Crore |
| Fresh Issue: | Nill |
| Offer for Sale: | ₹ 650 Crore |
| Price Range: | TBA |
| Lot Size: | TBA |
Kusumsagar Limited important data points:
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 257.8 Cr |
| Revenue: | ₹ 779 Cr |
| EBITDA | ₹ 188.4 Cr |
| PAT | ₹ 112 Cr |
| EBITDA Margin: | ~24.2% |
| PAT Margin | ~14.2.% |
| Face Value: | ₹ 01 per Eq. Share |
IPO important dates
| IPO Open Date: | TBA |
| IPO Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| IPO Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Borrowing payment | Nill |
| Working Capital Requirement | Nill |
| General Corporate Purpose | Nill |
| Technology & Infrastructure | Nill |
| Offer For Sale | ₹ 650 Crore |
Kusumgar Limited Promoters – Pre offer equity (Approx)
| Siddharth Yogesh Kusumgar | ~58.94% |
| Sapna Siddharth Kusumgar | ~28.16% |
| Siddharth Yogesh Kusumgar HUF | ~3.32% |
Kusumgar Limited Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 301.6 | ₹ 467.9 | ₹ 779.0 |
| Profit (₹ Cr) | ₹ 37.2 | ₹ 84.4 | ₹ 112.0 |
| Asset (₹ Cr) | ₹ 253.9 | ₹ 584.7 | ₹ 632.4 |
| Net Worth (₹ Cr) | ₹ 55.6 | ₹ 140.4 | ₹ 257.8 |
Kusumgar Limited IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 22-Dec | ₹ – | ₹ – | ₹ – |
| 21-Dec | ₹ – | ₹ – | ₹ – |
| 20-Dec | ₹ – | ₹ – | ₹ – |
| 19-Dec | ₹ – | ₹ – | ₹ – |
| 18-Dec | ₹ – | ₹ – | ₹ – |
Kusumgar Limited IPO Pros & Cons
Strengths:
- High-entry-barrier engineered-fabrics business with strong defence, aerospace and industrial demand.
- Rapid revenue and profit growth with consistently healthy margins.
- Vertically integrated manufacturing ensures quality control and customization advantages.
- Diversified end-markets reduce dependence on any single sector.
- Strong technical capabilities with 1,000+ SKUs and long-term customer relationships.
Risks:
- Petrochemical-based raw materials expose margins to crude-price volatility.
- Technical-textile space faces strong competition from global and domestic players.
- Fluctuating capacity utilisation may impact fixed-cost efficiency.
- Cyclical sectors like defence, industrial and automotive can affect demand stability.
- Technology replication or IP risks could weaken its competitive edge.
Kusumgar Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings of Kusumgar Limited
Kusumgar Limited offers engineered synthetic fabrics, woven, coated and laminated technical textiles for aerospace & defence, industrial & automotive, and outdoor & lifestyle segments.
The company operates six manufacturing facilities in Gujarat and one in Uttar Pradesh, employing over 1,000+ people, and claims a manufacturing output of over 5 million metres of technical fabrics per month.
Lead Managers / Registrars of Kusumgar Limited
| Lead / Book Running Lead Managers | Axis Capital Ltd., IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd. |
| Registrar (RTA) | Bigshare Services Pvt. Ltd. |
Founding Year of Kusumgar Limited & Managing Director
Kusumgar Limited was incorporated in the year 15th June 1990.
Mr. Siddharth Yogesh Kusumgar is the Chairman and Managing Director of Kusumgar Limited
Kusumgar Limited FAQ
- Q1. What is the business of Kusumgar Limited?
Last updated on December 22nd, 2025 at 12:20 am
Kusumgar Limited is a manufacturer of woven, coated, and laminated synthetic “engineered fabrics” – high-performance technical textiles serving aerospace & defence, industrial & automotive, and outdoor/lifestyle segments. - Q2. Why is the company raising funds via IPO?
Last updated on December 22nd, 2025 at 12:20 am
The IPO is a 100% Offer-For-Sale (OFS) by promoters, intended to get the company publicly listed while providing liquidity to existing shareholders. - Q3. What is the size of the issue and where will it list?
Last updated on December 22nd, 2025 at 12:20 am
The issue size is ₹ 650 Crore all being as OFS. It will be listed on the BSE NSE platform. - Q4. What are the risks to an investor?
Last updated on December 22nd, 2025 at 12:20 am
Risks to investing in IPO include volatility in petrochemical-based raw material prices, demand swings in cyclic industries (automotive/industrial), capacity-utilisation fluctuations, and competition from established textile/ technical-textile players. - Q5. What are the potential upsides?
Last updated on December 22nd, 2025 at 12:20 am
Positive sides to invest in the IPO include strong growth in revenues/profits recently, niche high-entry-barrier business, diversified end-markets including defence & high-tech, and over 1,000 fabric SKUs – giving a good shot at long-term growth and margin stability. - Q6. How to apply for the IPO?
Last updated on December 22nd, 2025 at 12:20 am
Via your brokerage/demat account when the IPO opens. - Q 7. When is the tentative listing date?
Last updated on December 22nd, 2025 at 12:20 am
Expected listing date is yet to be announced.
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