Kusumgar
Kusumgar Limited is a manufacturer of technical textile fabrics and solutions catering to diverse industrial applications.
Last updated 6 Aug 2026, 9:21 am IST
- Price band
- ₹398 – ₹419
- Lot size
- 35 shares
- Issue size
- ₹650 Cr (pure OFS)
- Opens
- 8 Jul 2026
- Closes
- 10 Jul 2026
- Exchange
- Both
The numbers
- GMP
- ₹163 (~38.9%) (final)
- Subscription
- 128.85× (final)
- Listing gain
- +36.99% (BSE) / +35.80% (NSE)
- Listing date
- 15 Jul 2026
- Model prediction
- Predicted ~+48% → Strong Subscribe. Listed ~+37%, ran to ~+47% intraday — call held.
The Ticker Tales take
Kusumgar is a 30+ year specialist in engineered technical fabrics for aerospace, defence, industrial and automotive uses — a niche with real entry barriers — but this was a 100% Offer for Sale, so none of the ₹650 Cr raised goes into the company, and FY26 revenue and profit both slipped roughly 10–12% from FY25. The issue closed on 10 Jul very strongly subscribed — about 128.85× overall, led by heavy NII and QIB demand — with grey-market premium near 39% over the ₹419 upper band. Anil Singhvi (Zee Business) flagged the aerospace-and-defence niche and limited competition as positives, and the FY26 revenue/profit dip as the main negative; he advised risk-takers to apply for listing gains while low-risk investors keep a stop-loss below ₹419 after listing. Our locked read: predicted listing pop ≈ +48%, a Strong Subscribe. It listed on 15 Jul at about a 37% premium (₹574 on BSE, ₹569/+36% on NSE) and ran as high as ~47% intraday — the strong-listing call played out. Final call — locked at close on 10 Jul.
More details
- Promoters
- Kusumgar family (Yogesh, Siddharth & Sapna Kusumgar)
- Valuation
- ~₹4,399 Cr at upper band
- Issue type
- 100% Offer for Sale
- Allotment date
- 13 Jul 2026
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Reasonable listing gains
Want a heads-up when a new IPO opens?
We'll email you when one opens — and only then.
No spam, ever. Leave whenever you like.
Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.