Kusumgar IPO To Open On July 8, Price Band Set At ₹398-₹419
- 6th July 2026
- 12:00 AM
- 3 min read
Summary
Kusumgar will launch its ₹650 crore initial public offering on 8 July 2026, with a price band fixed at ₹398 to ₹419 per share. The issue, entirely an offer for sale, closes on 10 July. Grey market premium stands at ₹139 per share, pointing to strong investor interest ahead of the tentative listing on 15 July.Mumbai | 6 July 2026
Kusumgar, a manufacturer of engineered synthetic fabrics, will open its ₹650 crore IPO for subscription on 8 July 2026. The price band has been set at ₹398 to ₹419 per share, with the issue closing on 10 July. Allotment is expected to be finalised on 13 July, and shares are tentatively scheduled to list on the BSE and NSE on 15 July.
What is the issue structure?
The IPO is a book build issue comprising 1,55,13,126 shares, entirely an offer for sale. No fresh shares are being issued. The face value is ₹1 per share. The retail lot size is 35 shares, requiring a minimum investment of ₹14,665 at the upper price band. Small NII investors need 14 lots (490 shares, ₹2,05,310), and big NII investors need 69 lots (2,415 shares, ₹10,11,885). Employees are offered a discount of ₹39 per share. Axis Capital is the book running lead manager, and Bigshare Services is the registrar.
What does Kusumgar do?
Established in 1990, Kusumgar produces woven, coated and laminated synthetic fabrics for industrial use, serving the aerospace, defence and automotive sectors. The company operates seven manufacturing units across Gujarat and Uttar Pradesh and offers a portfolio of over 1,000 SKUs. Revenue rose to ₹692 crore in FY26 from ₹467.9 crore in FY24, while net profit increased to ₹98.2 crore in FY26 from ₹84.3 crore in FY24.
What is the grey market signalling?
The grey market premium is around ₹139 per share, a 33% premium over the upper price band of ₹419. Grey market premium is an unofficial and unregulated indicator and should not be treated as a guarantee of listing gains.
What should investors track until listing?
Investors should watch the subscription numbers across QIB, NII and retail categories once bidding opens on 8 July, the final subscription figures at close on 10 July, the allotment status on 13 July, and the listing performance on 15 July.
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