Mumbai|July 04: Another manufacturing company is set to make its debut in the Indian capital market. Kusumgar Limited, a manufacturer of high-performance engineered fabrics, will open its ₹650 crore Initial Public Offering (IPO) for investors on July 8, 2026. Catering to the growing demand from the defence, aerospace, automotive, and industrial sectors, the company has demonstrated consistent business growth, which is clearly reflected in its strong financial performance. As a result, the IPO is expected to attract significant investor interest.
Kusumgar Limited has fixed the IPO price band at ₹398 to ₹419 per equity share. The issue is entirely an Offer for Sale (OFS) worth ₹650 crore and will remain open from July 8 to July 10, 2026. Investors can apply for a minimum of 35 equity shares. Shares worth ₹3.5 crore have been reserved for eligible employees, who will also receive a discount of ₹39 per share.
For the financial year 2026, the company reported operating revenue of ₹692 crore and a net profit of ₹98.2 crore, reflecting the strength of its business operations. Established in 1990, Kusumgar Limited has built a strong reputation in the synthetic engineered fabrics segment. Its products are widely used across the aerospace, defence, automotive, industrial, and outdoor lifestyle sectors.
With six manufacturing facilities in Gujarat and one in Uttar Pradesh, the company has fully integrated manufacturing capabilities, covering the entire value chain from yarn production to coating, lamination, and fabrication. Having developed more than 1,000 fabric configurations, Kusumgar Limited is well-positioned for future growth through continuous innovation and a strong commitment to quality.