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Kusumgar

MAINBOARD Listed 🌐 Visit Website
Price Band
₹398 - ₹419
Lot Size
35 Shares
Issue Size
₹650.00 Cr
Fresh Issue
Nil (Pure OFS)
OFS
₹650.00 Cr (Full Issue)
Registrar
Bigshare Services Pvt. Ltd.
0 BULLISH
AI Sentiment Score
Listing Price
₹569.00
vs Issue: ₹419 (+35.80%)
📅 IPO Timeline
✓
Open
Jul 8
✓
Close
Jul 10
✓
Allotment
Jul 13
✓
Refund
Jul 14
✓
Demat
Jul 14
✓
Listing
Jul 15
✨ AI Analysis & Prediction
+21.8% predicted listing gain
The predicted listing gain is adjusted downwards from the GMP baseline of 38.42% due to a slight decline in FY26 revenues and profits. However, this is offset by strong ROE/ROCE metrics and a medium float size, resulting in a moderate positive risk adjustment.

💪 Strengths

  • Strong Return on Equity (25.82%) and ROCE (24.76%)
  • Diversified application in aerospace, defense, and automotive sectors
  • Niche technical expertise in polyurethane technology and engineered fabrics

⚠️ Weaknesses

  • Decline in revenue and PAT from FY25 to FY26
  • Significant promoter offloading via Offer for Sale (OFS)

🚀 Opportunities

  • Expansion into military parachute systems and stealth materials
  • Increased demand for high-performance synthetic fabrics in defense

🛡️ Threats

  • High competition from larger technical textile players
  • Sensitivity to raw material costs for polyamide and polyester filaments
📊 Key Financials
Metric 202420252026
Revenue (₹ Cr) 474.55 790.21 711.78
PAT (₹ Cr) 84.40 111.99 98.20
Debt/Equity
0.93
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
📈 Shareholding & Anchor Lock-In
Promoter Holding (Pre-Issue)
90.48%
Anchor Investors Allocation
₹193.95 Cr
Anchor Lock-In Deadlines
  • 50% Shares (30 Days) Aug 12, 2026
  • 50% Shares (90 Days) Oct 11, 2026
🔗 Important Links & Lead Managers
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
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