Kusumgar LT. India IPO price band set at INR398-INR419/share

Kusumgar Limited has set its initial public offering (IPO) price band at INR398 to INR419 per share. The company’s IPO will open for subscription on July 8, 2026, and close on July 10, 2026. Investors are required to complete UPI mandates by July 10, 2026, at 5:00 PM. The allotment of shares is expected to be finalized on July 13, 2026, with refunds initiated and shares credited on July 14, 2026. The shares are scheduled to be listed on the stock exchange on July 15, 2026.

Kusumgar Limited is a manufacturer of technical textile fabrics and solutions, operating across four key segments: Aerospace and Defence Fabrics, Aerospace and Defence Solutions, Industrial and Automotive Fabrics, and Outdoor and Lifestyle Fabrics. The company manages its value chain in-house, from yarn selection to coating and finishing, enabling it to produce customised solutions for diverse industrial applications.

However, the company faces certain risks, including concentration of revenue from a limited number of customers and suppliers, as well as geographic concentration of its manufacturing facilities in Gujarat. These factors could expose the business to operational and demand uncertainties.