Kusumgar IPO Price Band Set at Rs 398–419 with Rs 650-Crore Issue Opening July 8 and GMP at 33%.

Kusumgar, a prominent manufacturer of engineered synthetic fabrics in India, has announced the pricing details for its Initial Public Offering (IPO), setting a price band of Rs 398 to Rs 419 per equity share for its Rs 650-crore offering. The IPO is slated to open for subscription from July 8, 2026, to July 10, 2026. As part of an Offer for Sale (OFS), all proceeds from the IPO will go to selling shareholders, with no fresh capital being raised. Investors can bid for a minimum of 35 equity shares, and the total outstanding equity shares prior to the offering stand at approximately 104.99 million.

Market sentiment around Kusumgar’s IPO appears optimistic, evident from its current Grey Market Premium (GMP) of Rs 139 per share, suggesting a potential listing price of around Rs 558, approximately 33% above the upper end of the price band. This healthy demand in the grey market reflects investor confidence, which could be attributed to the company’s robust financial performance, showcasing a revenue increase from Rs 467.9 crore in FY24 to Rs 692 crore in FY26, alongside an improved net profit margin.

For Indian investors, Kusumgar’s forthcoming IPO represents a substantial opportunity to participate in a business that is not only expanding but also demonstrating consistent profitability. With the allocation strategy favoring a significant portion for Qualified Institutional Buyers (50%), Non-Institutional Investors (15%), and Retail Individual Investors (35%), the offer is structured to cater to varied investor categories, inclusive of a share reservation for eligible employees. The strong grey market signal, paired with Kusumgar’s established manufacturing capabilities, positions this IPO as a notable event in the Indian capital market landscape.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)