- Price band of Rs 398/- – Rs 419/- per Equity Share bearing face value of Re 1 each (“Equity Shares”)
- Bid/Offer Opening Date- 08 July, 2026 and Bid/Offer Closing Date – 10 July, 2026.
- Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter
Kusumgar Limited has announced the price band for its maiden Initial Public Offering (IPO), fixing it at ₹398 to ₹419 per equity share of face value Re 1 each. The public issue will open for subscription on July 8, 2026, and close on July 10, 2026.
The IPO comprises an Offer for Sale (OFS) aggregating up to ₹650 crore. Investors can bid for a minimum of 35 equity shares and in multiples of 35 equity shares thereafter. As on date, the company has 104,991,372 outstanding equity shares of face value Re 1 each.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
The company has earmarked shares worth ₹3.5 crore for its eligible employees, who will be offered the shares at a discount of ₹39 per share on the final issue price.
For the financial year FY26, the company reported revenue from operations of ₹692 crore, compared with ₹467.9 crore in FY24. Net profit for FY26 stood at ₹98.2 crore, up from ₹84.3 crore in FY24.
Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are acting as the Book Running Lead Managers for the issue, while Bigshare Services Private Limited has been appointed as the registrar to the offer.
The equity shares are proposed to be listed on BSE and NSE.
