Kusumgar Limited Raises Rs 193.9 Crore from Anchor Investors

Mumbai, July 07, 2026: Kusumgar Limited, which is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics, has garnered Rs 193.9 crore from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, July 8, 2026.

 

The company informed the bourses that it allocated 46,28,877 equity shares at Rs 419 per share to anchor investors.

 

Some of the marquee institutions that participated in the anchor include Blackrock Global Funds - India Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio and Kotak Mahindra Life Insurance Company.

 

Amongst equity- oriented schemes, the company has allocated shares to SBI Comma Fund, ICICI Prudential ELSS Tax Saver Fund, Tata Flexi Cap Fund and Mirae Asset Infrastructure Fund.

 

Out of the total allocation of 46,28,877 equity shares to the anchor investors, 31,26,805 were allocated to 9 domestic mutual funds through 18 schemes.

 

Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.

 

IPO Details

The Initial Public Offering (“IPO” or “Issue”) of the company will open on Wednesday, July 8, 2026, and close on Friday, July 10, 2026. Price band of Rs 398/- Rs 419/- per Equity Share bearing face value of Re 1 each (“Equity Shares”)

 

Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

 

Company Information

The company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. The company offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers.