Kusumgar Ipo
Kusumgar IPO Review & Key Points
Review: May Apply
IPO Lead Managers aka Merchant Bankers
Axis Capital Ltd.
IIFL Capital Services Ltd.
Motilal Oswal Investment Advisors Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 8, 2026 |
| IPO Close Date | July 10, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹398 to ₹419 Per Share |
| Issue Size | Approx ₹650 Crores |
| Offer for Sale: | Approx 1,55,13,126 Equity Shares |
| Issue Type | Book-built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 35 | ₹14,665 |
| Retail Maximum | 13 | 455 | ₹1,90,645 |
| S-HNI Minimum | 14 | 490 | ₹2,05,310 |
| S-HNI Maximum | 68 | 2,380 | ₹9,97,220 |
| B-HNI Minimum | 69 | 2,415 | ₹10,11,885 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 46,28,877 Shares | 29.84% |
| QIB (Ex. Anchor) | 30,81,634 Shares | 19.86% |
| NII Shares Offered | 23,13,153 Shares | 14.91% |
| Retail Shares Offered | 53,97,357 Shares | 34.79% |
| Anchor Bidding Date | July 7, 2026 |
| Anchor Investors List | |
| Shares Offered | 46,28,877 Shares |
| Anchor Size | 193.95 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 12, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 11, 2026 |
| IPO Open Date: | July 8, 2026 |
| IPO Close Date: | July 10, 2026 |
| Basis of Allotment: | July 13, 2026 |
| Refunds: | July 14, 2026 |
| Credit to Demat Account: | July 14, 2026 |
| IPO Listing Date: | July 15, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 10,49,91,372 | 90.48% |
| Promoter Holding Post Issue | 10,49,91,372 | -% |
| Purpose | Crores |
| Carry out the Offer for Sale of [●] Equity Shares of face value of Rs 1 each, aggregating up to Rs 6,500 million by the Promoter Selling Shareholders | ₹- |
| Achieve the benefits of listing the Equity Shares on the Stock Exchanges | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹474.55 | ₹359.48 | ₹84.40 | ₹584.74 |
| 2025 | ₹790.21 | ₹639.43 | ₹111.99 | ₹632.40 |
| 2026 | ₹711.78 | ₹576.82 | ₹98.20 | ₹905.07 |
| KPI | Values |
| ROE: | 25.82% |
| ROCE: | 24.76% |
| EBITDA Margin: | 27.15% |
| PAT Margin: | 13.80% |
| Debt to equity ratio: | 0.93 |
| Earning Per Share (EPS): | ₹9.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.82% |
| Net Asset Value (NAV): | ₹49.56 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Garware Technical Fibres Limited | 20.01 | 39.80 | 15.29% | 136.44 | 1,528.79 Cr. |
| Arvind Limited | 15.80 | 32.72 | 10.91% | 154.47 | 9,303.19 Cr. |
| SRF Limited | 61.91 | 43.77 | 13.76% | 473.74 | 15,786.51 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |