Kusumgar Limited
Against an issue price of ₹419. Split- and bonus-adjusted official closes — a past move, never a forecast.
Kusumgar Limited was a mainboard initial public offer.
The book was open from 8 July 2026 to 10 July 2026.
The issue was priced at ₹419 a share, from a band of ₹398 to ₹419.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
23 anchor investors were allotted shares before the book opened, worth ₹194 crore.
The shares listed on 15 July 2026.
The last official close on file is ₹610 (21 September 2026), which is 45.7% above the issue price.
It now trades as KUSUMGAR, and its filed financials are on its company page.
Shares sold in the issue at ₹419 last closed at ₹610.35.
See KUSUMGAR’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- Registrar
- Bigshare Services Private Limited
- Lead managers
- Axis Capital Limited
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Limited
- Bidding opens8 Jul 2026
- Bidding closes10 Jul 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing15 Jul 2026
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 5 of them are domestic mutual funds; we could not classify 17 of the names either way.
| BLACKROCK GLOBAL FUNDS - INDIA FUND | ₹20 cr |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | ₹20 cr |
| WHITEOAK CAPITAL BALANCED ADVANTAGE FUND | ₹17.1 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VALUE FUNDmutual fund | ₹11.6 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUNDmutual fund | ₹11.6 cr |
| SBI COMMA FUND | ₹11.3 cr |
| SBI CONSUMPTION OPPORTUNITIES FUND | ₹11.2 cr |
| INDIA ACORN FUND LTD | ₹10 cr |
| MOTILAL OSWAL DYNAMIC FUND | ₹10 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUNDmutual fund | ₹9.3 cr |
| BANDHAN SMALL CAP FUND | ₹9 cr |
| AXIS MAX LIFE INSURANCE LIMITED | ₹7.5 cr |
| KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD. | ₹5.4 cr |
| TATA FLEXI CAP FUND | ₹5.4 cr |
| ISIF EQUITY LONG-SHORT FUND | ₹5.1 cr |
| ICICI PRUDENTIAL ELSS TAX SAVER FUND | ₹5.1 cr |
| ISIF HYBRID LONG - SHORT FUND | ₹5.1 cr |
| MIRAE ASSET MULTI ASSET ALLOCATION FUND | ₹5 cr |
| MIRAE ASSET INFRASTRUCTURE FUND | ₹5 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INNOVATION FUNDmutual fund | ₹3.5 cr |
| WHITEOAK CAPITAL AGGRESSIVE HYBRID FUND | ₹2.9 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY SAVINGS FUNDmutual fund | ₹1.8 cr |
| BANDHAN INNOVATION FUND | ₹1 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment14 Aug 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment13 Oct 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment15 Jan 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment15 Jan 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹8.32 | ₹8.32 | 1 |
| FY2025 | ₹11.03 | ₹10.81 | 2 |
| FY2026 | ₹9.68 | ₹9.31 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Restated figures the issuer is required to publish in its offer document, covering the years before it came to market.
| Line | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| EBITDA(₹ million) | 1,318.47 | 1,883.89 | 1,878.5 |
| Equity Share Capital(₹ million) | 19.9 | 101.49 | 119 |
| Net Asset Value per Equity Share(₹ per share) | 7,053.22 | 25.4 | 49.56 |
| Net Worth(₹ million) | 1,403.59 | 2,577.52 | 5,029.54 |
| Profit after tax(₹ million) | 843.96 | 1,119.88 | 982 |
| Revenue from Operations(₹ million) | 4,679.08 | 7,789.97 | 6,920.03 |
| Return on Net Worth (in %)(%) | 60.13 | 43.45 | 19.52 |
| Total Borrowings(₹ million) | 765.33 | 2,465.01 | 2,235.82 |
Figures as filed by the issuer in its offer document.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Arvind Limited | — | — | 10.9% | 15.80 | ₹93,032 cr |
| Garware Technical Fibres Limited | — | — | 15.3% | 20.01 | ₹15,288 cr |
| SRF Limitednot in our universe | — | — | 13.8% | 61.91 | ₹1,57,865 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Axis Capital Limited 2021 – 2026 | 85 18 measurable | +11.7% | 4 of 14 | 1 of 5 | 2 of 8 |
IIFL Capital Services Limited 2024 – 2026 | 29 12 measurable | +17.3% | 1 of 5 | — | 0 of 2 |
Motilal Oswal Investment Advisors Limited 2022 – 2026 | 40 8 measurable | +22.8% | 2 of 5 | 0 of 1 | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Bigshare Services Private Limited 2021 – 2026 | 214 16 measurable | +19.0% | 4 of 13 | 5 of 7 | 3 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive13 Jul 2026
- Red herring prospectus (RHP)· ZIP · exchange archive1 Jul 2026
- Draft red herring prospectus (DRHP)· PDF · exchange archive27 Sept 2025
- Abridged prospectus· PDF · exchange archive2 Jul 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.