Another manufacturer is headed for the stock market. Kusumgar Limited, which makes high-performance engineered fabrics, will open its ₹650 crore initial public offering on July 8, 2026. The company supplies the defence, aerospace, automotive and industrial sectors — all of them growing — and its steady expansion shows up clearly in the numbers. That track record is likely to draw solid investor attention when the issue opens.

The price band has been set at ₹398 to ₹419 per equity share. The offering is entirely an Offer for Sale worth ₹650 crore and stays open from July 8 to July 10. Investors need to apply for a minimum of 35 shares. The company has also carved out ₹3.5 crore worth of shares for eligible employees, who get a discount of ₹39 per share.

The financials give the pitch some weight. For FY2026, Kusumgar posted operating revenue of ₹692 crore and net profit of ₹98.2 crore — figures that point to a business running in good shape.

Founded in 1990, the company has spent more than three decades building its name in synthetic engineered fabrics. Its materials turn up across a wide spread of industries: aerospace, defence, automotive, industrial applications and outdoor lifestyle products.

Manufacturing sits at the core of the operation. Kusumgar runs six plants in Gujarat and one in Uttar Pradesh, with a fully integrated setup that handles the whole chain — from yarn production through coating, lamination and fabrication. The company has developed over 1,000 fabric configurations so far, and it's leaning on continuous innovation and a quality-first approach to keep that growth going.