211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Kusumgar Limited IPO Analysis

Kusumgar IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to Textiles - Fabrics sector. Axis Capital , IIFL Securities , Motilal Oswal Investment Advisors are the merchant bankers of Kusumgar IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th September 2025.

Kusumgar IPO posted revenues of ₹ 779.00 Cr. and PAT of ₹ 111.99 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 779.00 Cr.
            EBITDA: ₹ 188.39 Cr.
            PAT: ₹ 111.99 Cr.
  • EBITDA Margin: 24.18 %
            Pat Margin: 14.38 %
  • Net Worth: ₹ 257.75 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 1.15 times
Nature of IPO : MainBoard Upcoming
Exchange : BSE,NSE
IPO Type : Book Building

Kusumgar Limited IPO Financial Performance (Restated)

Financial results of Kusumgar IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23
Balance Sheet
Assets 632.40 584.74 253.87
Net Worth 257.75 140.36 55.61
Total Debt 246.50 76.53 47.50
Profit & Loss
Revenue
Revenue on annualised basis
779.00 467.91 301.65
EBITDA
EBITDA on annualised basis
188.39 131.85 67.86
PAT
PAT on annualised basis
111.99 84.40 37.22
Financials
FY25
FY24
FY23
Balance Sheet
Assets
632.40
584.74
253.87

Net Worth
257.75
140.36
55.61

Total Debt
246.50
76.53
47.50

Profit & Loss
Revenue
Revenue on annualised basis
779.00
779.00
467.91
301.65

EBITDA
EBITDA on annualised basis
188.39
188.39
131.85
67.86

PAT
PAT on annualised basis
111.99
111.99
84.40
37.22

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Kusumgar Limited IPO Key performance Indicators (KPI)

Kusumgar IPO PAT Margin is 14.38 % , ROCE (Return on Capital Employed) is 42.89 % as per latest financial. The below table shows Kusumgar IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23
EBITDA Margin (%) 24.18 28.18 22.50
PAT Margin (%) 14.38 18.04 12.34
EPS (₹) 11.03 8.32 3.67
ROE (%) 43.45 60.13 66.93
ROCE (%) 42.89 55.87 64.81
ROA (%) 17.71 14.43 14.66
Debt to Equity 0.96 0.55 0.85
Particulars
FY25
FY24
FY23

EBITDA Margin (%)
24.18
28.18
22.50

PAT Margin (%)
14.38
18.04
12.34

EPS (₹)
11.03
8.32
3.67

ROE (%)
43.45
60.13
66.93

ROCE (%)
42.89
55.87
64.81

ROA (%)
17.71
14.43
14.66

Debt to Equity (x)  
0.96
0.55
0.85

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Kusumgar IPO Valuation Metrics

The market Capitalisation of Kusumgar IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
25.40

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Kusumgar Limited prospectus?

The Kusumgar IPO prospectus highlights an Return on Equity (ROE) of 43.45 % , Return on Assets (ROA) of 17.71 %, and an EBITDA Margin of 24.18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Kusumgar Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Kusumgar IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Kusumgar Limited IPO ?

The post-IPO market capitalisation of Kusumgar IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Kusumgar Limited IPO?

The Kusumgar IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Kusumgar IPO?

Kusumgar IPO reported revenue of ₹ 779.00 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Kusumgar IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Kusumgar IPO?

Kusumgar recorded an EBITDA of ₹ 188.39 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Kusumgar IPO?

Kusumgar Profit After Tax (PAT) is ₹ 111.99 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 779.00 Cr.
            EBITDA: ₹ 188.39 Cr.
            PAT: ₹ 111.99 Cr.
  • EBITDA Margin: 24.18 %
            Pat Margin: 14.38 %
  • Net Worth: ₹ 257.75 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Kusumgar operates in Textiles - Fabrics and Manufacturer Of Woven, Coated, And Laminated Synthetic Fabrics, Commonly Referred To As Engineered Fabrics. The Issue is listed on BSE,NSE in Oct, 2025. Kusumgar IPO size was with Issue price of .

Merchant Banker(s) of Kusumgar IPO: Axis Capital Limited , IIFL Securities Limited , Motilal Oswal Investment Advisors Limited

Kusumgar IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Kusumgar IPO listed at a listing price of against the offer price of .

The current market price of Kusumgar is .

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