Kusumgar is preparing a ₹650 crore offer for sale in its initial public offering. The move will lower the promoter holding to 75.4 percent. The engineered fabrics maker reports strong profit margins relative to listed competitors.
The company cited improved operating cash flow in the latest period after recording a deficit the year before. Revenue fell in fiscal 2026 because of postponed orders and the effect of US tariffs on exports.
Investors with a high risk tolerance are viewed as the main audience for the issue over the longer term. The listing plan comes as Kusumgar seeks to broaden its shareholder base while retaining majority control.