IPO Center

Kusumgar Limited

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· ₹398 – ₹419 · ₹684.7 Cr

Last updated: 06 Jul 2026, 04:36 pm · 11h ago
IPO Snapshot
53/ 100
Opportunity Score
🟢 Attractive
Broker Consensus
Neutral
GMP %
+40.81%
Subscription
N/A
P/E
43.29x
ROE
25.82%
ROCE
24.76%

“Broker Consensus” is StockFinder's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

Valuation · at upper band ₹419

🟢 Attractive
Market Cap (Post-IPO)
₹1,217.61 Cr
Market Cap (Pre-IPO)
Not Available
Enterprise Value
₹1,351.55 Cr
EPS
₹9.68
P/E (upper band)
43.29x
P/B
8.45x
EV / EBITDA
15.43x
RoNW
25.82%
ROE
25.82%
ROCE
24.76%
Debt / Equity
0.93
Premium vs Peers
-24.63% (discount)

Peer Valuation Comparison

CompanyMarket CapP/EP/BROEROCE
Kusumgar Limited (this IPO)₹1,217.61 Cr43.29x8.45x25.82%24.76%
Powerica LimitedcheapestNot Available24.45x3.74x15.37%Not Available
Cummins India LimitedNot Available64.13x16.96x26.45%Not Available
Kirloskar Oil Engines LimitedNot Available43.24x6.86x15.85%Not Available
NTPC Green Energy LimitedpriciestNot Available129.40x3.96x2.58%Not Available
Acme Solar Holdings LimitedNot Available50.74x3.10x5.59%Not Available
Adani Green Energy LimitedNot Available101.53x11.09x11.9%Not Available

Cheapest by P/E: Powerica Limited (24.4x) · Most expensive: NTPC Green Energy Limited (129.4x)

Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA
  • Premium vs Peers = (IPO P/E − Peer Median P/E) ÷ Peer Median P/E

Financial data (EPS, NAV, ratios) source: IPO Watch (ipowatch.in). Ratios computed at the upper price band; not investment advice.

Company Overview

Kusumgar IPO date is July 8, 2026. Check the Kusumgar IPO review, price, lot size, financial results, valuations & more details.

GMP (Grey Market Premium)

171+40.81%

IPO Watch (grey market, unofficial) — not investment advice. Updated 06 Jul 2026, 04:36 pm.

Subscription

Bidding not started.

Timeline

Open Date
08 Jul 2026
Close Date
10 Jul 2026
Allotment Date
Listing Date

Lot Size & Offer

Lot Size
Not Available
Min Investment
Not Available
Fresh Issue
Not Available
Offer for Sale
Not Available

Reservation

QIB
Not Available
NII
Not Available
Retail
Not Available
Employee
Not Available

Objectives of the Issue

  • 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

Financial Highlights (₹ Cr)

PeriodRevenuePATAssetsNet Worth
2023184.8132.1251.58
2024206.4534.44339.25
2025322.5828.13455.49
Dec 2025236.538.69561.34
Revenue Growth
+56.25%
PAT Growth
-18.32%
EBITDA
₹87.58 Cr
EBITDA Margin
27.15%
ROE
25.82%
ROCE
24.76%
Debt / Equity
0.93
Net Worth
Not Available

Promoter Holding

Pre-Issue
90.48%
Post-Issue
Not Available

Registrar & Lead Managers

Registrar
Purva Sharegistry (India) Pvt. Ltd.
Lead Managers
Not Available

Offer Documents

Market data: NSE (official calendar + subscription) · IPO Watch (unofficial GMP) · updated 06 Jul 2026, 04:36 pm

Fundamentals: IPO Watch (ipowatch.in) · fetched 06 Jul 2026, 01:03 pm

IPO calendar and subscription from NSE. GMP is an unofficial grey-market estimate (IPO Watch) — not investment advice. Company fundamentals (financials, peers) are not part of the live feed.