Kusumgar Limited, a company engaged in the research, development, and manufacturing of speciality technical textiles, has launched its Initial Public Offering (IPO) aggregating up to ₹650 crore, comprising an offer for sale of equity shares by the selling shareholders.
This IPO marks a significant capital markets transaction in India’s technical textiles sector — a segment witnessing strong growth due to rising domestic and export demand for industrial and defence-grade applications.
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Legal Advisory
Khaitan & Co
Khaitan & Co acted as legal counsel to Kusumgar Limited and the Selling Shareholders on this IPO.
Transaction Team:
Madhur Kohli, Partner
Vaibhav Mittal, Partner
Ira Pandya, Senior Associate
Aastha Ulhas Dhuppad, Associate
Deeksha Kankane, Associate
Srishti Jain, Associate
TT&A (Talwar Thakore & Associates)
TT&A advised the Book Running Lead Managers (BRLMs) — Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited — on this IPO.
Transaction Team:
Abhinav Kumar, Partner
Shubham Sancheti, Managing Associate
Indira Satish, Senior Associate
Dhruvi Shah, Associate
Daniyal Khan, Associate
Pritika Mehrotra, Associate
Soham Vakil, Associate
Mihika Ambikar, Paralegal
Duane Morris & Selvam LLP
Duane Morris & Selvam LLP served as the international legal counsel to the Book Running Lead Managers on this IPO.
About the Company
Founded in 1970, Kusumgar Limited is one of India’s pioneering manufacturers of speciality technical textiles catering to industrial, defense, aerospace, and geotextile applications.
The company focuses on R&D-driven innovation and manufactures high-performance woven and coated fabrics used in:
Industrial filtration
Ballistic protection
Reinforcement materials
Infrastructure applications
With an export presence across multiple continents, Kusumgar has positioned itself as a global supplier for advanced textile solutions.
Strategic Significance
The IPO provides an opportunity for investors to participate in India’s booming technical textiles sector, which is projected to grow at a double-digit CAGR over the next decade.
Reflects increasing investor appetite for manufacturing and export-oriented businesses.
Showcases the deepening participation of leading Indian and international law firms in mid-market public offerings.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
