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