Kusumgar IPO GMP Surges Above 40% as Fabric and Power Sector Offer Strong Investor Appeal

Kusumgar IPO GMP Surges Above 40% as Fabric and Power Sector Offer Strong Investor Appeal​

Engineered Fabric Market Booming Ahead of Kusumgar IPO Listing​

The grey market premium (GMP) for the Initial Public Offering (IPO) of engineered fabric manufacturer, Kusumgar, has significantly crossed the 40 percent mark ahead of its planned subscription period. The company is set to raise ₹650 crore with a fixed price band spanning from Rs 398-419 per share.

Based on current tracking platforms, Kusumgar shares are commanding a highly anticipated GMP ranging between 40 and 41 percent. Investorgain estimates the listing gain at 40.57 percent, while IPO Watch pegs the GMP slightly higher at 40.81 percent. The public subscription for this issue is scheduled to begin on July 8 and conclude on July 10.

Kusumgar was founded in 1990 and specializes in manufacturing woven, coated, and laminated synthetic fabrics. Its diverse product lines include critical aerospace and defense fabrics, industrial and automotive fabrics, and outdoor lifestyle fabrics. The company maintains a robust operational presence with six manufacturing facilities located in Gujarat and one fabrication unit situated in Uttar Pradesh.

Investor Interest Grows for Power Cable Manufacturer Laser Power Infra IPO​

In parallel to Kusumgar's strong market anticipation, the integrated power cables and transmission products manufacturer, Laser Power &Infra Ltd (LPIL), is also attracting substantial interest ahead of its debut. LPIL has fixed its price band at Rs 203-214 per share for a ₹742 crore public issue.

The grey market premium for LPIL stands at approximately 20 to 21 percent, signaling robust investor confidence in the power infrastructure segment. The IPO details indicate that the anchor investor portion will open on July 8, followed by the main subscription period from July 9 to July 13.

LPIL operates as a licensed stranding partner of US-based TS Conductor, enabling it to manufacture advanced high-capacity transmission conductors exclusively within India. This strategic partnership underscores its position in the evolving domestic infrastructure market.

Financial Snapshot and Operational Scale for Both IPO Companies​

For the financial year ending in FY26, Kusumgar demonstrated strong performance, reporting revenue from operations of ₹692 crore alongside a net profit of ₹98.2 crore. The company’s commitment to specialized fabrics is evident through its extensive production network spanning across two states.

LPIL reported impressive operational metrics for the financial year ended March 31, 2026. The company generated revenue from operations totaling ₹2,326 crore and achieved a profit after tax of ₹151 crore. Looking ahead, LPIL boasts an order book valued at ₹3,243 crore as of March 31, 2026.

The order book breakdown further reveals the market breadth captured by LPIL. Of this total amount, ₹1,668 crore is allocated to the manufacturing business, while a significant portion of ₹1,574 crore pertains to the EPC (Engineering, Procurement, and Construction) business segment. The company maintains three manufacturing facilities in West Bengal, with a combined installed capacity reaching 85,448 metric tonnes as of March 31, 2026.