Engineered fabric manufacturer Kusumgar Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 650 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday. Since the issue is an OFS, Mumbai-based Kusumgar will not receive any proceeds from it, and the funds will go entirely to the selling shareholders. Founded in 1990, the company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. It manufactures products primarily for aerospace and defence fabrics, industrial and automotive fabrics, and outdoor and lifestyle fabrics. The company, which has six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh, has posted revenue from operations of Rs 779 crore and net profit of Rs 112 crore for FY25. Axis Capital, IIFL Capital Services and Motilal Oswal Investment Advisors are th
Tata Capital, the Tata Group’s financial-services arm, opens its public subscription from October 6–8 with a price band of ₹310–₹326 per share.
Dhariwal Buildtech plans to raise ₹950 crore through an entire fresh issue with no offer for sale (OFS) component
As investors await the launch of the public offering, here are the key details of the IPO that every investor should consider before applying for the public issue of Advance Agrolife
This marks the conglomerate's first public market offering in nearly two years, following the successful listing of Tata Technologies in November 2024
WeWork India has set the price band for its maiden public issue in the range of ₹615 to ₹648 per equity share
Fabtech Technologies IPO: Check price band, lot size, grey market premium (GMP), allotment date, listing date, and other key details here
Om Freight Forwarders has set the price band for its IPO in the range of ₹128 to ₹135, with a lot size of 111 shares
Glottis IPO: The market analysts remain broadly optimistic on the public issue of Glottis and have recommended the investors to subscribe to the issue for the long-term perspective
According to the statement, the company allotted just over 1.91 million shares, worth ₹21 crore, to anchor investors at an issue price of ₹111 per share
37% close below issue price in debut trade in 2025 so far, against 9% last year
IPO Calendar: The SME segment is expected to be even more vibrant, with 16 IPOs slated to launch and an equal number, 16 companies, scheduled to list on the SME platforms of the stock exchanges
Through its maiden share sale, the Hyderabad-based company aims to raise ₹202.5 crore from the fresh issue of equity shares
Epack Prefab Technologies continue to trade with marginal gains in the grey market on the final day of its IPO subscription
Anand Rathi Share IPO allotment status: Investors can check their status on the official websites of the NSE, BSE and MUFG Intime India
Saatvik Green Energy shares listed at ₹465 per share, the IPO issue price, on the National Stock Exchange
Seshaasai Technologies IPO allotment today: Here's how investors can check their share allotment status online
Pace Digitek IPO: The company raised ₹245.14 crore from 15 global and domestic institutional investors through the anchor book
Investors who have applied for the Solarworld Energy Solutions IPO can check the share allotment status on the official BSE or NSE websites, or on the website of MUFG Intime India
Most of the activity has been in the small-cap space, with average mainboard deal sizes at around ₹530 crore, even as larger companies have preferred to play the waiting game