Kusumgar Limited has made an initial public offering comprising an offer for sale of Equity Shares by the Selling Shareholders aggregating up to ₹650 crore.

Khaitan & Co advised Kusumgar and the Selling Shareholders on this IPO.

The transaction team consisted of Madhur Kohli (Partner), Vaibhav Mittal (Partner), Ira Pandya (Senior Associate), Aastha Ulhas Dhuppad (Associate), Deeksha Kankane (Associate), Srishti Jain (Associate).

TT&A advised the Book Running Lead Managers Axis Capital Limited, IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited on this IPO.

The transaction team was led by Abhinav Kumar (Partner), Shubham Sancheti (Managing Associate), Indira Satish (Senior Associate), Associates Dhruvi Shah, Daniyal Khan, Pritika Mehrotra, Soham Vakil and Mihika Ambikar (Paralegal).

Duane Morris & Selvam served as the international counsel to the BRLMs.

Since 1970, Kusumgar Limited has been engaged in the research, development and manufacturing of speciality technical textiles for niche applications in India and abroad.

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