Comparison between Kusumgar IPO and Vishvaraj Environment IPO.
Kusumgar IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vishvaraj Environment IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Kusumgar IPO is up to ₹650.00 Cr whereas the issue size of the Vishvaraj Environment IPO is up to ₹2,250.00 Cr. The final issue price of Kusumgar IPO is ₹419.00 per share and of Vishvaraj Environment IPO is .
| Kusumgar IPO | Vishvaraj Environment IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹5 per share |
| Issue Price (Lower) | ₹398.00 per share | |
| Issue Price (Upper) | ₹419.00 per share | |
| Issue Price (Final) | ₹419.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹39.00 per share | |
| Market Lot Size | 35 shares | |
| Fresh Issue Size | 0 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹1,250.00 Cr |
| OFS Issue Size | 1,55,21,350 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹650.00 Cr | up to ₹1,000.00 Cr |
| Issue Size Total | 1,55,21,350 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹650.00 Cr | up to ₹2,250.00 Cr |
Kusumgar IPO opens on Jul 08, 2026, while Vishvaraj Environment IPO opens on . The closing date of Kusumgar IPO and Vishvaraj Environment IPO is Jul 10, 2026, and , respectively.
| Kusumgar IPO | Vishvaraj Environment IPO | |
|---|---|---|
| Anchor Bid Date | Jul 07, 2026 | |
| Issue Open | Jul 08, 2026 | |
| Issue Close | Jul 10, 2026 | |
| Basis Of Allotment (Tentative) | Jul 13, 2026 | |
| Initiation of Refunds (Tentative) | Jul 14, 2026 | |
| Credit of Share (Tentative) | Jul 14, 2026 | |
| Listing date (Tentative) | Jul 15, 2026 | |
| Anchor Lockin End date 1 | Aug 12, 2026 | |
| Anchor Lockin End date 2 | Oct 11, 2026 |
Kusumgar IPO P/E ratio is 44.8, as compared to Vishvaraj Environment IPO P/E ratio of .
| Kusumgar IPO | Vishvaraj Environment IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Kusumgar Ltd.'s revenue decreased by 10% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 89.44 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 44.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹4399.14 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.82 | 39.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.76 | 24.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.44 | 0.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.82 | 36.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kusumgar IPO Retail Individual Investors (RII) are offered 54,00,358 shares while in Vishvaraj Environment IPO retail investors are offered 54,00,358 shares. Qualified Institutional Buyers (QIB) are offered 30,85,919 shares in Kusumgar IPO and 0 shares in Vishvaraj Environment IPO.
| Kusumgar IPO | Vishvaraj Environment IPO | |
|---|---|---|
| Anchor Investor Reservation | 46,28,877 shares | 0 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 30,85,919 shares | 0 shares |
| NII | 23,14,439 shares | 0 shares |
| RII | 54,00,358 shares | 0 shares |
| Employee | 92,105 shares | 0 shares |
| Others | ||
| Total | 1,55,21,698 shares | 0 shares |
Kusumgar IPO subscribed 95.23x in total, whereas Vishvaraj Environment IPO subscribed .
| Kusumgar IPO | Vishvaraj Environment IPO | |
|---|---|---|
| QIB (times) | 299.09x | |
| NII (times) | 174.19x | |
| Big NII (times) | 189.30x | |
| Small NII (times) | 143.97x | |
| RII (times) | 27.95x | |
| Employee (times) | 11.09x | |
| Other (times) | ||
| Total (times) | 95.23x |
