Can Kusumgar IPO deliver long-term growth for high-risk investors?
ET Intelligence Group: Engineered clothing maker Kusumgar plans to raise ₹650 crore through offer for sale. After the listing, the promoter group’s stake will reduce from 90.1% to 75.4%. The company develops customized fabric solutions for aerospace and defense, industrial, automotive and outdoor lifestyle applications. The company benefits from strong profitability, with operating margin (EBITDA … Read more