Kusumgar IPO

Mumbai-based Kusumgar Limited has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on September 27, 2025.

The IPO consists of an offer-for-sale (OFS) of up to Rs 650 crore by promoters, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar HUF. 

Incorporated in 1990, the company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. The company offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers. 

The company’s expertise is in manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, air permeability, and water proofing, among others. The company has leveraged our process knowledge and product development expertise to manufacture over 1,000 unique fabric configurations (referred to as stock keeping units, or SKUs) as at March 31, 2025, to build a niche for synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.

 In recent years, the company has built on its expertise and industry knowledge to expand into manufacturing finished products for aerospace and military applications, such as parachute systems, stealth solutions, and rapid deployment systems. 

The engineered fabrics industry requires precision and a high level of technical know-how (source: 1Lattice Report). The company leverages its technical strengths and partnerships to focus on high-technology applications. Its business model drives profitable growth, and the company believes it is poised for continued growth, driven by exports, global supply chain shifts, modernisation and indigenisation of military equipment, expanded product lines and technological innovations. The global engineered fabrics industry has grown from US$41.6 billion in 2019 to US$ to US$62.5 billion in 2024.

Alcobrew Distilleries India IPO

New Delhi-based  Alcobrew Distilleries India has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on September 25, 2025.

The IPO consists of a fresh issue of shares aggregating up to Rs 258.25 crore and an offer-for-sale of up to 18, 000, 000 shares by the promoter – Romesh Pandita.

The proceeds from its fresh issuance worth Rs 140 crore will be utilised for prepayment of all or a certain borrowings of the company, Rs 28.9 crore for the construction of visitor centre and new maturation hall in Gamber Valley, Solan, Himachal Pradesh, Rs 24.7 crore for market expenses for new product launches and the remainder for general corporate expenses. 

The company is an Indian IMFL manufacturing company with presence across whisky, vodka, gin, rum, and brandy categories, operating primarily in prestige and above segments. [Source: Technopak Report]. 

Over the years the company expanded its business into manufacturing and sales of high-quality liquor brands across Delhi, Punjab, Chandigarh, Uttarakhand, Chhattisgarh, Jharkhand, Leh, Jammu & Kashmir, Uttar Pradesh, Himachal Pradesh, Haryana, Odisha, Telangana, Chhattisgarh, Goa, DDS, Andaman Nicobar and Tripura. 

Further, in order to expand its operations, the company  set up its distillery at Gamber Valley in the Solan district of Himachal Pradesh in 2022 for distillation and bottling. 

As on March 31, 2025, the company manufactures and sells over 13 different brands of whisky, vodka, rum, brandy and scotch and has a total bottling capacity of 6.40 million cases with existing SKU with sales and distribution across India. 

The company became the official licensee of Davide Campari Milano N.V. “David Campheari”, for manufacturing and sales of its brands – Old Smuggler Scotch and Old Smuggler Rum in India, in 2010. 

In 2012, the company embarked on its journey of manufacturing and launched its flagship brand White & Blue Whisky, followed by Golfer’s Shot Whisky in 2014, White Hills Whisky in  2015, Alcobrew Single Oak Whisky in 2022, and Golfer’s Shot 18 Hole Whisky in 2023.

The company  has also launched several brands of rum, vodka and brandy since 2017 including Lion’s Daddy Dark Rum, Victorio Reserve Brandy in  2017 and One More Vodka in  2020. 

Onemi Technology Solutions IPO

Mumbai-based  Onemi Technology Solutions IPO has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on August 18, 2025.

The IPO consists of a fresh issue of Rs 1,000 crore and an offer-for-sale up to 8,879,575 shares by investors – Ammar Sdn Bhd, Vertex Ventures SEA Fund III

Pte. Ltd, Vertex Growth Fund Pte. Ltd,  Vertex Growth Fund II Pte. Ltd, Ventureast Proactive Fund II, Endiya Seed Co-creation Fund, VenturEast Proactive Fund LLC,  AION Advisory Services LLP, Ventureast Proactive Fund and VenturEast SEDCO Proactive Fund LLC.

The proceeds from its fresh issuance worth Rs 750 crore will be utilized for augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements and Rs 250 crore for general corporate purposes.

The company is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. The company provides swift, accessible and personalized credit solutions to support its customers throughout their financial journeys. 

The company is focused on young individuals within the mass market segment, which according to the 1Lattice Report, represents India’s emerging middle class and is aspirational. The company has 53.23 million registered users and served 9.16 million customers, as of March 31, 2025

The company maintains a highly granular loan book with over 1.90 million active customers and ₹40,866.38 million in assets under management (“AUM”) as of March 31, 2025. 

Since commencing operations in 2016, the company has built a data-first architecture that integrates Machine Language across our risk, credit and collection workflows. Its systems continuously learn from each interaction, thereby improving fraud detection, credit assessment and borrower behavior modelling over time.

The company has a Scalable technology platform integrated across functions – it has a fully tech-enabled, highly scalable, cloud-hosted lending platform, with end-to-end ownership and control of product and technology.  This includes the company’s Loan Origination System (LOS), Loan Management System (LMS) and ACS. The platform manages the company’s entire loan lifecycle – from customer onboarding to underwriting, disbursement, servicing and collections, ensuring a secure and seamless experience for its customers.