Kusumgar IPO Sees Massive Demand as Subscription Crosses 129x Ahead of Share Allotment
The Initial Public Offering (IPO) of Kusumgar Limited concluded on a resounding note, registering an impressive demand across all investor categories. The issue saw a near 129 times subscription, solidifying the strong market appetite for the company's equity shares. With the three-day bidding window now closed, the market attention pivots toward the crucial allotment process set to take place in the coming days.IPO Subscription Status Reaches Heights
The final day of bidding witnessed a significant surge in interest for Kusumgar’s public issue. The overall subscription stood at 128.83 times, illustrating the robustness of institutional and retail investor response. Qualified Institutional Buyers (QIBs) led the charge, subscribing over 284.10 times their reserved quota.The non-institutional investors (NIIs) followed with powerful interest, registering a subscription exceeding 165.45 times. The retail portion of the IPO also performed exceptionally well, being subscribed by more than 26 times, indicating widespread enthusiasm for the company’s story.
Grey Market Premium Hints at Strong Listing Debut
The immense investor demand is clearly reflected in the grey market. The latest Grey Market Premium (GMP) for the issue stands at Rs 158. This premium suggests a potential listing price around Rs 577 per share, marking a near 38% gain over the upper price band of ₹419.However, investors must be mindful that the GMP remains an unofficial and volatile indicator. It should not be taken as a guarantee of the actual listing price on the exchange.
IPO Timeline: Allotment and Listing Details
The allotment of shares for the Kusumgar IPO is scheduled to be finalized on July 13, 2026. This is the day when the company, in coordination with its registrar, will complete the distribution of shares to successful applicants.Following the allotment process, which is slated for July 13, all unallotted applications will undergo refunds and credited shares will be given to demat accounts on July 14. The share listing is tentatively scheduled for the BSE and NSE on July 15.
Company Background and IPO Structure
The public issue was structured as an offer for sale (OFS) of 1.55 crore equity shares by the company’s promoters. Consequently, the total issue raised ₹650 crore in OFS, meaning the company will not receive any proceeds from the IPO itself. The defined price band for the stock during the bidding process was set at Rs 398–Rs 419 per share.Kusumgar Limited, established in 1990, is a specialized manufacturer. The firm produces woven, coated, and laminated synthetic fabrics that are crucial for various high-stakes sectors including aerospace, defence, industrial, and automotive applications.
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