Kusumgar IPO GMP Today: Subscribed 25.75x on Day 3, Listing on 15 July
- 10th July 2026
- 11:30 AM
- 3 min read
Summary
Kusumgar Ltd's IPO closes for subscription today, having raised ₹193.9 crore from anchor investors. The issue was subscribed 25.75x as of day three. Grey market premium stood at ₹159, indicating a 37.95% listing gain over the ₹419 upper price band. Listing is scheduled for 15 July.Mumbai | 10 July 2026
Kusumgar Ltd’s initial public offering closes for subscription today, Friday, 10 July, after opening on Wednesday, 8 July. The company, a manufacturer of woven, coated and laminated synthetic fabrics, also known as engineered fabrics, raised ₹193.9 crore from anchor investors ahead of the issue opening.
What Is the Kusumgar IPO Subscription Status?
As of day three, at 11:14 am IST, the Kusumgar IPO was subscribed 25.75x overall, as per Chittorgarh data.
| Category | Subscription (day 3, 11:14 am) |
| Retail | 15.13x |
| Non-Institutional Investors (NII) | 81.78x |
| Qualified Institutional Buyers (QIB, ex-anchor) | 2.87x |
| Overall | 25.75x |
What Is the Kusumgar IPO GMP Today?
The Kusumgar IPO GMP today stands at ₹159, as per investorgain.com data. Considering the upper end of the price band, the estimated listing price works out to ₹578 apiece, a premium of 37.95% over the issue price of ₹419.
Grey market premium is an unofficial indicator based on unregulated trading and may not reflect actual listing performance.
What Are the Kusumgar IPO Details?
The IPO is entirely an offer for sale of 1.55 crore equity shares, in a price band of ₹398 to ₹419 per share. No fresh capital is being raised; all proceeds will go to the selling shareholders, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar HUF.
The lot size is fixed at 35 equity shares, with bids in multiples thereafter. The minimum investment for a retail applicant, at one lot at the upper price band, works out to ₹14,665. Of the issue, up to 50% is reserved for QIBs, at least 15% for NIIs and at least 35% for retail investors. Shares worth ₹3.5 crore are reserved for eligible employees, who receive a ₹39 per share discount.
At the upper price band, the company allotted 46,28,877 equity shares to anchor investors at ₹419 apiece. Participants included BlackRock Global Funds – India Fund, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio and Kotak Mahindra Life Insurance Company, among others.
The book-running lead managers are Axis Capital, IIFL Capital Services and Motilal Oswal Investment Advisors.
What Is the Kusumgar IPO Allotment and Listing Timeline?
The basis of allotment is expected to be finalised on Monday, 13 July. Refunds are likely to be initiated on Tuesday, 14 July, with shares credited to successful applicants’ demat accounts the same day. The company’s shares are tentatively scheduled to list on the BSE and NSE on Wednesday, 15 July.
Outlook
The Kusumgar IPO closes for subscription today. Final bidding numbers and grey market movement will be tracked through the close of the session.
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