Kusumgar Shares List at 37% Premium Over IPO Price on Debut
- 15th July 2026
- 04:00 PM
- 3 min read
Summary
Kusumgar Ltd shares listed on the stock exchanges on 15 July at a strong premium over their issue price, after the initial public offering was subscribed 135.80 times. The stock debuted with double digit gains on both the NSE and BSE, taking the company's market capitalisation past Rs 6,000 crore. The issue was entirely an offer for sale.Mumbai | 15 July 2026
Shares of Kusumgar Ltd made a strong market debut on 15 July, listing at Rs 569 on the NSE, a premium of 35.80% over the issue price of Rs 419. On the BSE, the stock listed at Rs 574, a premium of 37%. The company’s market capitalisation post listing stood at Rs 6,026.50 crore.
IPO Subscription Details
The Kusumgar IPO received a strong response, getting subscribed 135.80 times in total. Category wise, the retail individual investors segment was booked 27.97 times, the non institutional investors category was subscribed 174.28 times, the qualified institutional buyers category received bids 299.51 times, and the employee quota was booked 11.09 times.
Grey Market Premium
Ahead of listing, Kusumgar’s grey market premium stood at Rs 161 per share, indicating a likely listing price of Rs 580, a premium of 38.42% over the issue price.
Grey market premium is an unofficial indicator and does not reflect the final listing price.
IPO Details
The Rs 650 crore issue had a price band of Rs 398 to Rs 419 per share and was entirely an offer for sale of 1.55 crore equity shares, with no fresh issue component. The lot size was fixed at 35 shares, requiring a minimum investment of Rs 14,665 for retail investors at the upper end of the price band. The issue included a reservation of up to 92,105 shares for employees at a discount of Rs 39 to the issue price.
Ahead of the public issue, the company raised Rs 193.9 crore from anchor investors by allotting 46,28,877 equity shares at Rs 419 per share. Axis Capital was the book running lead manager to the issue, while Bigshare Services was the registrar.
The basis of allotment was finalised on 13 July. Shares were credited to the demat accounts of successful applicants on 14 July, and refunds to unsuccessful bidders were processed the same day.
About Kusumgar Ltd
Incorporated in 1990, Kusumgar Ltd manufactures woven, coated and laminated synthetic fabrics, commonly referred to as engineered fabrics, using polyamide and polyester filaments with polyurethane chemistry. As of 31 March 2026, the company had developed more than 1,000 unique fabric types, serving industries including aerospace and defence, industrial and automotive, and outdoor and lifestyle. It has also expanded into finished products for aerospace and military applications, including parachute systems, stealth materials and rapid deployment systems.
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