Kusumgar IPO Allotment Status: How To Check Share Allocation Status On BigShare, BSE, And NSE Website

The subscription window of Kusumgar's initial public offering (IPO) closed on July 10. The engineered fabrics manufacturer saw robust investor interest during its three-day bidding period. Following the closing of the bidding window, the share allotment status for the Kusumgar IPO is scheduled to be finalised on July 13.

Kusumgar IPO Subscription Details

The issue consists entirely of an offer-for-sale of 15.50 million shares and the company seeks to raise Rs 650 crore through the issue. The company is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics.

The fabric maker’s public issue was subscribed 128.85 times as it received bids for 1.47 billion shares against the 11.39 million shares offered for subscription. Employees of the company booked their quota 10.48 times. Retail investors booked their quota 26.47 times, non-institutional investors (NIIs) booked their quota 165.46 times and qualified institutional buyers (QIBs) booked their quota 284.10 times.

Kusumgar IPO GMP

Ahead of the share allotment, Kusumgar shares were trading with a grey market premium (GMP) hovering around Rs 165 per share, according to websites which monitor the demand for unlisted shares. Based on the grey market trends, shares of Kusumgar are expected to list at approximately Rs 584 per share this week, offering a premium of roughly 39.38  per cent over the upper end of the price band.

Kusumgar IPO Allotment

Investors who applied for the Kusumgar IPO can check their share allotment status through the official registrar, Bigshare Services, or on the official BSE and NSE portals once the basis of allotment is finalised.

Steps To Check Kusumgar IPO Allotment on NSE

• Head to the official NSE tracking page for IPO bids: nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select “Equity” under the issue type.

• Find and select “Kusumgar” from the drop-down list.

• Enter your Permanent Account Number (PAN) and IPO application number.

• Click the Submit button to see your allotment status.

How To See Kusumgar IPO Allotment Status On BSE Website

• Head to the BSE investor application status portal: bseindia.com/investors/appli_check.aspx

• Select the “Equity” button.

• Pick “Kusumgar” from the available active issues menu.

• Type in the PAN number used for the application or your application number.

• Click “Search” to see the share allocation status.

Steps To Check Kusumgar IPO Share Status On Registrar Website:

• Head to the official allotment page of Bigshare Services: ipo.bigshareonline.com/IPO_Status.html

• Select “Kusumgar Limited” from the company drop-down list.

• Choose which credential to search the allocation by: Application Number, Beneficiary ID, or PAN.

• Type in the details into the text box.

• Click the “Search” button to view your exact share allocation.

Kusumgar IPO Details

Kusumgar IPO is a book-built issue worth Rs 650 crore. The price band for the issue was fixed between Rs 398 and Rs 419 per share. Retail investors were required to bid for a minimum lot size of 35 shares, requiring a minimum investment of Rs 14,665.

Kusumgar IPO Listing Date

The basis of allotment for the Kusumgar IPO is scheduled to be finalised on July 13. The initiation of refunds and the credit of shares to successful investors' demat accounts will take place on July 14. The shares are set to make their stock market debut on both the NSE and BSE on July 15.