Summary of this article
Kusumgar IPO was heavily oversubscribed by 128.85 times today.
Grey market premium suggests a strong 39 percent listing.
Share allotment status will be finalized on July 13.
The subscription window of Kusumgar's initial public offering (IPO) is set to close today, on July 10. Kusumgar IPO was subscribed over 128 times on the final day of subscription. The grey market premium (GMP) for the engineered fabrics maker's shares hints at a strong debut for the stock. Here is a look at some of the key details related to Kusumgar's public issue:
Kusumgar IPO GMP
The grey market premium (GMP) for Kusumgar's shares continued to remain steady on the final day of bidding. The GMP for the engineered fabrics maker's shares is ranging between Rs 158 and Rs 165, signalling strong demand as per websites which monitor the demand for shares of unlisted companies. At the upper end of the GMP estimates, the stock is expected to list at Rs 584 per share with a premium of 39.38 per cent.
Kusumgar IPO Subscription On Day 3
On the third day of subscription, the Kusumgar IPO was oversubscribed 128.85 times. Cumulatively, the company's issue received bids for 1.47 billion shares compared to the 11.39 million shares offered for subscription.
On the third day of bidding, Kusumgar IPO was booked 165.46 times by non-institutional investors (NII) as they led the demand for the engineered fabrics maker's shares. NIIs bid for 403.1 million shares against the 2.43 million shares set aside for non-institutional investors.
Qualified institutional buyers (QIBs) subscribed to their quota in the public issue 284.10 times. QIBs placed bids for 922.90 million shares against the 3.24 million shares set aside for the category.
Retail investors booked their quota in the public issue 26.47 times as they bid for 150.39 million shares compared to the 5.68 million shares reserved for them.
Kusumgar IPO Issue Size
Kusumgar seeks to raise Rs 650 crore from its public issue. The company's issue comprises an offer for sale of 15.5 million shares.
Kusumgar IPO Price Band
Kusumgar IPO price band was set at Rs 398 and Rs 419 per share. The minimum lot size for retail individual investors was set at 35 shares, which amounts to an investment of Rs 14,665.
Kusumgar IPO: Subscription Dates and Listing Date
Kusumgar IPO subscription window opened on July 8 and is scheduled to close today on July 10. The basis of allotment for the Kusumgar IPO will be announced on July 13. Kusumgar will issue refunds for unsuccessful applicants on July 14. Kusumgar shares are scheduled to list on the NSE and BSE on July 15.
Kusumgar: Key Financials
Kusumgar posted a total income of Rs 711.78 crore in the period ended March 31, 2026. In the twelve month period, the net profit and net worth for the period ended March 31, 2026, stood at Rs 98.20 crore and Rs 502.95 crore, respectively.
Kusumgar IPO: Registrar
The registrar for Kusumgar IPO is Bigshare Services Pvt, and the book running lead managers for the issue are Axis Capital, IIFL Capital Services, and Motilal Oswal Investment Advisors.
Kusumgar: Promoters
The promoters of the company include Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and Siddharth Yogesh Kusumgar (HUF). The promoters of the company held a 90.48 per cent stake in the company; their shareholding will reduce to 74.71 per cent post the issue.
About Kusumgar
Kusumgar is a manufacturer specialising in the manufacturing of woven, coated, and laminated synthetic fabrics known as engineered fabrics. The company claims to have expertise in crafting fabrics using polyamide and polyester filaments using polyurethane chemistry. The brand primarily serves a wide range of industries including aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
