The Kusumgar IPO allotment status was announced on July 13, 2026, following an overwhelmingly positive response from investors. The public issue saw a massive subscription of 128.85 times, with Qualified Institutional Buyers leading demand, followed by Non-Institutional Investors and retail participants. As a result, many applicants saw their chances of securing shares reduced due to the high oversubscription.
How to Check Your IPO Allotment Status
Investors can verify their allotment status on the official websites of BSE, NSE, or the registrar, Bigshare Services. The process is straightforward:
- On NSE: Select the IPO, enter your application number or PAN, and submit.
- On BSE: Choose the equity issue, select Kusumgar Limited, enter your application number or PAN, complete the captcha, and submit.
- On Bigshare Services: Use the same details (PAN, application number, or DP/Client ID) to check the result.
Shares allotted to successful applicants will be credited to their Demat accounts on July 14. Unsuccessful bidders will have their blocked funds released on the same day. The company is scheduled to make its stock market debut on July 15 on both the NSE and BSE.
Kusumgar IPO GMP and Listing Expectations
The strong subscription reflects high investor confidence. The grey market premium (GMP) for the Kusumgar IPO stands at Rs. 160 as of July 13. Based on the upper issue price of Rs. 419 per share, the estimated listing price is around Rs. 579, implying a potential listing gain of approximately 38% if market conditions remain favorable. However, GMP is an unofficial indicator and can change rapidly, so the final listing price may differ.
Company Profile and IPO Details
Founded in 1990, Kusumgar manufactures engineered synthetic fabrics for industries including aerospace, defense, automotive, industrial equipment, and outdoor products. The company operates seven manufacturing units across Gujarat and Uttar Pradesh. The Rs. 650 crore IPO was entirely an Offer for Sale, meaning existing shareholders sold their shares, and the company will not receive any fresh funds from the issue.