Search

Cookies

We use cookies to improve your experience. By continuing, you accept our use of cookies.

  • Home
  • Business
  • Kusumgar IPO Allotment Finalized: Check Your Status, GMP, and Listing Details

Business

Kusumgar IPO Allotment Finalized: Check Your Status, GMP, and Listing Details

· · 3 min read

Kusumgar, a manufacturer of engineered fabrics, finalized its IPO share allotment on July 12, 2026, after a massive 128.85 times oversubscription. Investors can now check their allotment status on BSE, NSE, or the registrar's portal, with shares expected to list on July 15.

The initial public offering (IPO) for Mumbai-based Kusumgar, a prominent manufacturer of engineered fabrics, saw its share allotment finalized on Monday, July 12, 2026. The issue, which ran from July 8 to July 10, generated significant investor interest, leading to an oversubscription of 128.85 times.

Kusumgar offered its shares in a price band of Rs 398-419 apiece, with a lot size of 35 shares. The company successfully raised Rs 650 crore through an entirely offer-for-sale (OFS) of up to 1,55,13,126 equity shares.

Strong Investor Demand Across Categories

The IPO witnessed robust demand from all investor categories. Qualified Institutional Bidders (QIBs) led the way with a staggering 284.10 times subscription. Non-Institutional Investors (NIIs) also showed strong participation, subscribing 165.46 times. Retail investors booked their portion 26.47 times, while the employee segment was subscribed 10.48 times.

Odds of Allotment

  • Big HNI Category: Approximately 1 investor out of 37 received 490 shares (2.70% probability).
  • Small HNI Category: Roughly 1 investor out of 137 received 490 shares (0.73% probability).
  • Retail Category: About 1 investor out of 22 received 35 shares (4.54% probability).

Grey Market Premium (GMP) and Listing Expectations

The Grey Market Premium (GMP) for Kusumgar has remained stable following the strong bidding, reflecting positive market sentiment. The last reported GMP stood at Rs 160-165 per share, indicating a potential listing gain of 38-40 percent for investors. Prior to bidding, the GMP was in the range of Rs 135-140.

How to Check Your Kusumgar IPO Allotment Status

Investors can check their allotment status through the following official channels:

1. Via BSE Website

  1. Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Kusumgar Limited'.
  4. Enter your application number.
  5. Input your PAN card ID.
  6. Complete the 'I am not a Robot' verification and click 'Search'.

2. Via NSE Website

  1. Go to the NSE investor portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'KUSUMGAR'.
  4. Enter your PAN number and Application number.
  5. Click 'Submit' to view your status.

3. Via Bigshare Services (Registrar)

  1. Access the Bigshare Services portal: https://ipo.bigshareonline.com/IPO_Status.html
  2. Select the Kusumgar IPO from the dropdown menu (it will appear once allotment is finalized).
  3. Choose one of three modes to check: Application number/CAF No, Beneficiary ID, or PAN ID.
  4. Enter the required details for your chosen mode.
  5. Fill in the security captcha accurately.
  6. Click 'Search' to ascertain your allotment status.

Axis Capital, Motilal Oswal, and IIFL Capital served as the book-running lead managers for the IPO, with Bigshare Services acting as the official registrar. Credits of shares to successful applicants and initiation of refunds for unsuccessful bidders are scheduled for Tuesday, July 14, 2026. Kusumgar shares are slated for listing on both the BSE and NSE on Wednesday, July 15, 2026.

Related