Kusumgar IPO Subscription Status: Final Day Sees Blockbuster 131x Bids, Check Latest GMP
The initial public offering (IPO) of engineered fabrics manufacturer Kusumgar Limited concluded its subscription period today, July 10, 2026, with a spectacular response from investors. The ₹650-crore public issue was heavily oversubscribed, reflecting strong market sentiment and robust demand for the company’s niche defense and aerospace textile offerings.
Total Subscription
131.89x
Issue Size
₹650 Cr
Price Band
₹398-₹419
Current GMP
₹158 – ₹166
Final Subscription Status (Day 3)
At the close of bidding on Friday, July 10, 2026, the Kusumgar IPO was subscribed heavily, reaching 131.89 times against the shares on offer. The demand was overwhelmingly led by Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs).
| Investor Category | Subscription Status (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 291.84x |
| Non-Institutional Investors (NII) | 171.33x |
| Retail Individual Investors (RII) | 25.74x |
| Employees | 10.13x |
| Total Overall Subscription | 131.89x |
Kusumgar IPO GMP Today & Listing Expectations
The Grey Market Premium (GMP) for Kusumgar Limited has remained strong throughout the subscription period. As of July 10, 2026, the latest GMP stands in the range of ₹158 to ₹166.
Considering the upper price band of ₹419, this suggests a potential listing price of around ₹577 to ₹585 per share. This indicates a highly anticipated listing gain of nearly 38% to 40% for investors. (Note: GMP is an unofficial market indicator, is not regulated by SEBI, BSE, or NSE, and does not guarantee exact listing prices).
Key IPO Details
| Issue Type | Book Built Issue (100% Offer for Sale) |
| Total Issue Size | ₹650.00 Crore |
| Face Value | ₹1 per equity share |
| Price Band | ₹398 to ₹419 per share |
| Lot Size | 35 Shares |
| Retail Minimum Investment | ₹14,665 (for 35 shares) |
| Listing Exchanges | BSE & NSE |
Tentative IPO Timeline
- Basis of Allotment: Expected on Monday, July 13, 2026.
- Initiation of Refunds: Tuesday, July 14, 2026.
- Credit of Shares to Demat: Tuesday, July 14, 2026.
- Listing Date: Wednesday, July 15, 2026.
About Kusumgar Limited
Founded in 1990, Kusumgar Limited is a leading niche manufacturer of engineered synthetic fabrics. The company specializes in woven, coated, and laminated technical textiles made from polyamide and polyester filaments utilizing polyurethane technology.
With a portfolio of over 1,000 unique Stock Keeping Units (SKUs), their products are heavily utilized in mission-critical applications across the aerospace, defense, industrial, automotive, and outdoor lifestyle sectors. Notably, the company has recently expanded its footprint into finished defense solutions, providing high-barrier products like parachute systems, stealth materials, and rapid deployment systems. Financially, the company reported a robust Revenue from Operations of ₹692 crore and a Net Profit of ₹98.2 crore for FY26.