The Indian primary market is buzzing with activity as the Kusumgar Limited IPO wrapped up its bidding process with an overwhelming response from investors. Established in 1990, Kusumgar Limited is a pioneer in the technical textiles space, manufacturing specialized engineered fabrics for aerospace, defense, automotive, and industrial applications.
If you applied for this public issue or are tracking its stock market debut, here is a comprehensive guide on the Kusumgar IPO Date, Price, GMP, Review & Allotment Details.
Kusumgar IPO Key Dates & Schedule
The Kusumgar IPO opened for bidding on July 8, 2026, and closed on July 10, 2026. Investors are now eagerly waiting for the share allotment process to finalize.
Below is the complete timeline for the IPO:
| Event | Tentative Date |
| IPO Open Date | Wednesday, July 8, 2026 |
| IPO Close Date | Friday, July 10, 2026 |
| Basis of Allotment Finalization | Monday, July 13, 2026 |
| Initiation of Refunds | Tuesday, July 14, 2026 |
| Credit of Shares to Demat Accounts | Tuesday, July 14, 2026 |
| Kusumgar IPO Listing Date | Wednesday, July 15, 2026 |
Kusumgar IPO Price Band, Lot Size & Issue Details
The company hit the mainboard exchanges to raise ₹650 crore, completely structured as an Offer for Sale (OFS). This means that the company itself will not receive any capital from this public issue; instead, the entire proceeds will go to the selling shareholders.
- IPO Price Band: ₹398 to ₹419 per equity share
- Face Value: ₹1 per share
- Lot Size: 35 shares
- Minimum Investment (Retail): ₹14,665 (at the upper price band)
- Listing Platforms: BSE and NSE
Kusumgar IPO Subscription Status (Massive 128.85x!)
Driven by stellar institutional interest, the Kusumgar IPO ended its final day of bidding on July 10 with a massive 128.85 times total subscription.
Here is how different investor categories responded:
- Qualified Institutional Buyers (QIB): Subscribed a whopping 284.10x
- Non-Institutional Investors (NII/HNI): Booked 165.46x
- Retail Individual Investors (RII): Subscribed 26.47x
Kusumgar IPO GMP Today (Grey Market Premium)
The unofficial grey market has been incredibly bullish on this issue. Kusumgar IPO GMP today is hovering around ₹158 to ₹168 per share.
Given the upper price band of ₹419, the market is signaling an estimated listing price of roughly ₹577 to ₹587 per share. This indicates potential listing gains of nearly 38% to 40% right out of the gate.
⚠️ Note: Grey Market Premium (GMP) is purely speculative, unregulated, and subject to rapid market fluctuations. It should not be treated as a guarantee of actual stock market performance.
Kusumgar IPO Review: Should You Look Long-Term?
Company Strengths:
- Niche Business Model: Kusumgar is a leading manufacturer of woven, coated, and laminated synthetic textiles. They supply critical materials like parachute systems, stealth technologies, and rapid deployment materials to the aerospace and defense sectors.
- Integrated Manufacturing: They have 6 facilities in Gujarat and 1 in Uttar Pradesh, managing everything from yarn selection to lamination under one roof.
- Entry Barriers: The defense and aerospace sectors require strict certifications and long customer qualification cycles, making it difficult for new competitors to step in.
Key Risks to Consider:
- Revenue Decline: Financially, Kusumgar recorded a revenue of ₹692.03 crore and a PAT of ₹98.20 crore in FY26, which is slightly down from its peak in FY25 (₹788.99 crore revenue and ₹111.98 crore PAT).
- Rich Valuation: At the upper price band, the stock trades at a Price-to-Earnings (P/E) multiple of roughly 44.8x. This is on the higher side for textiled-based engineering businesses.
- Customer Concentration: The top 10 customers bring in nearly 59.5% of its total revenue, creating high dependency.
The Verdict: While the listing gains look highly promising due to massive QIB demand and strong GMP, conservative investors should ideally watch its quarterly growth trajectory post-listing before committing to a long-term position.
How to Check Kusumgar IPO Allotment Status
The basis of allotment is scheduled to be finalized on Monday, July 13, 2026. The official registrar for the issue is Bigshare Services Private Limited.
You can check your allotment status by following these steps:
- Visit the Bigshare Services IPO Status Page.
- Select Kusumgar Limited from the company dropdown menu.
- Enter your PAN Card Number, Application Number, or DP Client ID.
- Enter the captcha code and click Submit.
Alternatively, you can also log on to the official NSE or BSE websites under the “Check IPO Allotment” sections to verify your status.
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