Kusumgar IPO Day 2: Check GMP, Subscription Status & Key Issue Details
The ₹650.00 crore Kusumgar IPO entered its second day of subscription today, July 9, 2026, with a price band of ₹398 to ₹419 per share. As of 10:50 AM on Day 2, the issue was subscribed 5.18 times, while the Grey Market Premium (GMP) stands at around ₹160 over the issue price.
The issue will remain open until July 10, 2026. The basis of allotment is expected to be finalized on July 13, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on July 15, 2026.
Kusumgar IPO - Issue Details
- Issue Type: Book Building IPO (OFS only)
- Total Issue Size: Up to ₹650.00 crore
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to ₹650.00 crore
- Face Value: ₹1 per equity share
- Price Band: ₹398 to ₹419
- Lot Size: 35 shares
- Minimum Investment Amount (Retail Investor): ₹14,665 (35 shares) (based on upper price)
- Listing: BSE, NSE
- Book Building Lead Managers: Axis Capital Limited, IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited
- Registrar: Bigshare Services Private Limited
Kusumgar IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
08 July 2026 |
|
Subscription Closing Date |
10 July 2026 |
|
Allotment Date |
13 July 2026 |
|
Refund Date |
14 July 2026 |
|
Credit of Shares |
14 July 2026 |
|
Listing on BSE and NSE |
15 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Kusumgar IPO Day 2 Subscription Status
[July 9, 2026, 10:50 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.49x |
|
Non-Institutional Investors (NIIs) |
12.21x |
|
Retail Individual Investors (RIIs) |
4.90x |
|
Total |
5.18x |
Kusumgar IPO GMP Today
According to media reports, the Kusumgar IPO was commanding a Grey Market Premium (GMP) of around ₹160 per share over its issue price.
About Kusumgar Limited
Kusumgar Limited is engaged in the manufacturing of engineered fabrics, including woven, coated, and laminated synthetic textiles made from materials such as polyamide, polyester, and polyurethane. Its products serve a diverse range of industries, including aerospace and defence, industrial and automotive applications, and outdoor and lifestyle segments. The company has also expanded into finished defence solutions, offering products such as parachute systems, stealth technologies, and rapid deployment solutions.
The company operates across four key business segments, with Aerospace and Defence Fabrics being its largest revenue contributor. Its other segments include Industrial and Automotive Fabrics, Aerospace and Defence Solutions, and Outdoor and Lifestyle Fabrics, catering to various specialised application areas.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from Operations |
₹692.03 Cr. |
₹788.99 Cr. |
₹467.91 Cr. |
|
Profit After Tax |
₹98.20 Cr. |
₹111.98 Cr. |
₹84.39 Cr. |
|
EBITDA |
₹187.85 Cr. |
₹188.38 Cr. |
₹131.84 Cr. |
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