Kusumgar IPO

No current grey market premium reading is being quoted for the Kusumgar Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

The premium is checked about every 20 minutes from third-party grey-market reporters while the issue is live. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

Allotment for the Kusumgar Limited IPO is expected to be finalised on 13 July 2026, the trading day after the issue closes on 10 July 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 14 July 2026 and the shares list on 15 July 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Bigshare Services Pvt. Ltd. — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Kusumgar Limited IPO is Bigshare Services Pvt. Ltd.. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Kusumgar Limited IPO opens on 8 July 2026 and closes on 10 July 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 15 July 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 8 July 2026 and 10 July 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹419); a UPI mandate must be approved by 5:00 pm on the closing day.

10 July 2026 is the last day of bidding. Allotment is then expected on 13 July 2026, refunds and demat credit on 14 July 2026, and listing on 15 July 2026 — tentative until confirmed.

The Kusumgar Limited IPO price band is ₹419 to ₹419 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 35 shares, so a single application at the ₹419 cut-off costs ₹14,665. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

₹14,665 — one lot of 35 shares at ₹419. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Kusumgar Limited is a mainboard issue listing on NSE. The lead managers are Axis Capital Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd.

The issue size is ₹650 crore.

Kusumgar Limited reported revenue of ₹692 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Kusumgar Limited reported a profit after tax of ₹98.2 crore in FY2026. Earlier years are in the table above.

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

The promoter and promoter group hold 75.01% after the issue, down from 90.48% before it, as disclosed in the offer document and filed with the exchange.

Before the issue the promoter and promoter group hold 90.48% of Kusumgar Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

The offer document for the Kusumgar Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company operates in markets with high entry barriers, including technical knowledge, long product approval cycles, and customized solutions. The company has a technical partnership with a U.S. company for the manufacture and sale of their patented and trademarked camouflage fabric. The company possesses unique, diverse, and comprehensive machinery and equipment for fabric manufacturing. The page lists all 6 as disclosed.

A decline in demand for aerospace and defence fabrics and solutions could materially affect the company's business, financial condition, results of operations, and cash flows. A decrease in sales to the top customer or the loss of top customers could adversely affect the company's business, results of operations, financial condition, and cash flows. Reliance on a few suppliers for primary materials means that if any top supplier ceases to sell necessary materials, it could have a material adverse effect on the business. The page lists all 7 disclosed risk factors.

The Kusumgar Limited shares are scheduled to list on 15 July 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Kusumgar Limited listed at ₹569, a gain of 35.8% on the ₹419 issue price.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.