Market capitalisation is the post-issue share count in the offer document’s capital structure (10,49,91,372 shares) multiplied by the upper end of the price band, ₹419. It is arithmetic on those two filed figures, not a valuation.
Post-issue pattern as filed with the NSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
One lot is 35 shares, so a single application at the ₹419 cut-off costs ₹14,665. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Kusumgar IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (6)
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 company has a strong focus on sustainability, reflected in its eco-friendly alternatives and commitment to social and environmental stewardship.
The company has a track record of accessing technology and markets through partnerships.
The company has experienced and visionary Promoters supported by a professional management team, fostering a culture of innovation and quality.
▼ Risk factors (7)
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.
Any shortfall in the supply of materials or significant increases in material prices could adversely affect the company's business, results of operations, financial condition, and cash flows.
Failure to respond to changing customer preferences in a timely and effective manner could adversely affect the company's business, results of operations, and financial condition.
Failure to keep technical knowledge confidential or protect intellectual property could erode competitive advantage and adversely affect the business, financial condition, results of operations, and cash flows.
The company's operations are concentrated in Gujarat, making it susceptible to disruptions from social, political, economic, or natural events in the region.
Kusumgar IPO Dates timeline · IST
Issue opens
Wed, 08 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 10 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Mon, 13 Jul, 2026
By Bigshare Services; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 14 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 15 Jul, 2026
NSE · trading from 10:00 am IST
Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Kusumgar Limited, the registrar is Bigshare Services Pvt. Ltd. — allotment is finalised in the days between the issue closing on 10 Jul 2026 and listing on 15 Jul 2026.
RegistrarBigshare Services Pvt. Ltd.
You will needPAN, application number or demat ID
Issue closes10 Jul 2026
Listing date15 Jul 2026
The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.
Kusumgar IPO Dates FAQs
When does Kusumgar IPO open and close?
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.
What is the Kusumgar IPO listing date?
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.
How do I apply for Kusumgar IPO?
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.
What is the last date to apply for Kusumgar IPO?
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.
Kusumgar IPO Registrar where allotment and refund queries go
RegistrarBigshare Services Pvt. Ltd.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Kusumgar IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (10 Jul 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Bigshare Services Pvt. Ltd., not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹161 on a ₹419 upper band means the grey market is dealing at ₹580.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.