Kusumgar IPO allotment likely today; GMP at 38%. Here’s how to check your status

The allotment of shares for Kusumgar’s Rs 650 crore IPO will be finalised today, allowing investors who participated in the issue to check their application status online. The company’s shares are scheduled to debut on the BSE and NSE on July 15, 2026, with the grey market premium (GMP) currently hovering around 38%, signalling strong expectations of listing gains among investors.

The IPO, which opened for subscription on July 8, 2026, and closed on July 10, 2026, witnessed overwhelming investor interest, with the issue subscribed 128.85 times overall. Qualified Institutional Buyers (QIBs) led the demand, subscribing 284.10 times their allotted portion, while Non-Institutional Investors (NIIs) and retail investors subscribed 165.46 times and 26.47 times, respectively.

The public issue comprises a complete Offer for Sale (OFS) worth Rs 650 crore. This means existing shareholders will receive the proceeds from selling their stake, and the company itself will not raise fresh capital through the IPO. The shares were offered in a price band of Rs 398–Rs 419 per equity share.


Kusumgar shares are set to debut on the NSE and BSE on July 15, 2026, with investor sentiment remaining upbeat following the strong response to the IPO.

Investors can check their allotment status using the following methods:

1. Registrar’s Website

• Visit Bigshare Services Pvt.Ltd IPO Allotment page (https://www.bigshareonline.com/ipo_allotment.html)
• Select Kusumgar from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Kusumgar
• Enter your application number and PAN.

Kusumgar IPO GMP today

The grey market premium (GMP) for Kusumgar IPO stands at 38% or Rs 160, suggesting the shares are trading at a significant premium in the unofficial market ahead of listing. Based on the upper price band of Rs 419, the GMP indicates an estimated listing price of around Rs 579. However, investors should note that GMP is an unofficial market indicator driven by sentiment and does not guarantee listing-day performance.

About Kusumgar

Established in 1990, Kusumgar is a leading manufacturer of woven, coated, and laminated engineered synthetic fabrics designed for demanding industrial and performance applications. The company specializes in advanced fabric solutions based on polyamide and polyester filaments combined with polyurethane chemistry, enabling products that meet stringent performance standards.

Its engineered fabrics are designed to deliver superior tensile strength, tear resistance, abrasion resistance, comfort, air permeability, and waterproofing, making them suitable for mission-critical and high-performance applications.

Leveraging decades of manufacturing expertise and strong product development capabilities, the company has developed more than 1,000 unique Stock Keeping Units (SKUs) as of March 31, 2026. These products cater to a diverse range of industries, including aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.

Kusumgar operates a vertically integrated manufacturing platform, encompassing preparatory processes, weaving, dyeing, printing, finishing, coating, lamination, and fabrication. Its manufacturing footprint includes six facilities in Gujarat and one fabrication unit in Uttar Pradesh, supported by modern infrastructure, advanced technology, and strong research and development capabilities.

Kusumgar has demonstrated robust financial performance over the past two years. The company's revenue from operations increased to Rs 692 crore in FY26, compared with Rs 467.9 crore in FY24, reflecting healthy business expansion across its key segments.

Its net profit also witnessed steady growth, rising to Rs 98.2 crore in FY26 from Rs 84.3 crore in FY24, highlighting improved profitability and operational efficiency.

The IPO was managed by Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited, who were acting as the Book Running Lead Managers. Bigshare Services Private Limited is the registrar to the issue.

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