Kusumgar IPO Allotment Expected Today with GMP at 38% – Here’s How to Check Your Status!

The allotment of shares for Kusumgar’s Rs 650 crore IPO is set to be finalized today, allowing investors to check their application status online. The IPO opened for subscription on July 8, 2026, and closed on July 10, 2026, garnering overwhelming interest with an overall subscription rate of 128.85 times. Qualified Institutional Buyers (QIBs) exhibited exceptional demand, subscribing 284.10 times their allotted portion. Non-Institutional Investors (NIIs) and retail investors also demonstrated significant participation, subscribing 165.46 times and 26.47 times, respectively. The shares are scheduled to debut on the BSE and NSE on July 15, 2026, with a price band set between Rs 398 and Rs 419 per equity share.

The grey market premium (GMP) for Kusumgar’s IPO currently stands at 38%, translating to an estimated listing price of around Rs 579 based on the upper price band. This strong GMP indicates positive market sentiment, reflecting strong expectations of listing gains among investors. While the GMP serves as an unofficial market indicator driven by sentiment, it does not assure listing-day performance. Investors are encouraged to approach these signals with caution as they weigh their investment choices.

Kusumgar, established in 1990, specializes in the manufacturing of engineered synthetic fabrics tailored for demanding industrial applications. With a diverse range of products and a robust financial performance—reporting a revenue increase to Rs 692 crore in FY26—Kusumgar’s IPO provides a unique investment opportunity amid a buoyant market atmosphere. The strong interest from different investor categories not only reflects confidence in the company’s growth trajectory but also indicates a promising landscape for Indian investors looking to diversify their portfolios through new listings.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)