Kusumgar IPO
The Kusumgar IPO was a ₹650 crore mainboard issue (offer for sale only), open for bidding from 8 Jul to 10 July 2026 at a price band of ₹398 to ₹419. The final issue price was ₹419. It was subscribed 128.85 times overall, and 26.47 times in the retail category. Shares listed on NSE and BSE on 15 July 2026 at ₹569.00, 35.8% above the issue price, and closed the first day at ₹602.80.
- Listing gain at open
- +35.8%₹569.00 vs ₹419
- Issue price
- ₹419Band ₹398 to ₹419
- Lot size
- 35 sharesMinimum ₹14,665
- Issue size
- ₹650 crore
- Subscribed
- 128.85xOverall
- Listed
- 15 Jul 2026NSE, BSE
Price and lots
Kusumgar IPO details
NSE issue details| Bidding dates | 8 Jul 2026 to 10 Jul 2026 |
| Listing date | 15 July 2026 |
| Price band | ₹398 to ₹419 |
| Final issue price | ₹419 |
| Face value | ₹1 per share |
| Lot size | 35 shares |
| Minimum investment | ₹14,665 (35 shares, our calculation) |
| Retail maximum | 13 lots (₹1,90,645), under ₹2 lakh (our calculation) |
| Issue size | ₹650 crore (our calculation from the NSE issue details) |
| Type of issue | 100% Book Building, Offer for sale only |
| Employee discount | ₹39 per share |
| Listed on | NSE and BSE |
| NSE symbol | KUSUMGAR |
| BSE code | 544821 |
| ISIN | INE0ISX01025 |
| Lead managers | Axis Capital Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited |
| Registrar | Bigshare Services Private Limited |
Subscription and listing
Kusumgar IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs284.10x
- Non-institutional (NII)165.46x
- NII above ₹10 lakh179.81x
- NII ₹2 lakh to ₹10 lakh136.75x
- Retail26.47x
- Employees10.48x
- Total128.85x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue price| NSE | BSE | |
|---|---|---|
| Open | ₹569.00 | ₹574.00 |
| High | ₹625.90 | - |
| Low | ₹568.15 | - |
| Close | ₹602.80 | ₹604.45 |
| Gain at open | +35.8% | +37.0% |
| Gain at close | +43.9% | +44.3% |
| Shares traded | 2,38,09,462 | - |
Latest: closed at ₹552.35 on NSE on 6 November 2026, +31.8% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Kusumgar IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Kusumgar IPO's subscription of 128.85 times ranks 14th of 109, and its listing gain of 35.8% at open ranks 17th of 107. By issue size it ranks 48th. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains or the IPO calendar for July 2026.
Other mainboard IPOs listed in July 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| INDO-MIM | 30 Jul 2026 | ₹485 | 72.34x | +44.3% |
| Lohia Corp | 30 Jul 2026 | ₹425 | 7.25x | +8.5% |
| Xtranet Technologies | 30 Jul 2026 | ₹127 | 12.24x | +7.1% |
| Caliber Mining and Logistics | 24 Jul 2026 | ₹424 | 146.64x | +18.0% |
| Alpine Texworld | 21 Jul 2026 | ₹105 | 1.40x | 0.0% |
| SBI Funds Management | 21 Jul 2026 | ₹574 | 41.66x | +6.8% |
Allotment
Kusumgar IPO allotment status
- Open the registrar's pageBigshare Services Private Limited is the registrar. Open its allotment page.
- Select Kusumgar LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Kusumgar IPO FAQs
What was the Kusumgar IPO price band?
The price band was ₹398 to ₹419 per share and the final issue price was ₹419. The face value is ₹1 per share.
What was the Kusumgar IPO lot size?
One lot was 35 shares. The minimum investment at the issue price was ₹14,665. Retail investors could apply for up to 13 lots.
How many times was the Kusumgar IPO subscribed?
It was subscribed 128.85 times overall, as published by NSE. QIBs bid 284.10 times their quota, NIIs 165.46 times and retail investors 26.47 times.
What was the Kusumgar IPO listing price?
It opened at ₹569.00 on NSE and BSE on 15 July 2026, a gain of 35.8% over the issue price of ₹419 (our calculation). It closed the day at ₹602.80.
How do I check Kusumgar IPO allotment status?
Bigshare Services Private Limited is the registrar. Select Kusumgar Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Kusumgar IPO a fresh issue or an offer for sale?
Offer for sale only, as stated in the NSE issue details. The company did not receive money from the IPO; it went to the selling shareholders.
Who were the lead managers of the Kusumgar IPO?
Axis Capital Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.