Kusumgar IPO
Kusumgar Limited (KUSUMGAR) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 July 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +45.4% (likely range +17% to +86%), day's high +49.2%, chance of a gain 92%. Actual: +35.8% at the open, +49.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 32,48,743 | 92,29,68,200 | 284x | |
| NII (HNI) total | 24,36,558 | 40,31,47,255 | 165x | |
| Big NII (above ₹10 lakh) | 16,24,372 | 29,20,78,395 | 180x | |
| Small NII (₹2-10 lakh) | 8,12,186 | 11,10,68,860 | 137x | |
| Retail | 56,85,302 | 15,04,80,400 | 26.5x | |
| Employees | 97,491 | 10,21,580 | 10.5x | |
| Total | 1,14,68,094 | 1,47,76,17,435 | 129x |
Bids on NSE and BSE together, as published by NSE, as of 10 Jul 2026, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Kusumgar's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CMR Green TechnologiesJun 2026 | 270x | 172x | 27.0x | 127x | ₹631 Cr | +39.6% | +40.1% |
| Corona RemediesDec 2025 | 279x | 209x | 28.7x | 137x | ₹691 Cr | +38.4% | +41.0% |
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| Stanley LifestylesJun 2024 | 222x | 120x | 19.2x | 97.0x | ₹534 Cr | +34.1% | +38.0% |
| Data Patterns (India)Dec 2021 | 191x | 254x | 23.1x | 120x | ₹587 Cr | +46.3% | +47.7% |
| Interarch Building ProductsAug 2024 | 205x | 128x | 19.1x | 93.5x | ₹595 Cr | +44.3% | +46.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Kusumgar IPO price band and lot size? ₹398–419 per share, with a lot of 35 shares, so the smallest retail bid is ₹14,665.
How many times has it been subscribed? 129x overall: QIB 284x, NII 165x, retail 26.5x, employees 10.5x.
How did it list? It opened at ₹569, +35.8% against the issue price of ₹419, and closed its first day +43.9%.
