Kusumgar Limited's IPO Subscribed 3.45 Times on Day 1 of IPO

By -
Issue closes on Friday, July 10, 2026, for bidding
Mumbai, July 08, 2026: The Initial Public Offering of Kusumgar Limited was subscribed 3.45 times on the first day of bidding, demonstrating strong demand from retail and non-institutional investors for this IPO.
The issue received bids of 3,95,95,045 equity shares against the offered 1,14,68,094 equity shares, according to data available on the stock exchanges.
Retail Portion and Non-institutional portion were subscribed 3.52 times and 7.35 times respectively. Qualified Institutional Buyers (QIB) Portion was subscribed 0.47 times. Whereas the Employee Reserved portion is subscribed 1.69 times.
The issue kicked off for subscription on Wednesday, July 08, 2026, and will close for subscription on Friday, July 10, 2026.
A day before the opening of the issue, Kusumgar Limited had raised Rs 193.9 crore from anchor investors.
Brokerage houses recommend Kusumgar IPO
Leading brokerage firms like BP Wealth, ICICI Direct, SBI Securities and SMIFS have given their “Subscribe” recommendation to Kusumgar Limited, which is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. The company offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers.
ICICI Direct expects Kusumgar Ltd. to benefit from India's push for indigenous defence manufacturing, supporting steady aerospace and defence orders, and assigns a "Subscribe" rating from a long-term perspective despite its 45x FY26 P/E valuation. 
SBI Securities also recommends "Subscribe", citing high industry entry barriers, strong technical expertise, customized solutions and superior margins, while considering the FY26 P/E of 44.8x justified by the company's higher growth potential.
IPO Details
The IPO is an offer-for-sale (OFS) for up to Rs 650 crore.
The Initial Public Offering (“IPO” or “Issue”) of the company will open on Wednesday, July 8, 2026, and close on Friday, July 10, 2026.
Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
The table below shows subscription data for all the categories of investors:
Kusumgar Limited
Last updated on
08 Jul 2026 | 05:00:00 PM
 
Sr.No.
Category
No.of shares offered/reserved
No. of shares bid for
No. of times of total meant for the category
1
Qualified Institutional Buyers (QIBs)
32,48,743
15,36,010
0.47
 
1(a)
Foreign Institutional Investors (FIIs)
-
7,000
-
 
1(b)
Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)
-
5,810
-
 
1(c)
Mutual Funds
-
14,31,920
-
 
1(D)
Others
-
91,280
-
 
2
Non Institutional Investors(NIIS)
24,36,558
1,78,99,560
7.35
 
2.1
Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)
16,24,372
1,04,63,320
6.44
 
2.1(a)
Corporates
-
52,885
-
 
2.1(b)
Individuals (Other than RIIs)
-
1,00,33,695
-
 
2.1(c)
Others
-
3,76,740
-
 
2.2
Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)
8,12,186
74,36,240
9.16
 
2.2(a)
Corporates
-
17,080
-
 
2.2(b)
Individuals (Other than RIIs)
-
72,25,995
-
 
2.2(c)
Others
-
1,93,165
-
 
3
Retail Individual Investors (RIIs)
56,85,302
1,99,94,415
3.52
 
3(a)
Cut Off
-
1,67,45,155
-
 
3(b)
Price Bids
-
32,49,260
-
 
4
Employee Reserved
97,491
1,65,060
1.69
 
4(a)
Employee (Cut off)
-
1,24,145
-
 
4(b)
Employee (Price)
-
40,915
-
 
5
Reservation PortionShareholder
-
-
-
 
5(a)
RPS (Cut off)
-
-
-
 
5(b)
RPS (Price)
-
-
-
 
 
Total
1,14,68,094
3,95,95,045
3.45
 

Comments

Post a Comment

Popular posts from this blog

LG unveils its SIGNATURE series in India

By -
Image
Mumbai, January 12, 2018  - LG SIGNATURE product lineup, which brings together the company’s best technology and best designs under a single name was unveiled today in Mumbai. The vision of LG SIGNATURE is to stay pure and sophisticated, true to each product’s  essence . The initial offerings in the LG SIGNATURE lineup include a more advanced TWIN Wash™ washing machine, a cutting-edge Door-in-Door™ refrigerator, a futuristic hybrid air purifier. “Our driving principle is to ensure that the essence of our products is preserved from idea generation through to the end-user experience, LG SIGNATURE is the embodiment of everything that is important to LG and we hope to convey that philosophy to customers who appreciate great products from strong brands. I am confident that Indian consumers will like LG SIGNATURE series.” said  Youngnam Roh - Director Home Appliances ,  LG Electronics India. “LG SIGNATURE series was well received by global c...
Read more

“Hellmann’s #TastebudsApproved Sandwiches Now Served in Minutes via Zepto Café”

By -
Image
This collaboration is a milestone for both FMCG brands and quick commerce platforms, enabling them to co-create on-demand food experiences for modern consumers. National, 10 th  November 2025:  Hellmann’s is bringing its #TastebudsApproved’ sandwiches directly to consumers through partnership with Zepto, one of India’sfastest-growing quick commerce platform. Available on Zepto Cafe for a limited time only, the collaboration serves up the perfect mix of creamy indulgence and instant convenience, letting users savour creamy sandwiches in just minutes. Known for its creamy and delicious mayonnaise range, Hellmann’s recently launched the ‘Tastebuds Approved’ campaign, spotlighting the brand’screamy & delicious mayo through creative takes on Mumbai’s most-loved sandwiches. The partnership with Zepto first sparked online when creator Anshula Kapoor shared a reel, prompting Zepto Café to join the conversation with a playful comment,  “Buy the sandwich on Zepto Café  ●•´...
Read more

"आत्म ज्ञान बिना सब कर्म निरर्थक" - महात्मा अंबालिका बाईजी

By -
Image
मानव उत्थान सेवा समिति संस्थापक सदगुरुदेव श्री सतपाल जी महाराज द्वारा श्री हंस विजय नगर आश्रम एवरशाइन सिटी वसई पूर्व में 2 नवंबर को 125 वीं हंस जयंती बड़े ही धूम धाम से मनाई गई। इस अवसर पर मुंबई से संत समाज एवं भक्त गण एवरशाइन के वसई आश्रम पहुंचे। इसी अवसर पर पूज्य अंबालिका बाई जी ने भक्त समाज को श्री हंस जी महाराज के जीवन यात्रा एवं उनका संदेश भक्तों को दिया और कहा कि जैसे श्री कृष्णा जी ने गीता में अर्जुन को समझाते हुए कहा है कि आत्म ज्ञान बिना सब कर्म निरर्थक है जब तक आप आत्म-ज्ञान प्राप्त नहीं करते, कर्म के बंधन से मुक्त नहीं होते, तब तक आपके कर्म व्यर्थ हैं। आत्म ज्ञान से ही कर्म से अनासक्ति और उससे उत्पन्न होने वाले मोक्ष का मार्ग प्रशस्त होता है। आत्म-ज्ञान के माध्यम से ईश्वर की शरण में जाना ही कर्म के बंधनों से मुक्ति का मार्ग है, जो भक्ति में कर्म करता है, जो पवित्र आत्मा है, जो अपने मन और इन्द्रियों को वश में करता है, ऐसा व्यक्ति कर्म करते हुए भी कभी नहीं बँधता। आत्मज्ञान की खोज कर उसे प्राप्त करना चाहिए यही सच्चा रास्ता है। यही संदेश श्री हंसजी महाराज जी के 125 वीं जयंती मना...
Read more