Kusumgar IPO 2026: Allotment Jul 13, listing Jul 15

What investors are tracking ahead of allotment

Kusumgar’s Rs 650-crore initial public offering (IPO) has moved into the allotment phase, with the basis of allotment expected to be finalised on July 13, 2026. The issue opened for subscription on July 8 and closed on July 10, drawing heavy bidding across categories. Market attention has now shifted to two near-term milestones: when the allotment is finalised and when shares are credited to demat accounts.

Alongside the formal timeline, unofficial market indicators remain in focus. Kusumgar shares have been trading in the grey market at a premium, with reported GMP levels around Rs 158 to Rs 166 per share. Those levels, when added to the upper end of the price band, imply an estimated listing price in the Rs 577 to Rs 584 range, based on the GMP figures cited by trackers.

Key dates: close, allotment, refunds and listing

The three-day IPO closed for subscription on Friday, July 10. Multiple published schedules indicate that the basis of allotment is expected on Monday, July 13, 2026. After allotment, refunds to unsuccessful applicants and credit of shares to successful bidders’ demat accounts are scheduled for July 14.

The shares are tentatively slated to list on both BSE and NSE on Wednesday, July 15, 2026, subject to completion of allotment and related processes. Some timelines also mention funds unblock or debit on July 13, which is consistent with the post-allotment workflow, while demat credit is expected on July 14.

IPO size, structure and price band

Kusumgar’s public issue size is Rs 650 crore and the IPO is entirely an offer for sale (OFS), meaning the company is not raising fresh capital through this issue. The IPO was offered in a price band of Rs 398 to Rs 419 per equity share, with a face value of Rs 1.

For retail applicants, the lot size is 35 shares. The minimum investment amount cited for a retail application is Rs 13,930, based on the lot size and pricing. Applications could be made in multiples of 35 shares.

Subscription numbers: strong demand across categories

Demand indicators were strong through the final day of bidding. One update noted the issue was subscribed 18.13 times as of 10:21 AM on the final day. Later updates described the final subscription as a “blockbuster”, with overall subscription figures reported around 128.85 times to 129 times by the end of bidding.

NSE data cited in the coverage showed bids for 20,79,15,645 shares against 1,14,68,094 shares on offer. Category-level data also pointed to heavy participation, including very high subscription in the qualified institutional buyer segment and non-institutional investor segment.

Grey market premium (GMP) and implied listing estimates

Grey market activity remained buoyant ahead of the listing. GMP levels were reported around Rs 158 per share in one widely-circulated update, indicating a potential listing price of about Rs 577 per share. Other tracker updates cited GMP hovering around Rs 165 to Rs 166 per share, implying an estimated listing around Rs 584.

At the Rs 158 GMP level, the premium works out to about 37.71% over the upper price band of Rs 419. At the Rs 165 level, the implied premium is about 39.38% over the upper end of the band, based on the figures cited. GMP is an unofficial indicator of demand for unlisted shares and is not a guarantee of listing performance.

Anchor allocation and employee reservation details

The company raised Rs 193.9 crore from anchor investors, allocating 46,28,877 equity shares at Rs 419 per share. This anchor participation was disclosed as part of the IPO process.

The issue also included an employee reservation component. Shares worth Rs 3.5 crore were reserved for eligible employees, and the employee discount was stated at Rs 39 per share to the final issue price.

How to check Kusumgar IPO allotment status (NSE, BSE, Bigshare)

Once the basis of allotment is finalised, investors can check their allotment status through the registrar, Bigshare Services, or via BSE and NSE portals.

NSE allotment status steps

• Go to: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select “Equity” under issue type
• Select “Kusumgar” from the drop-down list
• Enter PAN and IPO application number
• Submit to view status

BSE allotment status steps

• Go to: https://www.bseindia.com/investors/appli_check.aspx
• Select “Equity”
• Select “Kusumgar” from active issues
• Enter PAN or application number
• Click “Search”

Registrar (Bigshare) allotment status steps

• Go to: https://ipo.bigshareonline.com/IPO_Status.html
• Select “Kusumgar Limited”
• Choose search credential: Application Number, Beneficiary ID, or PAN
• Enter details and click “Search”

Key IPO data at a glance

Market impact: what the numbers indicate

The most immediate market signal has been the strong subscription and the elevated grey market premium. Subscription figures in excess of 100 times, alongside category-level oversubscription, indicate heavy participation from institutions and non-institutional investors, as reflected in the reported data.

For applicants, the practical near-term outcomes are binary: allotment confirmation and timing of funds unblock or refunds. The schedule points to July 13 for finalising allotment, July 14 for refunds and demat credit, and July 15 for the market debut on NSE and BSE.

Analysis: why allotment day matters for applicants

Allotment finalisation is the point at which the registrar, in consultation with the company, determines share distribution among applicants. For oversubscribed issues, this is also the stage where retail allotment outcomes become clear for each application.

With Kusumgar’s IPO drawing strong demand, many applicants will rely on the registrar portal and exchange links to confirm status quickly. Investors should keep their PAN, application number, or beneficiary ID ready, since these are the primary credentials required across the three platforms.

Conclusion

Kusumgar’s Rs 650-crore IPO closed on July 10 and is now headed for allotment finalisation on July 13, followed by refunds and demat credit on July 14 and a tentative listing on July 15. Grey market premiums reported around Rs 158 to Rs 166 have kept attention on the stock’s debut expectations, but the next confirmed milestone for investors is the allotment status update across Bigshare, BSE and NSE portals.