Kusumgar IPO closes with a grey market premium of ₹154 per share, indicating a 37 percent premium over the upper price band of ₹419. The stock listing is set for July 15, 2026, on both BSE and NSE.
The IPO, which ran from July 8 to July 10, received overwhelming subscription. Retail investors, qualified institutional buyers, and non-institutional investors all competed for shares in the chemical company’s public offering.
Subscription Numbers
Kusumgar IPO was subscribed 135.80 times on July 10, 2026. The retail category saw 27.97 times subscription, while qualified institutional buyers bid 299.51 times. Non-institutional investors subscribed at 174.28 times the available shares.
These numbers reflect strong investor appetite for the offering across all investor categories. The overwhelming demand signals confidence in the company’s business model and growth prospects.
IPO Details
The issue size is ₹650 crore, with a price band of ₹398 to ₹419 per share. Each lot contains 35 shares, requiring a minimum investment of ₹14,665. The company chose this price band strategically to balance capital raising with investor accessibility.
What Happens Next
Kusumgar shares will begin trading on BSE and NSE on July 15, 2026. Investors who received allotments can begin selling on day one if market conditions appear favorable. The grey market premium suggests strong opening day performance likely.
Strong IPO demand often correlates with positive listing performance, though past results don’t guarantee future outcomes.
