Kusumgar IPO GMP: ₹419 Share Price, ₹168 GMP Today; IPO Open Till July 10, Check Expected Listing Date

Kusumgar IPO opened for subscription on Wednesday, July 8, giving investors an opportunity to participate in the public issue of the engineered fabrics manufacturer. The IPO will remain open until Friday, July 10, with a price band of ₹398–₹419 per share. Ahead of the public issue, the company raised ₹193.9 crore from anchor investors by allotting 46.28 lakh equity shares at ₹419 per share, reflecting strong institutional interest.

Strong Anchor Investor Participation

Several marquee institutional investors participated in the anchor book, including BlackRock Global Funds – India Fund, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, and Kotak Mahindra Life Insurance Company. Their participation has boosted confidence in the IPO before the retail subscription phase.

Kusumgar IPO Lot Size and Reservation Details

The minimum application size for the Kusumgar IPO is 35 equity shares, and bids can be placed in multiples of 35 thereafter.

The issue allocation has been structured as follows:

Up to 50% reserved for Qualified Institutional Buyers (QIBs)

At least 15% reserved for Non-Institutional Investors (NIIs)

At least 35% reserved for retail investors

Additionally, shares worth ₹3.5 crore have been reserved for eligible employees, who will receive a ₹39 per share discount on the final issue price.

Kusumgar IPO Allotment and Listing Timeline

According to the IPO schedule:

IPO Opens: July 8

IPO Closes: July 10

Expected Allotment: July 13

Expected Refunds: July 14

Expected Demat Credit: July 14

Expected Listing: July 15 on BSE and NSE

Kusumgar IPO GMP Today

The Grey Market Premium (GMP) for the Kusumgar IPO is currently ₹168, according to market trackers. Based on the upper price band of ₹419, the estimated listing price stands at around ₹587, indicating a potential listing gain of nearly 40.10% if current grey market trends continue.

Market observers note that the GMP has shown a steady upward trend over the past seven trading sessions, reflecting positive sentiment. However, investors should remember that Grey Market Premium is unofficial and can change significantly before the stock lists, so it should not be considered a guaranteed indicator of listing performance.

Overall, the combination of strong anchor participation, rising GMP, and healthy institutional interest has made the Kusumgar IPO one of the closely watched public issues this week. Investors should still evaluate the company's fundamentals, financial performance, and long-term growth prospects before making an investment decision.