Kusumgar IPO: Public issue opens at ₹419 per share, GMP ₹168; Investment opportunity till July 10

Kusumgar IPO Opens Today: The initial public offer (IPO) of engineered fabric manufacturing company Kusumgar has opened for investors from Wednesday, July 8. Investors can apply in this issue till July 10. The company has raised ₹193.9 crore from anchor investors before the IPO opens. The company has allotted 46,28,877 equity shares to anchor investors at a price of ₹419 per share. The price band of the IPO has been fixed at ₹398 to ₹419 per share.

Kusumgar IPO Lot Size

The lot size of Kusumgar IPO is 35 equity shares. That means retail investors will have to apply for at least 35 shares. After this investment can be made in multiples of 35 shares.

Strong participation of anchor investors

A number of leading institutional investors have participated in the company’s anchor book. These include BlackRock Global Funds- India Fund, Goldman Sachs Funds-Goldman Sachs India Equity Portfolio and Kotak Mahindra Life Insurance Company.

share reserved for investors

Up to 50% of the IPO has been reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs) and at least 35% for retail investors. Additionally, the company has reserved shares worth ₹3.5 crore for eligible employees, which will receive a discount of ₹39 per share on the final issue price.

Expected date of allotment and listing

• IPO closing date: July 10
• Share allotment: July 13 (probable)
• Refund Process: July 14 (Expected)
• Share credit in Demat account: 14th July (Expected)
• Listing on BSE and NSE: July 15 (tentative)

Kusumgar IPO Gray Market Premium

According to the information available in the market, the gray market premium (GMP) of Kusumgar IPO is currently running at ₹168. If this level holds till listing, the potential listing price of the stock could be around ₹587 based on the upper price band of ₹419. This can give investors a potential listing gain of about 40.10%.

Also read- IPO Market: New record made in 2026! Bumper listing of 6 SME IPOs in a single day, created a stir in the market

However, investors should keep in mind that the gray market premium (GMP) only reflects an informal perception of the market. It is subject to fluctuations till listing and should not be considered as the sole basis for investment.