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Explore how Kusumgar Ltd.’s IPO performed on its first day of subscription, including investor participation, issue details, important dates, and the process to apply through ASBA or UPI.
The Kusumgar Ltd. IPO opened for subscription on 8 July 2026 through the book-building route. The mainboard IPO is entirely an offer for sale (OFS), allowing existing promoter shareholders to divest part of their holdings. The issue received investor participation on the opening day, with higher subscription in the non-institutional and retail investor categories.
The Kusumgar Ltd. IPO opened to a positive response from investors across categories. As of 2:24 PM on 8 July 2026, the issue was subscribed 2.43 times overall, led by strong participation from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
The IPO witnessed bidding activity during the first day of subscription, with the NII and retail portions already recording multiple times subscription.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs ex-anchors) |
0.19x |
Non-Institutional Investors (NIIs) |
4.76x |
Retail Individual Investors (RIIs) |
2.72x |
Employee Reserved |
1.34x |
Overall |
2.43x |
The NII segment recorded the highest subscription on Day 1, followed by the retail investor category. The QIB category was subscribed 0.19 times as of the stated time. While the QIB category was yet to witness significant bidding, the overall subscription indicates encouraging investor interest in the public issue.
The Kusumgar Ltd. IPO witnessed a sharp rise in investor participation on the second day of bidding. By the close of Day 2, the issue was subscribed 9.03 times overall, driven by strong demand from Non-Institutional Investors (NIIs) and participation from Retail Individual Investors (RIIs). The Qualified Institutional Buyer (QIB) and employee portions also crossed full subscription.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs) |
1.66x |
Retail Individual Investors (RIIs) |
7.26x |
Non-Institutional Investors (NIIs) |
23.22x |
Employee Reserved |
3.01x |
Overall |
9.03x |
The NII category continued to lead the subscription, recording more than 23 times its allocated quota by the end of Day 2. Retail participation also remained robust, while the QIB and employee segments crossed the fully subscribed mark. The strong demand across all investor categories reflects broad-based interest in the IPO ahead of its closing date.
The table below highlights the important details of the Kusumgar Ltd. IPO:
| Particulars | Details |
|---|---|
Price Band |
₹398 to ₹419 per share |
Face Value |
₹1 per share |
Lot Size |
35 shares |
Minimum Investment |
₹14,665 (1 lot at the upper price band) |
Issue Size |
₹650 Crores |
Issue Type |
Book Building IPO (Offer for Sale) |
Total Shares Offered |
1.55 Crore shares |
Fresh Issue |
Nil |
Offer for Sale |
1.55 Crore shares |
Listing Platform |
NSE & BSE |
The IPO consists entirely of an offer for sale by the promoter selling shareholders. Since there is no fresh issue, the company will not receive any proceeds from the IPO. Since the IPO comprises only an offer for sale, the company will not receive any proceeds from the issue. The offer enables the selling shareholders to divest part of their shareholding, while the listing provides a public market for the company's equity shares.
For detailed insights about the company, issue particulars, and the latest updates, visit the Kusumgar Ltd. IPO on Bajaj Markets.
The following timeline outlines the milestones associated with the IPO:
| Event | Date | Description |
|---|---|---|
IPO Open Date |
8 July 2026 |
Subscription window opens |
IPO Close Date |
10 July 2026 |
Last date to submit IPO applications |
Basis of Allotment |
13 July 2026 |
Expected allotment finalisation |
Initiation of Refunds |
14 July 2026 |
Refunds for unallotted applicants |
Credit of Shares |
14 July 2026 |
Shares credited to Demat accounts |
Listing Date |
15 July 2026 |
Expected listing on NSE and BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Kusumgar Ltd. IPO through the ASBA facility offered by eligible banks or through the UPI-based application process available on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Kusumgar Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Kusumgar Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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