Kusumgar IPO Subscription Status Day 3: Issue Subscribed 14x So Far; NII Portion Booked Over 42 Times

Investor demand remained strong for the Kusumgar IPO on the final day of bidding. As of 10:03 AM IST on Friday, July 10, the ₹650-crore public issue had been subscribed over 14 times, according to provisional data available on the National Stock Exchange (NSE). The issue received bids for 16.56 crore equity shares against 1.14 crore shares on offer.

The Kusumgar IPO subscription status has improved steadily since the issue opened on July 8. It ended the first day with an overall subscription of 3.5 times, while demand crossed 13 times on Day 2 as retail and non-institutional investors stepped up bidding. With subscriptions still open today, the final figures are expected to strengthen further before the issue closes.

Kusumgar IPO Subscription Status Day 3

As of 10:03 AM IST, the NII category remained the most subscribed, with bids worth over 42 times the shares reserved for it. The retail investor portion was subscribed around 10 times, while the qualified institutional buyer (QIB) segment was booked 2.19 times. The employee reservation had been subscribed nearly four times.

Kusumgar IPO Subscription Status

The latest Kusumgar IPO subscription status reflects sustained interest across investor categories. While non-institutional investors continued to lead the response, retail participation also remained healthy. Institutional demand gathered pace as the issue entered its final day.

Kusumgar IPO Bidding Details

Investors placed bids for 16.56 crore equity shares against 1.14 crore shares available for subscription.

Kusumgar IPO Details

The Kusumgar IPO is entirely an offer for sale (OFS) of 1.55 crore equity shares by existing promoters, meaning the company will not receive any proceeds from the issue.

The price band has been fixed at ₹398-₹419 per share, and investors can bid for a minimum of 35 equity shares and in multiples thereafter. At the upper end of the price band, the minimum investment required for retail investors is ₹14,665.

The company had raised ₹193.9 crore from anchor investors ahead of the IPO by allotting 46.28 lakh shares at ₹419 apiece. The anchor book included investors such as BlackRock Global Funds, Goldman Sachs Funds, Kotak Mahindra Life Insurance Company, SBI Mutual Fund, ICICI Prudential Mutual Fund and Tata Mutual Fund.

Key Dates

• IPO Opens: July 8, 2026

• IPO Closes: July 10, 2026

• Expected Basis of Allotment: July 11, 2026

• Expected Refunds: July 13, 2026

• Shares Credited to Demat Accounts: July 13, 2026

• Tentative Listing Date: July 14, 2026

Conclusion

With bidding set to close later today, investors will be watching the final Kusumgar IPO subscription status before the basis of allotment is finalised. The allotment is expected on July 11, while the shares are tentatively scheduled to list on the stock exchanges on July 14.

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