Kusumgar IPO Listing: GMP Signals Stellar 35% Premium Ahead of Dalal Street Debut

MUMBAI — The equity shares of engineered fabrics manufacturer Kusumgar Ltd are set to make their highly anticipated Dalal Street debut on Wednesday, July 15, 2026. Following a massive response from investors during its subscription period, the stock will officially list and commence trading on both the BSE and the National Stock Exchange (NSE).

The mainboard initial public offering (IPO) was open for public bidding from July 8 to July 10, with the final allotment of shares successfully completed on July 13. As the listing day approaches, Dalal Street is buzzing with expectations of a strong market opening.

Grey Market Premium (GMP) and Expected Listing Price

Investors are closely monitoring the unlisted market to gauge the stock's potential debut performance. Current trends suggest a highly lucrative opening for successful allottees.

According to market observers, Kusumgar shares are currently commanding a strong Grey Market Premium (GMP) of ₹150 per share. When this premium is added to the upper end of the IPO issue price of ₹419, the estimated listing price stands at an impressive ₹569 per share.

If the grey market trends translate to actual market performance, investors could see stellar listing gains of approximately 35.80% on their initial investment right at the opening bell.

Subscription Breakdown: Massive Street Demand

The optimism in the grey market is backed by the exceptional demand the public issue witnessed during its three-day bidding window. The IPO was heavily oversubscribed by 128.85 times in total, driven by aggressive bidding from institutional buyers.

Here is the category-wise subscription breakdown:

Key Kusumgar IPO Details

For investors tracking the financial structure of the public issue, here is a quick recap of the key IPO metrics:

• Issue Size: The company successfully raised ₹650.36 crore through the book-building process.

• Offer Type: The issue was entirely an Offer for Sale (OFS) comprising 1.55 crore equity shares. This means the funds will go to the selling shareholders, and no new fresh capital was raised for the company itself.

• Price Band: The price band was fixed between ₹398 to ₹419 per equity share.

• Key Intermediaries: Axis Capital Ltd. served as the book-running lead manager for the offering, while Bigshare Services Pvt. Ltd. acted as the official registrar for the issue.

All eyes are now on the pre-open session on Wednesday to see if Kusumgar Ltd can sustain its grey market momentum and deliver the projected windfall to its investors.