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The Economic Times

Business

Ritesh Presswala

Kusumgar IPO allotment likely today; GMP at 38%. Here’s how to check your status

Kusumgar GMP IPO NSE BSE

The allotment of shares for Kusumgar’s Rs 650 crore IPO will be finalised today, allowing investors who participated in the issue to check their application status online. The company’s shares are scheduled to debut on the BSE and NSE on July 15, 2026, with the grey market premium (GMP) currently hovering around 38%, signalling strong expectations of listing gains among investors.

The IPO, which opened for subscription on July 8, 2026, and closed on July 10, 2026, witnessed overwhelming investor interest, with the issue subscribed 128.85 times overall. Qualified Institutional Buyers (QIBs) led the demand, subscribing 284.10 times their allotted portion, while Non-Institutional Investors (NIIs) and retail investors subscribed 165.46 times and 26.47 times, respectively.

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