return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Kusumgar IPO Day 3: Check subscription status, allotment date and steps

Market News

Kusumgar IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on July 10, 2026, 09:24 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The ₹650 crore Kusumgar IPO, with a price band of ₹398 to ₹419 per share, is an offer-for-sale (OFS) of 1.55 crore shares by the promoters, Siddharth Yogesh Kusumgar HUF, Siddharth Yogesh Kusumgar, and Sapna Siddharth Kusumgar.

Kusumgar Ltd is engaged in the manufacturing of woven, coated and laminated synthetic fabrics, known as engineered fabrics. | Image: Kusumgar.com

Kusumgar Ltd is engaged in the manufacturing of woven, coated and laminated synthetic fabrics, known as engineered fabrics. | Image: Kusumgar.com

The initial public offering of engineered fabric maker Kusumgar Ltd will conclude on Friday, July 10. The subscription status for the final day of bidding will be available post 10 am.

Open FREE Demat Account within minutes!
Join now

As of Day 2, the issue was subscribed 13.13 times. It secured bids for 15,05,57,085 shares compared to 1,14,68,094 shares on offer, according to the data available with the NSE.

Among investors, the category for non-institutional investors (NIIs) attracted 36.64 times subscription. The portion meant for retail individual investors (RIIs) received 9.46 times subscription, while the quota for qualified institutional buyers (QIBs) got subscribed 2.18 times.

The ₹650 crore IPO, with a price band of ₹398 to ₹419 per share, is solely an offer-for-sale (OFS) of 1.55 crore shares by promoters Siddharth Yogesh Kusumgar HUF, Siddharth Yogesh Kusumgar and Sapna Siddharth Kusumgar.

Since the issue is only an OFS, the Mumbai-based company will not get any proceeds, and the funds will go entirely to the selling shareholders.

Kusumgar Ltd is engaged in the manufacturing of woven, coated and laminated synthetic fabrics, known as engineered fabrics. The firm primarily produces aerospace and defence fabrics, industrial and automotive fabrics, and outdoor and lifestyle fabrics.

Axis Capital, Motilal Oswal Investment Advisors and IIFL Capital Services are the issue's book-running lead managers, while Bigshare Services is the registrar.

Kusumgar IPO allotment and listing date

Kusumgar IPO allotment status is expected to be finalised on Monday, July 13. Shares of the company will be listed on the NSE and BSE on July 15.

ALSO READ | SBI Funds Management IPO: SBI to sell 1.4% stake in pre-IPO offer; details you must know

How to check Kusumgar IPO allotment status on NSE website

Steps to check Kusumgar IPO allotment status on Bigshare Services website

  • Open Bigshare Services' allotment page: www.bigshareonline.com/ipo_Allotment.html
  • From three servers, click on any one
  • Select any server from the 3 options
  • Click on Kusumgar Ltd from the IPO names
  • Enter any of these: Application number, beneficiary ID, or PAN
  • Click the 'Search' button

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story