Kusumgar IPO
Defence & Technical Textiles - Listed on 15 July 2026
Kusumgar IPO listing summary
Kusumgar (Defence & Technical Textiles) closed its IPO window in 2026 and listed on NSE and BSE on 15 July 2026 at an upper band issue price of Rs 419, opening at Rs 569 for a listing gain of +35.8% and closing day one at Rs 602.8 (+43.9% on closing basis). The IPO was subscribed 128.82x overall - QIB 284.10x, HNI/NII 165.44x, Retail 26.42x. The total issue size was Rs 650 Cr (Fresh Issue Rs 0 Cr, OFS Rs 650 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Kusumgar IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 131 | +31.26% |
| Day 2 | Rs 138 | +32.94% |
| Day 3 | Rs 165 | +39.38% |
| Day 4 | Rs 160 | +38.18% |
| Day 5 | Rs 170 | +40.57% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 4.2 pp (Reasonably accurate)
Issue & financials
Market context at listing
How the broader market moved around the Kusumgar IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Kusumgar IPO - FAQs
What was the listing gain of Kusumgar IPO?
Kusumgar IPO listed at +35.8% versus the upper issue price of Rs 419 on 15 July 2026.
How many times was Kusumgar IPO subscribed?
Kusumgar IPO was subscribed 128.82x overall. QIB portion was subscribed 284.10x, HNI / NII 165.44x and Retail 26.42x.
What was the IPO GMP for Kusumgar?
IPO GMP started at Rs 131 on Day 1 and moved to Rs 170 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.