Kusumgar IPO Subscribed 135.80 Times on Day 3

Kusumgar Limited's initial public offering (IPO) recorded an overall subscription of 13.52 times by 4:49 PM on Day 2 (July 9, 2026). The ₹650.00 crore offer for sale, priced at ₹398 to ₹419 per share, received bids for 14,71,09,165 shares against 1,08,84,249 shares on offer, with total applications reaching 12,96,743.

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Subscription Status of Kusumgar IPO

Here are the subscription details for Kusumgar IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 135.80 times on the final day, from Day 2's 13.91 times, driven by a sharp last-day surge in institutional demand.
• Qualified institutional buyers (ex-anchor) led strongly at 299.51 times, surging from Day 2's 2.30 times, indicating massive institutional interest concentrated on the closing day of this engineered fabrics IPO.
• Non-institutional investors recorded exceptional demand at 174.28 times, surging from Day 2's 38.71 times, with bNII at 189.40 times and sNII at 144.04 times.
• Retail investors improved to 27.97 times from Day 2's 10.08 times.
• Employee category improved to 11.09 times from Day 2's 4.12 times.
• Total applications reached 37,19,563 on Day 3.
   

Key Highlights – Day 2

• Overall subscription surged to 13.52 times, from Day 1's 3.68 times, driven by a sharp acceleration in NII demand on Day 2.
• Non-institutional investors led at 37.92 times, surging from Day 1's 7.77 times, with bNII at 38.56 times and sNII at 36.64 times, reflecting strong HNI demand for this engineered fabrics IPO.
• Retail investors improved to 9.88 times from Day 1's 3.77 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.85 times, improving from Day 1's 0.50 times.
• Employee category improved to 4.04 times from Day 1's 1.82 times.
   

Key Highlights – Day 1

• Overall subscription crossed full subscription strongly at 3.64 times on Day 1 (July 8, 2026), reflecting strong initial investor interest in this engineered fabrics IPO.
• Non-institutional investors led with strong demand at 7.72 times on the opening day, with sNII at 9.61 times and bNII at 6.78 times, reflecting strong HNI appetite for this aerospace, defence, and industrial fabrics company.
• Retail investors recorded strong participation at 3.71 times on Day 1.
• Employee category recorded 1.79 times, with employees eligible for a discount of ₹39 per share on the issue price.
• Qualified institutional buyers (ex-anchor) showed moderate participation at 0.50 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹193.95 crores on July 7, 2026.

About Kusumgar Limited

Incorporated in 1990, Kusumgar Limited is a manufacturer of woven, coated, and laminated synthetic engineered fabrics based on polyamide and polyester filaments using polyurethane chemistry. The company serves aerospace and defence, industrial and automotive, and outdoor and lifestyle segments, offering over 1,000 unique fabric SKUs. It has expanded into finished products including parachute systems, stealth materials, camouflage nets, and deployable shelters for aerospace and military use.