Home / Business and Economy / Kusumgar IPO Closes at 128x Demand!
Kusumgar IPO Closes at 128x Demand!
13 Jul
Summary
- Kusumgar IPO closed on July 10 with 128.85 times oversubscription.
- Qualified institutional buyers showed overwhelming interest, subscribing 284.10 times.
- This pure Offer for Sale IPO aims to enhance brand visibility and shareholder liquidity.
The bidding for the Kusumgar IPO, which opened on July 8, 2026, closed on July 10, 2026, after garnering an exceptional overall subscription of 128.85 times. The Qualified Institutional Buyers (QIB) portion was particularly sought after, with a subscription rate of 284.10 times. Non-institutional investors subscribed 165.46 times, and retail individual investors booked 26.47 times.
The IPO consists entirely of an Offer for Sale (OFS) of 1.55 crore equity shares, valued up to ₹650 crore, with promoter-selling shareholders including Siddharth Yogesh Kusumgar and Sapna Siddharth Kusumgar. As it is an OFS, Kusumgar will not receive any proceeds from the IPO; however, the company anticipates that listing will strengthen its brand visibility and offer liquidity to current shareholders.
The shares were offered in a price range of ₹398 to ₹419 per share, with a lot size of 35 shares, requiring a minimum investment of ₹14,665 for retail investors. Allotment is anticipated to be finalized on July 13, 2026, with refunds commencing on July 14, 2026. Shares are scheduled to debut on the stock market on July 15, 2026.
