# Investors Swarm Kusumgar's ₹650 Crore Share Sale as Grey Market Premium Jumps to ₹162

> Textile maker Kusumgar Limited saw its ₹650 crore IPO subscribed 128.85 times, while its grey market premium climbed to ₹162, or about 38.66 percent above the issue price.

**Type:** article · **Category:** Market · **Published:** 2026-07-11 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/kusumgar-limiteda-ke-aipio-para-tute-niveshaka-gre-marketa-men-sheyara-162-primiyama-para-6802 · **Language:** English
**Tags:** Kusumgar IPO, IPO subscription, GMP, grey market premium, IPO listing, share market, OFS

Kusumgar Limited, a company in the textile business, drew a wave of investor enthusiasm for its recent public offering. The issue opened on Wednesday, 8 July and closed on Friday, 10 July. By the final day of bidding, it had racked up an overall subscription of 128.85 times, meaning demand ran to well over a hundred times the shares on offer. Founded back in 1990, the company manufactures woven, coated and laminated synthetic fabrics, known in the trade as engineered fabrics.

## How the demand broke down
According to NSE figures, the ₹650 crore issue drew bids for 1,47,76,17,435 shares against the 1,14,68,094 shares available. The strongest conviction came from large institutional players. The portion reserved for QIBs, or Qualified Institutional Buyers, was subscribed a remarkable 284.10 times. The Non-Institutional Investors (NII) category filled up 165.46 times, while the retail investors' quota was booked 26.47 times. On top of that, the company had already raised ₹193.9 crore from anchor investors before the issue even opened.

## An offer built entirely on OFS
One crucial detail deserves attention here. Kusumgar Limited is raising ₹650 crore through this IPO, yet not a single fresh share is being issued. The entire offering is structured as an Offer for Sale (OFS), which means the company's promoters are selling their existing holdings. The direct consequence is that every rupee raised flows to the promoters offloading their stakes, and the Mumbai-based company itself receives nothing from the proceeds.

## Shares to be allotted at ₹419
The company had set a price band of ₹398 to ₹419 per share, and investors will now be allotted stock at the upper end, ₹419. It also carved out a special concession for its own staff, offering employees a discount of ₹39 on each share. The strength of demand was clear from the start, as the issue was fully subscribed on Wednesday, its very first day.

## A 38.66 percent premium in the grey market
Ahead of listing, the unofficial grey market has been buzzing over the stock as well. On Saturday, Kusumgar Limited shares were changing hands at a hefty grey market premium of ₹162, roughly 38.66 percent above the issue price. Investors should keep in mind, however, that the GMP is only an informal signal and can swing sharply before the actual listing. Kusumgar Limited is set to debut next week, on 15 July, on both of the domestic market's major exchanges, the BSE and the NSE, and only then will it become clear whether this heavy demand translates into real listing gains.

## What this means for you
- **For investors:** Those who get an allotment receive shares at ₹419, and the current ₹162 grey market premium points to healthy listing gains, though that could shift by the actual 15 July debut.
- **For applicants:** With 128.85 times overall subscription and the retail quota booked 26.47 times, securing an allotment will be tough, so not getting shares is no cause for alarm.

## Questions & Answers

### 1. How much was the Kusumgar Limited IPO subscribed overall?
By the final day of bidding, the IPO received an overall subscription of 128.85 times.

### 2. Which category saw the highest subscription?
The QIB, or Qualified Institutional Buyers, category was subscribed the most at 284.10 times.

### 3. At what price will the shares be allotted?
The price band was ₹398 to ₹419, and investors will be allotted shares at the upper end of ₹419.

### 4. How much money will Kusumgar Limited get from this IPO?
It is entirely an Offer for Sale, so the company gets nothing and all proceeds go to the promoters selling their shares.

### 5. What was the GMP on Saturday?
On Saturday the shares were trading at a grey market premium of ₹162, or about 38.66 percent.

### 6. When will Kusumgar Limited list?
The company will list on 15 July on both the BSE and NSE exchanges.

### 7. Did employees get any discount?
Yes, the company offered its employees a discount of ₹39 on each share.

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