Kusumgar IPO Subscription Status
Final figures at close of bidding: 16 Jul 2026, 2:55 pm IST
| Category | Subscription |
|---|---|
| QIB | 299.51x |
| NII | 174.28x |
| sNII (₹2L–₹10L) | 144.05x |
| bNII (above ₹10L) | 189.4x |
| Retail (RII) | 27.97x |
| Employee | 11.09x |
| Total | 135.8x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Employee | Total |
|---|---|---|---|---|---|---|
| Day 1 | 0.5x | 9.75x | 6.79x | 3.77x | 1.82x | 3.68x |
| Day 2 | 2.3x | 37.76x | 39.18x | 10.08x | 4.12x | 13.91x |
| Day 3 | 299.51x | 144.05x | 189.4x | 27.97x | 11.09x | 135.8x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Kusumgar book was built over 3 days: overall subscription stood at 3.68× at the close of day 1, read 13.91× at the end of day 2, and finished at 135.8× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 299.51× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 13.91× to 135.8×.
Category detail
Qualified institutional buyers took their portion to 299.51×. Non-institutional investors came in at 174.28×, split 144.05× in the small-NII bucket (bids under ₹10 lakh) and 189.4× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 27.97× the shares reserved for them. Reserved portions ended with the employee quota at 11.09×. That puts qualified institutional buyers (QIB) at the top of the book at 299.51× and the employee quota at the bottom at 11.09×.
What the multiple means for allotment
With retail subscription at 27.97×, applications in that category exceeded the shares available to it by a factor of about 27.97. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 35 shares — ₹14,665 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Kusumgar IPO open and close?
- The Kusumgar IPO opens on 8 Jul 2026 and closes on 10 Jul 2026.
- How many times was the Kusumgar IPO subscribed?
- The Kusumgar IPO was subscribed 135.8 times in total across all investor categories.
- What is the reservation split in the Kusumgar IPO?
- Of the total shares offered, retail investors get 34.79%, QIBs 19.88% (plus 29.82% anchor), non-institutional investors 14.91%.