Kusumagar IPO Allotment status is expected to be out today after the issue was subscribed 135.80 times overall. The 650 crores issue saw a massive oversubscription during the bidding period. Even in the grey market the IPO is trading with a GMP of Rs. 160 hinting at a bumper opening for the shares with more than 38% profit if the sentiment sustains.

Kusumgar IPO Details

The issue is entirely an offer for sale of 1.55 crore shares worth Rs. 650.36 crore. The subscription for the Kusumagar IPO started on July 8th and ended on Jul 10th. The allotment for the Kusumgar IPO will be announced today. Kusumgar IPO will list on NSE and BSE with a tentative listing date fixed as Jul 15th.

Kusumgar IPO final issue price at Rs. 419 per share. The lot size for an application is 35 shares. The minimum amount of investment required by a retail individual investor is Rs. 14,665 for 35 shares, based on the upper price.

Kusumgar ipo gmp

As of July 13th, Kusumgar IPO GMP stood at Rs. 160. Looking at the UWith the upper price band of ₹419.00, Kusumgar IPO’s estimated listing price is ₹579 (cap price + today’s GMP). The expected percentage gain/loss per share is 38.19%.

Kusumagar IPO Subscription

During the bidding period, the Kusumgar IPO was subscribed 135.80 times overall. The public issue was subscribed 27.97 times in the retail category, while in the QIB segment it was subscribed 299.51 times and 174.28 times in the NII category at the end of July 10

How to Check Kusumagor IPO Allotment Status?
Investors who applied for the Kusmagar IPO will now be able to find out whether they get the shares or not. Here are the ways via which you can check:

Go to the BSE IPO allotment page and select Equity. Then choose Kusumgar Limited, enter your application number or PAN, complete the CAPTCHA, and click Search.

On the NSE IPO status page, open Equity and SME IPO Bid Details, select Kusumgar Limited, enter your application number and PAN, and submit.

On the Bigshare Services portal, the allotment can also be checked by PAN, application number, DP ID/client ID, or bank account details.

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