Kusumgar IPO made its stock market debut on Tuesday, July 15, 2026, with the company's equity shares getting listed on both the NSE and BSE. The listing comes after the public issue witnessed robust demand across investor categories during the subscription period.
As of July 15, 2026, at 9:45 AM, Kusumgar shares setteled at a premium of 35.79% on the NSE and 36.99% on the BSE over the IPO issue price of ₹419 per share.
As of July 15, 2026, at 10:46 AM, Kusumgar share price was trading at ₹611.90 on the NSE, up 7.54% from its opening price of ₹569.00 and 46.04% above its issue price of ₹419.00.
During the session, the stock touched an intraday high of ₹621.00 and a low of ₹568.15.
The company's market capitalisation stood at ₹6,443.32 crore
Kusumgar IPO remained open for subscription from July 8 to July 10, 2026, while the basis of allotment was finalised on July 13, 2026.
The IPO was subscribed 128.85 times overall.
Qualified Institutional Buyers (QIBs): 284.10 times
Non-Institutional Investors (NIIs): 165.46 times
Retail Individual Investors (RIIs): 26.47 times
Kusumgar raised ₹193.95 crore from 15 anchor investors by allotting 46.28 lakh equity shares at ₹419 per share on July 7, 2026.
The anchor book saw participation from leading domestic institutional investors, including Nippon India Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Tata Mutual Fund, Axis Mutual Fund, WhiteOak Capital Mutual Fund and Bandhan Mutual Fund.
Among global investors, BlackRock Global Funds and Goldman Sachs invested around ₹20 crore each, while Axis Max Life Insurance and Kotak Mahindra Life Insurance also participated in the anchor allocation.
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Kusumgar's financial performance remained strong over the last 3 financial years, although revenue and profitability moderated in FY2026 compared to FY2025.
Revenue from operations stood at ₹692.00 crore in FY2026, compared to ₹778.99 crore in FY2025 and ₹467.91 crore in FY2024.
The company reported a PAT of ₹98.20 crore in FY2026, lower than ₹130.66 crore in FY2025 but higher than ₹84.40 crore in FY2024.
EBITDA margin remained stable at 27.15% in both FY2025 and FY2026, compared to 28.18% in FY2024. Return on Equity (RoE) declined from 86.13% in FY2024 to 40.47% in FY2025 and 25.82% in FY2026. As of FY2026, the company's Net Debt-to-EBITDA ratio stood at 0.93x.
Kusumgar shares commenced trading on the NSE and BSE on July 15, 2026, following strong subscription during the IPO bidding period. Investors will closely track the stock's performance after its market debut.
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Published on: Jul 15, 2026, 10:50 AM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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