NSE Mainboard · Series EQ · Active Issue
Kusumgar Limited — Initial Public Offering
Symbol: KUSUMGAR (Series: EQ) · Source: NSE India — All Upcoming Issues (IPO)
Issue Period
8 – 10 Jul 2026
Price Band
₹398 – ₹419 /share
Bid Lot
35 shares
UPI Mandate Cut-off
10 Jul, 5:00 PM
Issue Details
| Company | Kusumgar Limited |
|---|---|
| Symbol | KUSUMGAR Mainboard · Active |
| Issue Period | 08-Jul-2026 to 10-Jul-2026 |
| Cut-off Time for UPI Mandate Confirmation | 10-Jul-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on the last day of IPO bidding. Bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications. Investors are advised to submit their UPI applications well in advance to avoid any last-minute technical/systemic constraints. |
| Issue Size | Initial Public Offer of Offer for Sale aggregating up to ₹6,500 million (including Employee Reservation Portion aggregating up to ₹35 million and Anchor Investor portion of 46,28,877 Equity Shares) |
| Issue Type | 100% Book Building |
| Price Range | ₹398 to ₹419 per equity share |
| Discount | ₹39 per equity share to Eligible Employees |
| Face Value | ₹1 per equity share |
| Tick Size | ₹1 |
| Bid Lot | 35 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 35 Equity Shares |
| Maximum Subscription Amount for Retail Investor | ₹2,00,000 |
| Maximum Subscription Amount for Eligible Employee | ₹5,00,000 |
| Maximum Bid Quantity for QIB Investors | 1,13,70,590 Equity Shares in multiples of 35 Equity Shares (Calculated at lower price band) |
| Maximum Bid Quantity for NIB Investors | 81,21,855 Equity Shares in multiples of 35 Equity Shares (Calculated at lower price band) |
| IPO Market Timings | 10:00 a.m. to 5:00 p.m. |
| Categories | FI, IC, MF, FII, OTH, CO, IND, NOH and EMP |
| Sub-Categories Applicable for UPI | IND and EMP (upto ₹5 Lakhs) |
Intermediaries
| Book Running Lead Managers | Axis Capital Limited · IIFL Capital Services Limited · Motilal Oswal Investment Advisors Limited |
|---|---|
| Sponsor Bank | HDFC Bank Limited and ICICI Bank Limited |
| Name of the Registrar | Bigshare Services Private Limited |
| Address of the Registrar | S6 2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai 400093, Maharashtra, India |
| Contact Person | Babu Rapheal C · +91 22 6263 8200 · ipo@bigshareonline.com |
Forms, Documents & Resources
| e-Form (Online IPO Application) | Apply online via NSE GO-BID e-Forms portal |
|---|---|
| Branches of Self Certified Syndicate Banks (SCSBs) | Branches where syndicate / sub-syndicate members can submit the ASBA form — refer to the SCSB List |
| Ratios / Basis of Issue Price | Download Ratios / Basis of Issue Price |
| Red Herring Prospectus | Download the Red Herring Prospectus (RHP) |
| Bidding Centers | Download Bidding Centers |
| Sample Application Forms | Download Sample Application Forms |
| Security Parameters (Pre Anchor) | Download Security Parameters (Pre Anchor) |
| Security Parameters (Post Anchor) | Download Security Parameters (Post Anchor) |
| Anchor Allocation Report | Download Anchor Allocation Report |
| Processing of ASBA Applications | NSE Circular on ASBA Application Processing |
| Mobile Applications Accepting UPI | View the list of mobile apps accepting UPI as a payment option |
| Video — UPI-Based ASBA Process | Watch the UPI-based ASBA process video on NSE India's YouTube channel |
| Video — BHIM UPI Registration | Watch the BHIM UPI registration video on NSE India's YouTube channel |
ASBA Mandatory: All investors shall mandatorily use only the Application Supported by Blocked Amount (ASBA) facility for making payments in this issue.
Remark — Bid Modification: The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or PAN ID, Bank code and Location code) on T+1 day (T being the last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during the bidding period of the IPO only.
SEBI Circular Compliance*: As per SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 2019, all are requested to comply with the provisions of the aforementioned circular, which states: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism for a period of six months and thereafter forward the same to the issuer / Registrar to the Issue. However, in case of electronic forms, printouts of such applications need not be retained or sent to the issuer. Intermediaries shall, at all times, maintain the electronic records relating to such forms for a minimum period of three years.
