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Kusumgar IPO Day 2: GMP at 38%, Rs 650-crore issue sees strong investor interest
The IPO received a solid response on Day 1, with the issue subscribed 3.45 times against the 1.14 crore shares on offer. The retail investor portion was subscribed 3.52 times, while the Non-Institutional Investors (NIIs) category saw a strong 7.35-times subscription.
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economictimes.indiatimes.com
Can Kusumgar IPO deliver long-term growth for high risk investors?
Kusumgar plans a ₹650 crore offer for sale, reducing promoter stake to 75.4%. The engineered fabrics manufacturer boasts strong EBITDA margins, exceeding its listed peers. Revenue…
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Kusumgar's Rs 650-crore IPO opens tomorrow; GMP signals nearly 40% listing gain
Kusumgar's Rs 650-crore IPO will open for subscription on July 8, with the issue commanding a grey market premium of around Rs 166. The offer is entirely an offer for sale, while…
