Kusumgar IPO sees 12.85x subscription on Day 2, led by NII category at 36.10x, amid strong investor interest.

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…

The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166 per share. At this level, the stock…

Kusumgar IPO opens today at ₹398-419, aiming to raise ₹650 crore with strong backing from anchor investors.

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,…

Kusumgar IPO sees 12.85x subscription on Day 2, led by NII category at 36.10x, amid strong investor interest.