Kusumgar IPO: 13.13x Subscription and 38% GMP Signal Rs 577 Debut
Kusumgar’s Rs 650-crore IPO saw intense demand, with overall subscription reaching 13.13 times by Day 2, led by NIIs at 36.64x. A grey market premium of Rs 158 points to a potential 38% listing gain, but the OFS-only structure means no fresh capital for the company.
Source: economictimes.indiatimes.com · economictimes.indiatimes.com