Branch2 Intelligence
IPO Calendar: Mainboard IPO of Kusumgar among 3 new public offers on investors radar next week
Key takeaway
Kusumgar's ₹650 crore IPO opens July 8 with 33% grey market premium; pure offer for sale by promoters.
- Step 11st-order: Kusumgar IPO opens with 33% grey market premium, indicating strong demand from retail and institutional investors.
- Step 22nd-order: Positive sentiment spills over to other defence and aerospace suppliers, boosting valuations and secondary market interest.
- Step 33rd-order: Successful listing encourages more defence-sector companies to tap primary markets, increasing supply of shares and potentially diluting valuations over time.
Source: IN:Economic Times
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