Branch² Intelligence
Kusumgar IPO crosses 12x subscription on Day 2, NII category leads at 36x
Key takeaway
Kusumgar IPO subscribed 12x on Day 2, NII category 36x, indicating strong demand.
- Step 1Kusumgar IPO subscribed 12x on Day 2, NII category 36x, indicating strong demand.
- Step 2Successful capital raise improves Kusumgar's balance sheet and enables expansion or debt reduction.
- Step 3Positive sentiment may lead to higher valuation and attract further investor interest.
Source: IN:The Hindu BusinessLine
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