Branch² Intelligence
Kusumgar IPO Day 3: GMP soars 38%, Rs 650-crore issue attracts strong investor demand
Key takeaway
Kusumgar's Rs 650 crore IPO sees 38% GMP surge, indicating strong investor demand.
- Step 1Kusumgar's Rs 650 crore IPO attracts strong demand with 38% GMP surge.
- Step 2Successful IPO provides capital for working capital and expansion, improving Kusumgar's operational capacity.
- Step 3Positive sentiment spills over to other manufacturing SMEs, potentially lowering their cost of equity capital.
Source: IN:Economic Times
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