Branch² Intelligence

Kusumgar IPO Day 3: Issue subscribed 13.13x so far. GMP hints 38% listing pop. Apply or not?

IN · 2026-07-10

Key takeaway

Kusumgar IPO subscribed 13.13x, driven by QIB and NII demand, with a grey market premium hinting at ~38% listing pop.

Step 1Kusumgar IPO subscribed 13.13x, with strong QIB and NII demand.
Step 2Anchor investment of ₹193.9 crore and grey market premium of ~38% indicate high investor confidence.
Step 3Successful listing on July 15 will provide Kusumgar with growth capital, enabling expansion and working capital improvements.

This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.