Branch2 Intelligence
Kusumgar IPO opens July 8 with ₹650 crore OFS; check price band and GMP
Key takeaway
Kusumgar's ₹650 crore IPO opens July 8; promoters sell shares, company gets no proceeds.
- Step 11st-order: Kusumgar promoters sell ₹650 crore shares via OFS IPO; company receives no proceeds.
- Step 22nd-order: Promoter stake reduces, public float increases; potential overhang of further selling.
- Step 33rd-order: No new capital for growth; company's expansion plans may be constrained, affecting supplier and customer confidence.
Source: CNBC TV18 (Markets)
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