Branch2 Intelligence
Kusumgar IPO price band fixed at Rs 398–419; Rs 650-crore issue opens July 8, GMP at 33%
Key takeaway
Kusumgar's IPO price band set at Rs 398-419 for Rs 650 crore offer for sale, opening July 8.
- Step 11st-order: Kusumgar launches Rs 650 crore IPO at Rs 398-419 price band with 33% grey market premium.
- Step 22nd-order: Strong demand signals investor confidence, leading to full subscription and potential oversubscription.
- Step 33rd-order: Successful listing and capital infusion enable Kusumgar to expand capacity or reduce debt, improving its competitive position.
Source: IN:Economic Times
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