Investor sentiment in India’s initial public offering market is showing clear divergence this week, with engineered fabrics manufacturer Kusumgar Limited attracting robust subscription interest while infrastructure player Laser Power & Infra Ltd faces a sluggish start.
The contrasting reception underscores a selective appetite among investors, who are differentiating between sectors despite a busy issuance calendar that also includes SBI Funds Management and Alpine Texworld.
Kusumgar’s strong demand stands in sharp contrast to the tepid response for Laser Power, which has struggled to generate momentum.
This split in sentiment reflects broader caution in the primary market, where investors are scrutinizing business models and sector tailwinds more closely than in previous cycles.
The collective raise from the two main issues exceeds ₹1,392 crore, alongside smaller SME offerings, but the distribution of interest is uneven.
The market’s reaction suggests that while capital is available, it is being deployed with greater discernment.