Investor sentiment in India’s primary market is showing clear divergence, with engineered fabrics manufacturer Kusumgar Limited attracting robust subscription interest while Laser Power & Infra Ltd faces a sluggish start.
The contrasting reception highlights a selective appetite among retail and institutional investors as both issues approach their final day of bidding on Friday, July 10.
Kusumgar’s IPO, which opened to public subscription on Wednesday, has maintained strong momentum into its second day.
Analysts view the issue as a potential candidate for quick gains, driven by solid underlying demand for its products.
In contrast, Laser Power’s offering has struggled to gain traction, with weak initial subscription numbers raising questions about valuation and market timing for the infrastructure firm.
The two companies are part of a busy week for India’s primary market, collectively raising over ₹1,392 crore alongside several smaller SME issues.