Kusumgar Limited, an engineered fabrics manufacturer, is set to open its initial public offering to public subscription on Wednesday, July 8.
The issue will remain open until Friday, July 10, with the price band fixed at ₹398 to ₹419 per equity share.
The offering is structured entirely as an offer for sale (OFS), involving approximately 1.55 crore shares, meaning no fresh capital will be raised for the company.
Instead, existing shareholders will exit their stakes through the public market.
The launch comes as Indian equity markets continue to see robust retail participation in new issues.
Recent IPOs, including Advit Jewels and Avience Biomedicals, have recorded massive oversubscription levels, driven by intense investor appetite and strong grey market premiums.