Kusumgar Limited is set to open its initial public offering to public subscription on Wednesday, July 8, with the issue remaining open until Friday, July 10.
The engineered fabrics manufacturer has fixed its price band at ₹398 to ₹419 per equity share, positioning the debut for listing on Indian stock exchanges later this month.
Unofficial grey market pricing suggests significant investor interest, with a premium of approximately 41% over the upper price band being quoted ahead of the launch.
Unofficial grey market pricing suggests significant investor interest, with a premium of approximately 41% over the upper price band being quoted ahead of the launch.
This speculative activity indicates that market participants expect a strong listing pop, reflecting confidence in the company’s fundamentals and the broader appetite for new issues in the Indian primary market.
The offering arrives as India’s primary market prepares for a busy week of capital raising.
Kusumgar’s IPO is part of a larger wave of listings, including a concurrent offering by Laser Power & Infra Ltd. Together, these two companies are expected to raise over ₹1,392 crore, alongside several smaller SME issues scheduled for the same period.