Kusumgar Limited has raised ₹193.9 crore from anchor investors, securing institutional backing for its upcoming initial public offering.
The engineered fabrics manufacturer allocated 4,628,877 shares at ₹419 each to these early buyers, signaling strong interest ahead of the public subscription phase.
The IPO is structured as an Offer for Sale totaling ₹650 crore, involving 1.55 crore shares.
The issue opens to public investors on Wednesday, July 8, and remains open until Friday, July 10.
The anchor book closure provides a critical benchmark for pricing and demand as the company transitions to the public markets.
Kusumgar specializes in woven, coated, and laminated synthetic fabrics, a sector often referred to as engineered textiles.