When the Nifty achieved 18,000 on April 4, sentiment was still brittle with foreign funds pulling money out of India. Over the next two months, the Nifty plunged almost 16% to a 52-week low of 15,183.4 on June 17.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.