Kusumgar’s Rs 650-crore IPO opens today; grey market points to nearly 40% listing gains

The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166 per share. At this level, the stock is expected to list around Rs 585 per share, implying a potential gain of nearly 40% over the upper end of the IPO price band

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