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. The issue was subscribed 129 times, indicating strong market sentiment for the company. A grey market premium of Rs 158 suggests potential listing gains for investors. Kusumgar’s shares are scheduled to list on July 15, 2026, after allotment.

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