Kusumgar IPO Day 3: GMP soars 38%, Rs 650-crore issue attracts strong investor demand
Kusumgar’s Rs 650-crore initial public offering is nearing its closing day with robust investor participation. The stock currently commands a significant grey market premium, indicating strong investor sentiment. Non-Institutional Investors led the subscription, followed by retail and QIB segments. The company specializes in engineered synthetic fabrics for demanding industrial applications. Share allotment is expected on…