Kusumgar IPO Day 3 Update: Issue subscribed 72 times; GMP signals potential 38% listing upside

Kusumgar’s Rs 650-crore initial public offering received a strong response on its final day. Non-Institutional Investors led the subscription frenzy, bidding significantly over their reserved quota. Qualified Institutional Buyers also showed considerable interest in the company’s shares. The grey market premium suggests a potential listing gain of nearly thirty-eight percent. The company’s shares are scheduled…