Mumbai, July 8 -- The initial public offer of Kusumgar received bids for 3,95,95,045 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (8 July 2026). The issue was subscribed 3.45 times.

The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof.

The company plans to raise Rs 650 crore through the IPO, which consists entirely of an offer for sale of 1,55,13,126 shares at the upper price band of Rs 419. The entire proceeds from the sale will go to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar,...