New Delhi, July 9 -- The recent trend in IPO subscriptions reveals a mixed picture: the Laser Power IPO experienced a sluggish start on its first day, whereas the Kusumgar IPO maintained robust investor interest on the second day of bidding.

According to subscription data from the BSE, the two prominent public issues received differing responses across investor categories, highlighting contrasting market sentiments toward these offerings.

Talking about Kusumgar IPO, Swastika Investmart has recommended subscribing to the issue primarily for listing gains, citing the company's niche position in the defence sector and high entry barriers. However, the brokerage remains cautious on its long-term prospects due to declining revenue, EPS, and ...