Kusumgar IPO, July 7 -- Engineered fabrics manufacturer Kusumgar is set to launch its initial public offering (IPO) on Wednesday, 8 July. The issue is entirely an offer for sale (OFS) of about 1.55 crore shares. Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF are the promoter selling shareholders in the OFS.

Kusumgar is a manufacturer of engineered fabrics, catering to aerospace, defence, industrial, automotive, outdoor and lifestyle market segments.

The grey market premium (GMP) of Kusumgar stock declined to Rs.159 on Tuesday morning from Rs.171 on Monday morning. Tuesday's GMP shows the stock could list at a 38% premium over the issue price.

1. Kusumgar IPO price band: The issue's price band has...