Kusumgar IPO Day 3: Issue subscribed 13.13x so far. GMP hints 38% listing pop. Apply or not?
New Delhi, July 10 -- The Kusumgar IPO opened for subscription on Wednesday, 8 July, and will close today, Friday, 10 July. Ahead of the issue opening, the manufacturer of woven, coated, and laminated synthetic fabrics, also known as engineered fabrics, raised Rs.193.9 crore from anchor investors.
The company allotted 46,28,877 equity shares to anchor investors at the upper price band of Rs.419 per share, according to an exchange filing.
The anchor investor book attracted participation from several marquee institutional investors, including BlackRock Global Funds - India Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, and Kotak Mahindra Life Insurance Company, among others.
The Kusumgar IPO lot size has been fixed at ...
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