Kusumgar IPO, July 6 -- The initial public offering of engineered fabrics manufacturer Kusumgar is set to open for public subscription on Wednesday, 8 July, and will remain open until Friday, 10 July. Ahead of the issue launch, the grey market is witnessing healthy demand for Kusumgar shares, signalling the stock could list at a premium on the Indian exchanges.

The grey market premium (GMP) of Kusumgar shares on Monday, 6 July, morning was Rs.171. This indicated the stock may list at a premium of 41% on the BSE and the NSE on Wednesday, 15 July.

Meanwhile, the Kusumgar IPO price band has been fixed in the range of Rs.398 to Rs.419 per equity share. As the issue is scheduled to conclude on Friday, share allotment is expected to be finali...