IPO GMPs: Kusumgar IPO vs Laser Power IPO vs SBI Funds Management IPO vs Alpine Texworld IPO - here's what GMP hints

Four IPOs are in focus this week on the Indian primary market. Kusumgar's 650 crore rupee OFS, subscribed 128.85 times with QIBs at 284x, has a GMP of 160 indicating a 38.19 percent estimated listing premium at 579 rupees (listing on 15 July). Laser Power and Infra's 742 crore rupee issue (542 crore fresh plus 200 crore OFS) is open until 13 July with a GMP of 32 (14.95 percent premium), subscribed 2x on day three. SBI Funds Management's 11,692.91 crore rupee OFS opens for subscription in a price band of 545-574 rupees with GMP at 91, though the grey market trend has turned negative over the past 8 sessions.