Kusumgar IPO: GMP, dates, price band, other key details in 10 points

Engineered fabrics manufacturer Kusumgar's IPO opens for subscription on 8 July and closes on 10 July, with a price band of Rs 398 to Rs 419 per share. The Rs 650 crore issue is entirely an offer for sale of about 1.55 crore shares by promoter selling shareholders, meaning the company will not receive any proceeds. The grey market premium was at Rs 159 on Tuesday, indicating a potential 38 percent listing premium over the upper price band.