Kusumgar IPO: Issue booked 136 times on Day 03; NII, QIB portions see huge demand, GMP signals 39% premium

Kusumgar Limited's ₹650 crore IPO was subscribed 135.80 times on the final day, with QIB portion booked 299 times, NII 174 times, and retail 28 times. The issue is entirely an Offer for Sale of 1.55 crore shares, with no proceeds going to the company. Grey market premium stood at ₹163, implying an estimated listing price of around ₹582 per share, a premium of nearly 39 percent over the upper end of the price band, and shares are scheduled to list on BSE and NSE on July 15.