Kusumgar IPO price band fixed at Rs 398–419; Rs 650-crore issue opens July 8, GMP at 33%

Kusumgar has fixed its IPO price band at Rs 398-419 per share for a Rs 650-crore issue opening on July 8, with a Grey Market Premium of around 33 percent indicating strong listing-day demand. The entire issue is an Offer for Sale with no fresh share issuance, and employees are entitled to a Rs 39 discount. The company posted revenue of Rs 692 crore and net profit of Rs 98.2 crore in FY26, up from Rs 467.9 crore and Rs 84.3 crore respectively in FY24.