Kusumgar raises ₹194 crore from anchor investors ahead of IPO opening tomorrow

Kusumgar Limited raised around Rs 193.9 crore from anchor investors by allocating 46.28 lakh equity shares at Rs 419 per share ahead of its IPO opening on July 8, 2026. Marquee institutions including BlackRock Global Funds-India Fund, Goldman Sachs Funds-India Equity Portfolio, and Kotak Mahindra Life Insurance participated in the anchor book, with 9 domestic mutual funds getting 31.27 lakh shares via 18 schemes. The entire Rs 650 crore issue is an Offer for Sale with a price band of Rs 398-419; the company reported FY26 revenue of Rs 692 crore and profit of Rs 98.20 crore.