Kusumgar shares set to make market debut today; GMP hints at 39% listing premium

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AI summary

Kusumgar is set to make its stock market debut today, with the grey market premium indicating a listing premium of about 39 percent over the upper issue price of Rs 419 per share, implying an estimated listing price of around Rs 581. The Rs 650 crore IPO, entirely an Offer for Sale, was subscribed 128.85 times, with QIBs leading at 284.10 times subscription, followed by NIIs at 165.46 times and retail at 26.47 times.