Kusumgar Limited has concluded its IPO phase with overwhelming investor interest, as the issue was oversubscribed by a record-breaking 136 times by the final day. The sale of 1.55 crore equity shares attracted aggressive bidding across both institutional and non-institutional investor segments.
Market participants are clearly optimistic about the debut, with the grey market currently indicating a robust 39% premium. This translates to an estimated listing gain of approximately ₹163 per share, significantly outpacing initial expectations.
While this offering is primarily designed to bolster brand equity rather than raise capital for company operations, the secondary sale structure has not dampened enthusiasm. Investors are now closely monitoring the official exchange listing, which is slated for July 15.
The sheer volume of applications underscores a sustained retail and institutional interest in the current primary market landscape. Analysts suggest that the strong institutional backing positions the company for a high-profile entry into the public trading arena next week.
