Kusumgar IPO GMP at 38% after issue got fully subscribed on day 1, check price band and other details | Markets
Mumbai: The initial public offering of engineered fabric manufacturer Kusumgar Ltd has received a good response from investors on the first day of bidding on Thursday and got fully subscribed soon after it opened for subscription. The issue ended the day with 3.45 times subscription. Following this, the grey market premium (GMP) of the IPO stood at 38 per cent. According to data available on the National Stock Exchange (NSE), the Rs 650-crore IPO received bids for 3,95,95,045 shares against 1,14,68,094 shares on offer. The non-institutional investor category was booked 7.35 times, while the retail quota was subscribed to 3.52…