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The Economic Times

Business

Ritesh Presswala

Kusumgar IPO gets 129x bids on final day; GMP signals 38% listing gains

Kusumgar GMP IPO

Kusumgar’s Rs 650-crore initial public offering (IPO) ended the subscription process with a blockbuster response on the final day of bidding. The issue was subscribed 129 times against the 1.14 crore shares offered.

Qualified Institutional Buyers (QIBs) led the subscription, bidding 284.10 times their reserved quota. The Non-Institutional Investor (NII) portion was subscribed 165 times, while the retail investor category was booked 26 times.

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Top stories on inkl right now

‘It looks like a war zone’: France reels as looting continues for second night

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Police appear to have been taken by surprise by scale of looting that began after protests turned violent in Paris and other cities

The Guardian - UK

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The Independent UK

ICE agents broke US citizen’s arm as they detained him in California, officials say

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Ricardo Gonzalez was injured and taken to hospital after confrontation in Long Beach, according to officials

The Guardian - US

Gangs in Haiti target foreign troops in biggest attack since new force began operations

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

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France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France has experienced significant unrest following protests over rising living costs and public services, resulting in violence and property damage. More than 2,400 people were arrested nationwide as rioters targeted shops, city halls, and public offices. Prime Minister Sébastien Lecornu instructed local authorities to consider curfews to prevent further violence…

The Times of India

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