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The Economic Times

Business

Ritesh Presswala

Kusumgar IPO price band fixed at Rs 398–419; Rs 650-crore issue opens July 8, GMP at 33%

Kusumgar, one of India's leading manufacturers of engineered synthetic fabrics, has fixed the price band for its Rs 650-crore Initial Public Offering (IPO) at Rs 398–419 per equity share. The public issue will open for subscription on July 8, 2026, and close on July 10, 2026.

Investor sentiment appears upbeat ahead of the issue. In the grey market, the IPO is currently commanding a Grey Market Premium (GMP) of around Rs 139 per share, translating into a premium of nearly 33% over the upper price band of Rs 419. Based on the prevailing GMP, the stock is estimated to list at around Rs 558 per share, reflecting strong demand ahead of its market debut.

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