India's Kusumgar gains in trading debut
15/07/2026 10:05
BUZZ-India's Kusumgar gains in trading debut
** Shares of Kusumgar Ltd KUSG.NS rise 4% to 591.5 rupees on trading debut, valuing co at 62.1 bln rupees ($645.3 mln) as of 14:29 IST
** Stock opened at 569 rupees, about 36% higher than IPO issue price of 419 rupees
** Engineered fabrics maker's 6.5-bln-rupee IPO, which was entirely composed of sale of shares by existing shareholders, was subscribed nearly 129x
** IPO's QIB portion was subscribed over 284x, retail investor section subscribed over 26x
** Trading volume at 22.2 mln shares so far
($1 = 96.2325 Indian rupees)
(Reporting by Vijay Malkar)