The Rs. 650 crore Kusumgar IPO witnessed strong investor participation on its final day of bidding, supported by healthy demand across investor categories. The grey market premium also remained strong, indicating positive sentiment ahead of the expected listing.
The company manufactures engineered fabrics used across industrial applications, and investors are optimistic about its long-term growth prospects. However, analysts continue advising investors to evaluate financial fundamentals rather than relying solely on grey market trends.
