Kusumgar Limited has fixed its initial public offering (IPO) price band between ₹398 and ₹419 per equity share of face value Re 1. The IPO subscription will open on July 8 and close on July 10, with the shares scheduled to list on July 15. The company has reserved 50% of the shares for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors, according to livemint.com.
The allocation to anchor investors is set for July 7, one day before the subscription opens. Kusumgar is also offering shares to its employees at a discount. The IPO price band announcement follows the company’s regulatory filings and market preparations, positioning it for a mid-July market debut. This structured approach aims to balance demand across investor categories while providing employees with an incentive to participate.
The IPO comes amid a steady stream of public listings in the Indian market, where companies are tapping capital markets to fund expansion and repay debt. Kusumgar’s price band is in line with recent mid-cap IPOs, reflecting investor appetite for diversified sectors. The reserved quotas for QIBs, NIIs, and retail investors mirror common market practices to ensure broad participation and price discovery.
The IPO subscription window will be open from July 8 to July 10, with listing scheduled for July 15, as per the company’s official announcement on livemint.com.