Overview
- Kusumgar fixed a price band of ₹398–419 and will open its fully promoter-run offer-for-sale for subscription from July 8 to July 10 with a planned listing on BSE and NSE on July 15.
- The entire ₹650 crore issue is an offer-for-sale by promoters so the company will not receive proceeds and promoters Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar and their HUF are selling shares.
- Half the issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors, with a minimum lot of 35 shares and an employee reservation worth ₹3.5 crore at a ₹39 discount to the final price.
- Kusumgar reported FY26 revenue of ₹692 crore and net profit of ₹98.2 crore, down from FY25, a decline that investors will weigh when bids are placed and allocations are decided.
- Pre-listing signals show a reported grey market premium of roughly ₹135–139, which may indicate early demand but is unofficial and could diverge from formal book-runner subscription trends and the final listing price.