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

Kusumgar has set its IPO price band at Rs 398–419 for a Rs 650-crore offer for sale, opening July 8. The issue has a grey market premium of about 33%, signalling strong demand. The company has reported steady revenue and profit growth, supported by a diversified industrial fabric portfolio.