Mumbai: The Initial Public Offering of Kusumgar Limited was subscribed 128.85 times on the final day of bidding.

The issue received bids of 1,47,76,09,490 equity shares against the offered 1,14,68,094 equity shares, according to data available on the stock exchanges.

Qualified Institutional Investors (QIB) portion and Non-Institutional Portion were subscribed 284.1 times and 165.46 times, respectively. The Retail Portion was subscribed 26.47 times, while the Employee Reserved Quota was subscribed 10.48 times on the final day of bidding.

Kusumgar Limited attracted strong institutional interest, raising Rs 193.9 crore from anchor investors. The anchor book was backed by marquee global and domestic institutions, including Blackstone Global Funds – India Fund, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, Kotak Mahindra Life Insurance Company, and leading mutual fund schemes such as SBI Comma Fund, ICICI Prudential ELSS Tax Saver Fund, Tata Flexi Cap Fund, and Mirae Asset Infrastructure Fund.