Kusumgar IPO Day 1: Issue opens today. GMP hints 40% listing pop. Should you apply or not?

The Kusumgar IPO subscription opens on July 8 and closes on July 10. The company raised ₹193.9 crore from anchor investors, allocating equity shares at ₹419 each. The IPO is 100% offer-for-sale, with no fresh capital raised, and is set to list on July 15.