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Kusumgar Limited's IPO Subscribed 3.45 Times on Day 1 of IPO

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Issue closes on Friday, July 10, 2026, for bidding Mumbai, July 08, 2026 : The Initial Public Offering of Kusumgar Limited was subscribed 3.45 times on the first day of bidding, demonstrating strong demand from retail and non-institutional investors for this IPO. The issue received bids of 3,95,95,045 equity shares against the offered 1,14,68,094 equity shares, according to data available on the stock exchanges. Retail Portion and Non-institutional portion were subscribed 3.52 times and 7.35 times respectively. Qualified Institutional Buyers (QIB) Portion was subscribed 0.47 times. Whereas the Employee Reserved portion is subscribed 1.69 times. The issue kicked off for subscription on Wednesday, July 08, 2026, and will close for subscription on Friday, July 10, 2026. A day before the opening of the issue, Kusumgar Limited had raised Rs 193.9 crore from anchor investors. Brokerage houses recommend Kusumgar IPO Leading brokerage firms like BP Wealth, ICICI Direct, SBI Securities and SMIF...
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Flipkart Expands Zero Commission Across Fashion, Empowering Sellers and Accelerating the Growth of India’s Fashion Ecosystem

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Zero Commission now applies across every fashion category and price point, enabling sellers to retain more, invest more and grow faster. Strengthens opportunities for MSMEs, homegrown brands and D2C businesses to scale across India. Combines seller-first economics with AI-powered insights to help brands respond faster to changing consumer trends.   Bengaluru, July 08, 2026: Flipkart, India's homegrown e-commerce marketplace, has deepened its commitment to the fashion ecosystem by extending Zero Commission to all fashion products, now covering every price point in the category. The policy previously applied Zero Commission to fashion products priced up to INR 1000/-. This significantly benefits sellers of all sizes and unlocks new growth opportunities. For customers, it translates into a greater selection across fashion categories, enhanced availability of premium offerings and stronger value. With Zero Commission, ~90K transacting sellers in the fashion category, including MSMEs a...
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Yuvraaj Parashar Recreated His Father's Final Moments for Gudhal—And Couldn't Hold Back His Tears

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Writers and filmmakers often borrow the smallest nuances from real life to make their stories feel authentic. For actor, writer, director and producer Yuvraaj Parashar, however, one such creative decision turned into an unexpectedly emotional experience while filming Gudhal . As Yuvraaj set out to direct the film's opening death sequence featuring actor Shahbaz Khan , his mind instinctively went back to the day he lost his own father. He recalled not just the grief of losing a parent, but the contrasting emotions that surrounded the moment - the disbelief of losing a parent, his mother's inconsolable grief, his family's silent heartbreak, and the surreal contrast of watching relatives and onlookers gently urge the family to complete the last rites and cremation rituals while they were still struggling to process the loss. Wanting the scene to feel as real as possible, Yuvraaj drew from those memories and recreated the emotions he had witnessed firsthand. What he hadn't ...
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Kusumgar Limited Raises Rs 193.9 Crore from Anchor Investors

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Mumbai, July 07, 2026: Kusumgar Limited, which is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics, has garnered Rs 193.9 crore from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, July 8, 2026.   The company informed the bourses that it allocated 46,28,877 equity shares at Rs 419 per share to anchor investors.   Some of the marquee institutions that participated in the anchor include Blackrock Global Funds - India Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio and Kotak Mahindra Life Insurance Company.   Amongst equity- oriented schemes, the company has allocated shares to SBI Comma Fund, ICICI Prudential ELSS Tax Saver Fund, Tata Flexi Cap Fund and Mirae Asset Infrastructure Fund.   Out of the total allocation of 46,28,877 equity shares to the anchor investors, 31,26,805 were allocated to 9 domestic mutual funds through 18 schemes.   Axis ...
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The Magnum Ice Cream Company opens new RD&I Centre in India strengthening innovation capabilities in the region

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Bengaluru, India, 6 July 2026 , The Magnum Ice Cream Company (TMICC), the world’s leading ice cream business, has opened its new Research, Design & Innovation Centre in Bengaluru, India. Spanning 13,000 square feet, this future-ready facility houses a state-of-the-art laboratory and a digitally enabled pilot plant. Located in Whitefield, Bengaluru—India’s technology hub—the centre brings together ice cream science, culinary craft, packaging expertise, and consumer technical insights under one roof, supported by the city’s strong food science, supplier, and start-up ecosystems. Designed as a Creative Lab where science meets indulgence, the centre is established to accelerate consumer-led product and packaging innovation across Kwality Wall’s, Cornetto, Magnum, Carte D’Or, Feast, and Twister brands. Its capabilities span product and process development, packaging, consumer technical insights, and regulatory assessment, helping translate emerging consumer needs into products rooted in...
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EVA Live Founder Deepak Choudhary Faces Dubai Travel Ban and Asset Freeze Over Alleged Seven Crore Debt Amid Ongoing Legal Proceedings

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Dubai / Mumbai, 03 July, 2026 — Indian entertainment promoter Deepak Choudhary, Founder & MD of EVA Live (India & Middle East) & EVENTFAQS Media has found himself at the centre of a legal storm in Dubai, after court judgments reportedly barred him from leaving the UAE and froze his assets in connection with debts of approximately AED 2,993,058, ( ₹7.70 crore). According to court documents, one judgment issued by the Dubai courts on 11 June 2026 imposed a travel ban against Choudhary . A separate decision from the Dubai execution court reportedly ordered the freezing of his bank accounts, cards, properties, receivables and other assets for the purpose of enforcing payment of the outstanding debt. Choudhary was reportedly preparing to board a flight from Dubai to Mumbai from Dubai airport on 11 June 2026. The travel restriction was issued shortly before his departure, preventing him from leaving the UAE at the last moment. The claims reportedly involve allegations that sub...
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Kusumgar Limited’s Initial Public Offering to open on 08 July, 2026, Price Band set at Rs 398/- – Rs 419/- per Equity Share

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Price band of Rs 398/- – Rs 419/- per Equity Share bearing face value of Re 1 each (“Equity Shares”) Bid/Offer Opening Date- 08 July, 2026 and Bid/Offer Closing Date – 10 July, 2026. Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter   Mumbai, 3 July, 2026: Kusumgar Limited has fixed the price band of Rs 398/- to Rs 419/- per Equity Share of face value Re 1/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Issue”) of the Company will open on 08 July, 2026 for subscription and close on 10 July, 2026. Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter. Equity shares outstanding as on date 104,991,372 Equity Shares of Re 1 each. The IPO is an offer-for-sale (OFS) for Rs 650 crore. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net of...
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