Engineered fabric manufacturer Kusumgar Ltd made a stellar stock market debut, listing at a 37% premium over its IPO price of ₹419 on the BSE. The stock opened at ₹574 and later climbed as high as ₹620, reflecting strong investor confidence after the IPO was subscribed 128.85 times. Analysts attributed the impressive listing to robust demand and optimism around the company’s presence in the aerospace and defence sectors. However, experts advised investors to remain cautious due to recent financial performance, recommending partial profit booking for IPO allottees while suggesting fresh investors wait for better entry opportunities after price consolidation.