Kusumgar’s stock debuts on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) at a significant premium over its IPO price. According to NSE data reported by NDTV, the Rs 650-crore initial public offering receives strong demand, with bids for 1,47,76,17,435 shares compared with 1,14,68,094 shares on offer. NDTV also cites the stock’s initial listing premium at about 37% on the market debut. Business Line reports that the shares rise further, trading over 48% above the IPO price after listing. Together, the two reports indicate that the IPO attracts substantial subscriptions and that the stock opens higher and continues to trade at elevated levels in the early session. The exact share price levels and the time-by-time movement are not detailed in the provided excerpts, but both sources agree on the core outcome: a strong listing premium and continued upward trading versus the offer price.