# BSE

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/bse-company
Canonical HTML page: https://getstartupbrief.com/entity/bse-company

## Timeline

- **2026-07-10**: IPO Subscription Closes — Bidding window ends; shares allotted based on book-building demand.
- **2026-07-08**: IPO Subscription Opens — Kusumgar's Rs 650-crore OFS opens for investor bidding at a price band of Rs 398–419 per share.
- **2026-07-07**: Grey Market Premium Surge — Unlisted shares command a GMP of Rs 166, signalling near-40% listing gain ahead of IPO opening.
- **2026-07-06**: Twinkle Papers expected listing — Shares of Twinkle Papers expected to list on the BSE SME platform.
- **2026-07-01**: Subscription period closes — Both IPOs close for retail, non-institutional, and qualified institutional buyers.
- **2026-06-29**: Aastha Spintex and Twinkle Papers IPOs open for subscription — Both IPOs begin accepting bids. Aastha priced at Rs 125-136, Twinkle at Rs 64-69.

## Recent coverage (3 stories)

### Kusumgar eyes Rs 4,400 cr valuation in OFS IPO; GMP tops Rs 166
2026-07-08 04:06:42 · Sentiment: Bullish · Impact: 6/10 · Sources: 2

Bootstrapped synthetic fabric manufacturer Kusumgar goes public with a Rs 650-crore OFS IPO. No new shares are issued, making this a pure exit for early backers. The grey market values the firm at ~Rs 4,400 crore as employee stock discounts sweeten the deal.
Full story: https://getstartupbrief.com/story/kusumgar-ofs-ipo-startup-founders-exit

### Bootstrapped to IPO: Aastha Spintex Raises Rs 170 Cr to Acquire Falcon Yarns
2026-06-29 11:21:33 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Gujarat-based textile manufacturer Aastha Spintex goes public with a Rs 170 cr IPO to fund Falcon Yarns acquisition, doubling spinning capacity. SME IPO Twinkle Papers also opens today, reflecting vibrant primary market for manufacturing startups.
Full story: https://getstartupbrief.com/story/aastha-spintex-startup-acquisition-ipo

### Waterways Leisure IPO at 69%: Retail Bets 3x on Cruises, but Institutions Balk
2026-06-28 01:00:53 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Waterways Leisure Tourism's Rs 585 crore IPO closed at 69% subscription, with retail investors oversubscribing 3x while institutions stayed sidelined. For Indian travel and leisure startups, the tepid institutional response raises thorny questions about whether capital-intensive experiential consumer businesses are ready for public market scrutiny — even as retail enthusiasm validates the cruise tourism growth thesis.
Full story: https://getstartupbrief.com/story/waterways-leisure-ipo-69-percent-retail-3x-signals-for-indian-travel-startups

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getstartupbrief.com/guides/methodology for the full editorial methodology.