KSH International’s initial public offering (IPO) has had a slow start. By the second day, the IPO was subscribed around 21%, indicating cautious investor interest. The grey market premium (GMP), which signals expected listing gains, remains low, suggesting that immediate profits after listing are unlikely.
The company aims to raise about ₹710 crore through the IPO, which includes a fresh issue of ₹420 crore and an offer-for-sale of ₹290 crore. The share price band is set between ₹365 and ₹384 per share. The IPO will remain open until December 18, with allotment expected on December 19. Listing on the BSE and NSE is planned for around December 23.
Despite the slow early response, analysts say KSH International has strong long-term prospects. The company is one of India’s largest manufacturers of magnet winding wires, used in power, automotive, renewable energy, and industrial machinery sectors. These industries are expected to grow steadily, supporting the company’s performance in the coming years.
Brokerages recommend subscribing with a medium- to long-term perspective rather than expecting quick listing gains. KSH International’s presence in key infrastructure and energy sectors provides a stable foundation for future growth.
Early investor response has been modest, but experts see potential in the company’s strong fundamentals. The IPO offers an opportunity for investors seeking steady growth rather than immediate returns.
Overall, while subscription numbers are low, the company’s sector focus and business model make it an attractive option for patient investors. The market will watch closely as the IPO closes and moves toward listing.
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