Tag: KSHInternational

KSH International Limited made a subdued debut on the stock exchanges on Tuesday, December 23, 2025, with its shares listing at a discount of nearly 4 percent to the IPO issue price. The weak opening reflected cautious investor sentiment, modest subscription levels, and muted grey market cues ahead of the listing.

The initial public offering was priced in the range of ₹365 to ₹384 per share. The IPO comprised a fresh issue of equity shares along with an offer for sale by existing shareholders, aiming to raise around ₹710 crore. However, demand during the bidding period remained lukewarm, with overall subscription falling short of market expectations, particularly in the retail and non-institutional investor categories.

Ahead of the listing, the grey market premium (GMP) for KSH International shares stayed close to zero, signalling limited appetite for the stock in the unofficial market. Market participants had warned that the absence of a meaningful premium could translate into a flat or negative listing. Analysts also flagged valuation concerns, stating that the IPO appeared fully priced when compared with listed peers in the sector.

On debut, KSH International shares opened at around ₹370 on both the BSE and NSE, representing a discount of about 4 percent from the upper end of the price band. The stock remained under pressure in early trade as selling continued, reflecting cautious sentiment across broader markets and selective buying by investors.

KSH International operates in the manufacturing segment, supplying industrial products with a strong export orientation. A sizeable portion of its revenue is derived from international markets, including the US, UAE and Saudi Arabia. The company runs multiple manufacturing facilities in Maharashtra and has reported steady revenue growth over recent years, supported by long-term client relationships and global quality certifications.

Market experts say the stock’s performance in the coming sessions will depend on overall market stability and the company’s ability to maintain earnings momentum. Investors are advised to closely track quarterly results and margin trends before taking long-term exposure.

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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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