KSH International IPO: Slow start, low demand on closing day
KSH International's IPO—open from December 16 to 18—saw low interest, getting just 0.30 times subscribed by the final morning.
The company aimed to raise ₹420 crore through new shares and ₹290 crore via an offer-for-sale, with shares priced between ₹365-384 (minimum investment: ₹14,976 for 39 shares).
Who's buying?
Retail investors showed a bit more enthusiasm (0.54x subscription), but big institutional buyers didn't participate at all.
Non-institutional investors barely joined in (0.15x). Demand increased slightly from 0.26x the previous day to 0.30x on the final morning.
What does KSH International do?
Commenced operations in Maharashtra in 1981, KSH makes magnet winding wires used by big names like BHEL and Siemens Energy India.
They serve over 100 clients and export to 24 countries—including the US and Germany.
Where will the money go?
Funds raised will help pay off loans, buy new machinery for their plants, install rooftop solar panels, and cover general expenses.
The company has about 157 employees and plans to list on BSE and NSE around December 23.