KSH International Lists at 4% Discount to IPO Price on BSE and NSE.
TL;DR
KSH International's shares listed at a 3.6% discount to the IPO price on BSE and NSE, reflecting cautious market sentiment. The IPO saw 83% subscription, primarily from institutional buyers, as the company adjusted its offer-for-sale portion.
KSH International's shares debuted at a 3.6% discount to the IPO price on BSE and NSE, in line with grey market expectations. The company trimmed the offer-for-sale portion while keeping the fresh issue unchanged, underscoring cautious sentiment toward large manufacturing IPOs at current valuations. The IPO was subscribed at 83%, with limited traction outside the qualified institutional buyer segment. KSH International is the third-largest manufacturer and largest exporter of magnet winding wires in India, with a strong client base and export presence.
