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KSH International IPO Closes 83% Subscribed as QIBs Fully Book, Retail and HNI Bids Trail

The shortfall below the customary 90% threshold puts the offer at risk of withdrawal unless final checks or underwriting interventions bridge the gap.

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Incorporated in 1979, Pune-based KSH International is the third-largest manufacturer and the largest exporter of magnet winding wires in India.

Overview

  • Final day bids totaled 1,12,35,627 shares against 1,36,16,438 on offer, translating to 83% overall subscription, according to NSE data.
  • Investor mix showed Qualified Institutional Buyers at 1.06 times, with retail at 86% and non‑institutional investors at 42%.
  • The grey market premium fell to zero, signaling expectations of a flat debut in the unofficial market.
  • The Rs 710 crore issue carries a Rs 365–384 price band, comprising a Rs 420 crore fresh issue and a Rs 290 crore offer for sale, after raising Rs 213 crore from 13 anchors at Rs 384.
  • Allotment is slated for Dec 19 with credit/refunds on Dec 22 and a planned BSE/NSE listing on Dec 23, contingent on meeting the minimum subscription requirement.