The KSH International share price made a subdued entry into the stock market today, starting its listed journey on a cautious note. The stock opened below its issue price, reflecting muted sentiment on debut despite steady participation during the IPO process.
For investors tracking fresh listings, KSH International’s first day offered a clear signal of how the market digests new supply when broader risk appetite stays selective.
Market Performance: Weak Listing Marks Day-One Trade
KSH International shares listed on Tuesday, December 23, at a discount to the issue price.
Key listing details:
- IPO price: ₹384
- Listing price: ₹370
- Listing discount: Around 4%
- Exchange: NSE and BSE
The debut was broadly in line with market expectations, with the stock opening lower and showing no sharp price discovery in early trade.
Main News: What Defined the Listing Day?
The listing of KSH International reflected a cautious mood rather than aggressive selling. The stock opened flat-to-weak and stayed close to its opening levels, suggesting balanced participation between buyers and sellers.
The debut came after a relatively modest IPO response, where demand stayed below full subscription until post-issue adjustments were made.
KSH International IPO: Key Issue Details
KSH International’s public issue was open for subscription from December 16 to December 18.
IPO structure:
- Total issue size: ₹710 crore
- Fresh issue: ₹420 crore
- Offer for sale (OFS): ₹290 crore (initially)
- Overall subscription: About 83% before revision
Following the initial subscription shortfall, the company made a post-issue adjustment to meet regulatory requirements.
Post-Issue Revision Helped Cross Subscription Threshold
To ensure compliance, KSH International revised its IPO structure.
What changed:
- OFS reduced to ₹224.4 crore from ₹290 crore
- Fresh issue size retained at ₹420 crore
- Subscription crossed the 90% mark after the revision
This adjustment allowed the issue to proceed without changes to the price band or withdrawal of the IPO.
Use of IPO Proceeds: Where the Money Goes?
The company has clearly outlined the deployment of funds from the fresh issue.
Planned use of net proceeds:
- ₹226 crore for repayment of debt
- ₹87 crore for purchase and installation of new machinery at the Supa facility and Unit 2 in Chakan
- ₹8.8 crore for setting up a rooftop solar power plant at the Supa facility
These allocations focus on balance sheet strengthening, capacity expansion, and operational efficiency.
Company Details: About KSH International
KSH International is a Pune-based company, operating in the manufacturing space with a focus on capacity-led growth.
Operational footprint includes:
- Supa manufacturing facility
- Unit 2 at Chakan
The expansion plans tied to the IPO proceeds aim to support production scale-up and infrastructure enhancement across these locations.
Issue Management Details
- Book running lead manager: Nuvama Wealth Management Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
Summary: KSH International Share Price on Day One
- KSH International shares listed at ₹370, a 4% discount to the IPO price
- The IPO saw 83% subscription before post-issue revisions
- OFS size was reduced to meet regulatory thresholds
- Fresh issue proceeds are allocated toward debt reduction, machinery, and solar power installation
The debut of KSH International share price in the stock market today highlights cautious investor sentiment toward new listings, even as companies move forward with clearly defined capital deployment plans.
Source: Livemint
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