The final bell is ringing for investors looking to subscribe to the KSH International initial public offering (IPO). The public issue, which opened for subscription on December 16, will close today, December 18, 2025. The road to the market close has been challenging, with the issue witnessing weak demand and subscribing just 0.28 times by the end of the second day.
IPO Details and Fund Utilization
KSH International has set its IPO price band at ₹365 to ₹384 per share. Through this public offering, the company aims to raise a total of ₹710 crore. The issue comprises two parts: a fresh issue of 1.09 crore shares worth ₹420 crore and an offer for sale of 0.76 crore shares amounting to ₹290 crore.
The capital raised from the fresh issue is earmarked for specific growth and operational purposes. The company plans to use the proceeds for:
- Repayment of existing debt.
- Installation of new machinery for capacity expansion at its Supa facility.
- Procurement and setup of additional machinery at its Chakan unit in Pune.
- Installation of a rooftop solar power plant at the Supa location.
- General corporate purposes.
For retail individual investors, the lot size is set at 39 shares. This translates to a minimum investment of approximately ₹14,976 at the upper end of the price band (₹384 per share).
Critical Dates and Market Sentiment
The IPO process is moving swiftly post-closure. The allotment of shares is likely to be finalised tomorrow, on December 19, 2025. Successful applicants can expect to see the shares credited to their demat accounts by Monday, December 22. On the same day, refunds will be initiated for those who did not receive an allotment.
The company’s equity shares are scheduled to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, December 23, 2025.
Grey Market Premium Indicates Subdued Debut
Market sentiment surrounding the KSH International IPO remains lukewarm. A key indicator, the grey market premium (GMP), which reflects the premium investors are willing to pay over the issue price in unofficial trading, stands at ₹0 as of December 18. This suggests a lack of significant premium demand and indicates that the stock may list at or around its issue price of ₹384, pointing towards a flat debut on the listing day.
The tepid subscription response and the nil GMP highlight the cautious approach investors are taking towards this particular public offering in the current market environment.
