The initial public offering (IPO) of KSH International has witnessed a lukewarm reception from the investing public as it entered its second day of subscription. The issue, which opened for bidding on Tuesday, December 16, has been subscribed only 15% so far. Investors have until Thursday, December 18, to consider participating in this mainboard public offering.
A Tepid Start for the Public Issue
Despite securing strong backing from institutional investors prior to the opening, the public segment's response has been muted. The company successfully raised ₹213 crore from anchor investors in a pre-IPO placement. This round saw participation from major global and domestic funds, including HSBC Global Investment Funds, Société Générale, Kotak Mahindra Life Insurance, and HDFC Mutual Fund. Other notable anchor investors were Edelweiss Life Insurance, Kotak MF, LIC MF, and Bank of Baroda MF.
Company Background and Global Reach
KSH International, established in 1981, has built its brand over four decades of operation. The company has developed significant market recognition and serves a portfolio of marquee clients. A key aspect of its business is a substantial export footprint, with its products reaching customers in 24 countries worldwide.
Key Details for Investors
As the IPO bidding enters its final phase, retail and institutional investors are closely evaluating the offer. The current subscription level of approximately 15% indicates cautious market sentiment. Potential subscribers should note the following critical points:
- IPO Closing Date: Thursday, December 18.
- Anchor Investment: ₹213 crore raised prior to public opening.
- Company Legacy: Over 40 years in operation with an established brand.
- Global Business: Significant export operations spanning two dozen countries.
The Grey Market Premium (GMP), a key indicator of unofficial market sentiment, along with the final subscription figures, will be crucial for last-minute application decisions.
Disclaimer: This news article is for informational and educational purposes only. The views and recommendations mentioned are those of individual analysts or broking firms. Readers are strongly advised to consult with SEBI-certified investment experts before making any financial decisions.
