What is the subscription status of the KSH International IPO on day 1?

The KSH International IPO was subscribed 15% on its first day of bidding.

Who were the anchor investors in the KSH International IPO?

Anchor investors included HSBC Global Investment Funds, Societe Generale, Kotak Mahindra Life Insurance, and others, who invested ₹213 crore.

When will KSH International shares be listed on the stock exchange?

KSH International shares are expected to be listed on the BSE and NSE on December 23.

Home / Business and Economy / KSH International IPO Subscribed 15% on Day 1; Anchor Book Strong

KSH International IPO Subscribed 15% on Day 1; Anchor Book Strong

16 Dec

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Summary

KSH International IPO saw 15% subscription on its first day.
The company aims to fund debt repayment and expansion through the IPO.
Anchor investors, including major funds, invested ₹213 crore.

KSH International, a notable manufacturer of magnet winding wires, initiated its Initial Public Offering (IPO) on December 16, with a subscription rate of 15% by the end of the first day. The bidding period is scheduled to conclude on December 18, providing investors additional opportunities to participate. Notably, the company secured ₹213 crore from anchor investors, including prominent entities like HSBC Global Investment Funds and HDFC Mutual Fund, before the public sale.

The generated funds are earmarked for crucial corporate objectives. These include servicing outstanding debt, enhancing machinery at its Supa and Chakan manufacturing units, and installing a rooftop solar power system at the Supa facility. KSH International, established in 1981, boasts a diverse clientele of 117 customers, including major players like BHEL and Siemens Energy India, and also engages in exports to 24 countries.