Why did KSH International shares list at a discount?

KSH International shares listed at a discount due to muted investor sentiment and concerns over the IPO's valuation, despite the company's strong fundamentals.

What was the subscription rate for KSH International's IPO?

KSH International's IPO was undersubscribed, achieving a total subscription rate of approximately 83%, with particularly low interest from retail investors.

Did KSH International adjust its IPO size?

Yes, KSH International reduced its Offer for Sale (OFS) size post-issue to Rs 224.4 crore from Rs 290 crore to ensure smoother allotment.

Home / Business and Economy / KSH International IPO Struggles: Muted Debut Despite Solid Fundamentals

KSH International IPO Struggles: Muted Debut Despite Solid Fundamentals

23 Dec, 2025

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Summary

KSH International shares debuted nearly 4% below IPO price.
The IPO saw only 83% subscription, with low retail interest.
Company adjusted OFS size post-issue to support allotment.

KSH International IPO Struggles: Muted Debut Despite Solid Fundamentals

KSH International shares commenced trading on December 23, 2025, at a discount of nearly 4% to their Initial Public Offering (IPO) price, opening at Rs 370 on both BSE and NSE. This muted listing followed an IPO that achieved only 83% subscription, reflecting investor caution regarding valuations despite the company's established market position and operational history.

In an unusual post-listing maneuver, KSH International reduced its Offer for Sale (OFS) component from Rs 290 crore to Rs 224.4 crore while keeping the fresh issue of Rs 420 crore unchanged. This adjustment brought the total IPO size down to Rs 644.4 crore from the originally planned Rs 710 crore, aiming to improve allotment dynamics and post-listing performance.