KSH International share highlights: Stock closes 5% below listing price after discounted opening

After a discounted listing at ₹370 apiece on the BSE and the NSE, went further sourthward and closed at ₹350.85 on the NSE and at ₹354.55 on the BSE.

The issue closed with an overall subscription of about 83%. In a rare post-issue move, the company reduced the OFS portion while leaving the fresh issue size intact.

"The company benefits from demand tied to electrification, renewable energy, EVs and power infrastructure growth, with a diversified customer base across India and global markets. A significant portion of the IPO funds was earmarked for repayment of debt, intended to strengthen the balance sheet. Other proceeds were planned for capex, including new machinery and facility expansion, alongside general corporate purposes," said Shivani Nyati, Head of Wealth at Swastika Investmart.

After listing at around 3.65% discount on the BSE and the NSE, KSH International share price nosedived further and touched an intraday low of ₹350.95 per share on the BSE and ₹351.10 apiece on the NSE, recording over 8% dip against the upper price band of the public offer.

“KSH International operates as a manufacturer of magnet winding wires, supplying specialized components used in transformers, motors, generators and other capital goods. The company benefits from demand tied to electrification, renewable energy, EVs and power infrastructure growth, with a diversified customer base across India and global markets”, said Shivani Nyati, Head of Wealth at Swastika Investmart.

“The subdued listing performance reflects mixed investor interest, likely influenced by tepid public subscription, limited grey market premium, and neutral to cautious analyst outlooks on near-term gains. Short-term investors and traders can exit the position and long-term investors hold the issue with the stop loss of ₹350,” said Shivani Nyati, Head of Wealth at Swastika Investmart

The issue closed with an overall subscription of about 83%. In a rare post-issue move, the company reduced the OFS portion while leaving the fresh issue size intact.

KSH International IPO was open for subscription from December 16 to December 18, was initially pegged at ₹710 crore, comprising a fresh issue of ₹420 crore and an offer for sale of ₹290 crore by existing shareholders.

After a discounted listing, newly listed stock slid further and touched an intraday low of ₹355.65 per share on the BSE and ₹356.15 per share on the NSE.

KSH International share price opened at ₹370 apiece on the BSE and the NSE, ₹14 or 3.65% below the upper price band of ₹384 per equity share.

“The public issue received tepid response from the primary market investors as the issue was slightly overpriced,” said Avinash Gorakshkar, a SEBI-registered fundamental equity analyst.

According to market observers, KSH International shares may list at ₹382 apiece.