KSH International IPO Analyzed
KSH International, a company that makes wires for motors, is going to start selling shares to the public on December 23, 2025. The initial public offering (IPO) is worth ₹710 crore. Early signs, from the ‘grey market,’ suggest the shares might not jump in value when they start trading.
Key Points
- IPO worth ₹710 crore planned for December 23, 2025.
- Shares started flat in the grey market – around ₹384.
- Overall subscription was 83%, meaning investors bid for less than offered.
- Qualified Institutional Buyers (QIBs) were the biggest bidders.
- Retail and non-institutional investors showed little interest.
- Funds will be used for debt repayment and new equipment purchases.
The IPO is selling shares in two parts: 10.9 million shares for ₹420 crore and 7.6 million shares for ₹290 crore. The founders, the Hegde family, are selling some of their ownership. The company wants to raise money by selling these shares to the public.
Investors can buy shares between ₹365 and ₹384 per share. The sale will run from December 16th to December 18th, 2025. A company called MUFG Intime India is helping with the sale process, alongside ICICI Securities and Nuvama Wealth Management.
The company plans to use the money it gets from the IPO in a specific way. About ₹226 crore will go towards paying off debts. Also, about ₹102.4 crore will be used to buy new machines and ₹8.8 crore for a solar panel. The rest will be for general business costs.
It’s important to remember that the grey market – where shares trade before they’re officially listed – isn’t always accurate. So, the grey market price doesn’t guarantee the share price will be the same when it’s listed on the stock market.
“A flat grey market prediction doesn’t guarantee a smooth stock market debut.”
