KSH International’s IPO , which opened on December 16, 2025, has been subscribed to 22% by the second day of bidding, with retail investors showing the highest demand, subscribing 39%. The IPO, which has a price band of ₹365 to ₹384 per share, is offering a fresh issue of ₹420 crore and an offer for sale of ₹290 crore. However, the grey market premium (GMP) is indicating a muted listing gain.