neutral
Recently
KSH International IPO Subscription at 35%; GMP Flat on Closing Day
KSH International IPO sees only 35% subscription as it closes today, with flat grey market prices.
The KSH International IPO, which closes today, has received lukewarm investor interest, with an overall subscription rate of just 35%. The offering, which includes a fresh issue of ₹420 crore worth of shares and an offer for sale (OFS) worth ₹290 crore, has seen bids for 4.8 million shares against the 13.61 million on offer, as of noon on December 18. Retail investors have shown moderate interest, subscribing to 62% of their allocated portion, while non-institutional investors (NIIs) subscribed to 20%. However, no bids were received from qualified institutional buyers (QIBs).