Issue size cut as issuer moves to meet minimum public subscription threshold

KSH International revised its IPO size downward to ₹644 crore ahead of its scheduled listing on December 23. The adjustment was made to help achieve the minimum 90 percent subscription requirement under listing norms. The company retained its listing timeline while resizing the offer, with the change reflecting demand conditions observed during the subscription process in the primary market.

The grey market premium for KSH International’s IPO remained flat a day before the company’s shares are scheduled to list on the exchanges. Market participants tracked unofficial trading levels for cues on listing sentiment, with no significant premium or discount observed. The muted GMP suggested stable expectations as investors awaited the stock’s debut following the completion of the public issue process.