KSH International IPO: Rs 710 Crore Public Offer Subscribed By 14% On Day 1; Latest GMP & Should You Bid?

KSH International IPO: The Rs 710 crore initial public offering (IPO) opened on December 16, bagging subscriptions of just 14% of the total size on its Day 1. The IPO will be available for bidding till December 18. The latest grey market premium (GMP) signals at tepid listing on BSE and NSE, which is likely to be done next week. Should you bid for KSH International IPO before it closes?

KSH International IPO Subscription Status:

As per the NSE data, cumulatively the IPO bagged bids of 1,927,107 equity shares on Day 1, which was a 14% subscription of the total size of 13,616,438 equity shares.

The portion for retail investors subscribed to just 26% of the offered size of 6,808,219 shares. Meanwhile, non-institutional investors (NIIs) bid for just 6% of the reserved size of 2,917,809 equity shares. There were zero bids from qualified institutional buyers (QIBs).

The IPO is 100% book building and is a combination of a fresh issue worth Rs 420 crore and an offer for sale (OFS) worth Rs 290 crore. In total, the IPO size stood at Rs 710 crore.

The price band for the IPO is fixed at Rs 365 to Rs 384 per share. While the bid lot size is 39 shares and multiples thereof.

KSH International IPO GMP:

As per Investor Grain, KSH International IPO last GMP is Rs 6, last updated Dec 16th 2025 09:01 PM. With the price band of 384.00, KSH International IPO's estimated listing price is Rs 390 (cap price + December 16 GMP). The expected percentage gain/loss per share is 1.56%.

KSH International IPO Allotment Date:

After the IPO closes on December 18, the tentative allotment date is likely fixed on December 19. Meanwhile, the IPO can initiate refund or credit shares on December 22.

KSH International IPO Listing Date:

Accordingly, the tentative listing date is Tuesday, December 23, 2025.

Should You Subscribe To the KSH International IPO?

Analysts at Angel One in their IPO note said, "At the upper price band of Rs 384, the IPO values the company at a post-issue P/E of 28.68x, indicating that the issue is fairly priced. However, strong earnings growth, improving return ratios, leadership in the magnet winding wires segment, and favourable demand tailwinds from power, renewables, EVs and industrial applications provide healthy long-term visibility. We therefore recommend a "Subscribe" rating for medium to long-term investors."

The analysts pointed out that KSH International reported strong financial performance, with revenue increasing from Rs 1,382.8 crore in FY24 to Rs 1,928.3 crore in FY25 (+39.4% YoY). EBITDA rose from Rs 71.5 crore to Rs 122.5 crore, with margin expansion to 6.35%, while PAT grew from Rs 37.4 crore to Rs 68.0 crore, translating into a PAT margin of 3.5%. Export revenues stood at Rs 590.4 crore in FY25, accounting for 30.6% of total revenue. The company also delivered healthy return ratios, with ROE of 22.7% and ROCE of 16.6% in FY25, while maintaining a debt-to-equity ratio of 1.17x

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.