KSH International Share Price Slumps 8% After a Discounted Listing: Matching with Last GMP

Shares of KSH International made a weak debut on Dalal Street on Tuesday, December 23, slipping sharply on the first day of listing. The KSH International share price opened at a discount on both the BSE and NSE, reflecting muted investor sentiment towards the IPO. The stock listed at Rs. 370 per share, which was Rs. 14 or 3.65% below the upper issue price of Rs. 384.

KSH International Share Price Today

After a discounted opening, selling pressure intensified through the session. The KSH International share price today fell further to an intraday low of Rs. 355.65 on the BSE and Rs. 356.15 on the NSE, marking a decline of nearly 8% from the IPO price. At around 3 pm, the stock was trading at Rs. 357.50 on the NSE and Rs. 357.10 on the BSE, down nearly 7%, extending losses on listing day.

KSH International IPO GMP Signals Weak Debut

Ahead of listing, the KSH International IPO GMP had already indicated a soft debut. The last grey market premium stood at a discount of Rs. 2. Based on the GMP, the expected listing loss was around 0.52%, and the actual market performance closely matched these expectations, with the stock slipping further post listing.

KSH International IPO Subscription Status

Investor demand for the KSH International IPO remained subdued during the bidding period. The public issue was subscribed only 0.87 times overall, signalling weak appetite. The retail investor portion was subscribed 0.91 times, while QIBs (excluding anchors) subscribed 1.12 times. The NII segment saw the weakest response, with subscriptions at just 0.44 times by the end of Day 3 on December 18.

KSH International IPO Details and Structure

The KSH International IPO was a book-built issue worth Rs. 626.35 crore, comprising both a fresh issue and an offer for sale. The fresh issue consisted of 1.05 crore shares, raising Rs. 401.91 crore, while the offer for sale included 0.58 crore shares, aggregating to Rs. 224.45 crore. The IPO price band was fixed at Rs. 384 per share, and the stock was officially listed on the BSE and NSE on December 23.