KSH International marked its entry into the Indian stock market on December 23, 2025, with a subdued debut on both the BSE and the NSE. The company’s shares opened at ₹370 apiece on the two exchanges, representing a discount of ₹14, or 3.65%, compared with the IPO’s upper price band of ₹384 per share.
Soon after listing, the stock witnessed additional pressure, slipping further during intraday trade. It touched a low of ₹355.65 on the BSE and ₹356.15 on the NSE, reflecting continued weakness following the initial listing.
IPO Subscription and Investor Response
The public issue of KSH International received a relatively soft response from investors. The IPO closed with an overall subscription of approximately 83%, indicating moderate demand in the primary market.
Following the completion of the issue, the company undertook a post-issue adjustment by reducing the offer-for-sale component, while keeping the fresh issue size unchanged. This move came after the IPO concluded its three-day subscription window between December 16 and December 18, 2025.
IPO Structure and Key Details
KSH International had initially planned to raise ₹710 crore through its initial public offering. The issue comprised a fresh issue of ₹420 crore and an offer for sale of ₹290 crore by existing shareholders. The price band for the IPO was set with an upper cap of ₹384 per equity share.
Business Overview
KSH International operates as a manufacturer of magnet winding wires, supplying specialised components used across transformers, motors, generators, and other capital goods applications. The company caters to demand linked to electrification, renewable energy, electric vehicles, and expanding power infrastructure.
Its customer base spans domestic as well as international markets, providing exposure to multiple end-use sectors within the industrial and energy ecosystem.
Market Performance Post Listing
After opening at a discount, KSH International shares continued to trade under pressure, with prices declining further during the trading session. At one point, the stock recorded a fall of over 8% from the IPO’s upper price band, highlighting cautious sentiment among market participants on the listing day.
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Conclusion
The stock market debut of KSH International reflected measured investor interest, with shares listing below the issue price and extending losses during early trade. While the IPO attracted moderate participation, the initial trading performance underscored a cautious response from the market. The company’s future performance on the exchanges is likely to be shaped by broader market conditions and execution across its core industrial segments.
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