IPO
Magnetic winding wires maker KSH International’s Rs.710-Cr IPO closes with 83% subscription
The initial public offering (IPO) of Pune-based KSH International closed without being fully subscribed on its third and final day of public bidding on December 18. The INR 710-crore maiden issue of the company has been subscribed 83%.The IPO received bids for over 1.12 crore shares, as against an offer size of 1.36 crore shares. Retail investors have subscribed 86% of their reserved portion, while Non-Institutional Investors (NII) have booked 42% of their allotted quota. Qualified Institutional Buyers (QIB) subscribed 106% of their reserved portion.The IPO included a fresh issue of shares worth INR 420 crore and an offer for sale (OFS) of shares worth INR 290 crore at a price band of INR 365-384 per share. Earlier, the firm mobilised INR 213 crore from 10 anchor investors.
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