KSH International Shares Debut Weak, Close Nearly 8% Below IPO Price Of ₹384
KSH International Ltd made its stock market debut on Tuesday with a weak start. The company’s shares opened at Rs 370, a drop of 3.64 per cent from the issue price of Rs 384. By the end of trading, the stock had fallen further on both the BSE and NSE.
The firm’s initial public offering (IPO) had set a price band of Rs 365–384 per share. Before listing, the IPO’s offer-for-sale portion was reduced to Rs 224.4 crore from Rs 290 crore, while the fresh issue remained at Rs 420 crore. This brought the total IPO size down to Rs 644.4 crore.
On the NSE, shares closed at Rs 355, a decline of 7.55 per cent from the issue price. At the BSE, the stock hit a low of Rs 350.05 during the day before settling at Rs 354.55, down 7.66 per cent. The company’s market valuation after listing stood at Rs 2,402.28 crore. Founded in 1981, KSH International began by producing magnet winding wires in Raigad, Maharashtra. Over time, it expanded into manufacturing standard and specialised magnet wires. The company now serves 117 customers, including Bharat Bijlee, Bharat Heavy Electricals Ltd, Hitachi Energy India, Siemens Energy India, and international firms like Virginia Transformer Corporation and Georgia Transformer Corporation.
The stock’s first-day performance saw a notable drop from its issue price. With a market valuation of over Rs 2,400 crore, the company now trades below its IPO range. Investors will watch how the share price moves in the coming sessions.
