Overview
- Shares listed on the BSE and NSE at Rs 370 versus the Rs 384 issue price, a 3.6% discount.
- The stock touched an intraday low of Rs 350.05 on the BSE and ended around Rs 355, down about 7.6% from the issue price.
- The IPO drew overall bids of about 0.87 times, with retail at 0.91x, QIBs at 1.12x and NIIs at 0.44x.
- The offer size was revised to roughly Rs 644.45 crore, comprising a Rs 420 crore fresh issue and a Rs 224.45 crore offer for sale; Nuvama was the book-running lead manager and MUFG Intime the registrar.
- KSH International, a leading exporter of magnet winding wires, supplies OEMs across power, renewables, railways and automotive sectors and operates multiple plants in Maharashtra with exports to 24 countries.