KSH International IPO
KSH International Limited (KSHINTL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 December 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -5.7% (likely range -14% to +2%), day's high 0.0%, chance of a gain 33%. Actual: -3.6% at the open, -3.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 38,90,410 | 41,41,956 | 1.06x | |
| NII (HNI) total | 29,17,809 | 12,15,240 | 0.42x | |
| Big NII (above ₹10 lakh) | 19,45,206 | 4,73,460 | 0.24x | |
| Small NII (₹2-10 lakh) | 9,72,603 | 7,41,780 | 0.76x | |
| Retail | 68,08,219 | 58,78,431 | 0.86x | |
| Total | 1,36,16,438 | 1,12,35,627 | 0.83x |
Bids on NSE and BSE together, as published by NSE, as of 18 Dec 2025, 07:00 PM. Shares offered exclude the anchor portion. 45% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to KSH International's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Star Health and Allied Insurance CompanyDec 2021 | 1.03x | 0.19x | 1.10x | 0.79x | — | -6.1% | +4.4% |
| Popular Vehicles and ServicesMar 2024 | 1.97x | 0.66x | 1.05x | 1.23x | ₹601 Cr | -2.0% | -2.0% |
| Mishra Dhatu NigamMar 2018 | 1.96x | 0.12x | 0.72x | 1.21x | ₹755 Cr | -3.3% | +1.1% |
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Garden Reach Shipbuilders & EngineersOct 2018 | 1.81x | 0.31x | 0.24x | 1.02x | ₹598 Cr | -13.1% | -7.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the KSH International IPO price band and lot size? ₹365–384 per share, with a lot of 39 shares, so the smallest retail bid is ₹14,976.
How many times has it been subscribed? 0.83x overall: QIB 1.06x, NII 0.42x, retail 0.86x.
How did it list? It opened at ₹370, -3.6% against the issue price of ₹384, and closed its first day -7.5%.
