KSH International IPO Allotment Finalised? GMP Remains At Zero; Here's How To Check Allotment Status

KSH International IPO Allotment Date, Listing Date, Latest GMP:

The allotment of the KSH International IPO, which closed on Thursday with a strong 0.87x subscription, is scheduled to be finalised today, December 19. Investors will receive a bank debit or an unblock message once the allotment is finalised in the evening. They can also check the allotment status on the websites of the BSE, the NSE, and registrar MUFG Intime India Pvt Ltd.

The KSH International IPO received a whopping 0.87x subscription, garnering bids for 1,12,35,627 shares as against the 1,29,42,710 shares on offer. Its retail category got a 0.91x subscription, while its non-institutional investor (NII) quota got a 0.44x subscription. The QIB category received a 1.12x subscription.

KSH International IPO GMP Today

According to market observers, unlisted shares of KSH International Ltd are currently trading at Rs 384 apiece in the grey market, against the upper IPO price of Rs 384. It means zero grey market premium (GMP), indicating flat or negative listing. Its listing will take place on December 23.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

KSH International IPO Allotment Today: A Step-By-Step Guide To Check Status Online

The KSH International IPO allotment is expected to be finalised today, December 19, in the evening. The allotment status can be checked online by following these steps:

1) Visit registrar MUFG Intime India’s portal – https://in.mpms.mufg.com/Initial_Offer/public-issues.html.

2) Under ‘Select Company’, select ‘KSH International Ltd’ from the drop box.

3) Enter your application number, demat account, or permanent account number (PAN).

5) Then, click on the ‘Submit’ button.

Your share application status will appear on your screen.

Via the BSE

1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.

2) Under ‘Issue Type’, select ‘Equity’.

3) Under ‘Issue Name’, select ‘KSH International Ltd’ in the drop box.

4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.

5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.

Your share application status will appear on your screen.

Via NSE’s Website

The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.

KSH International IPO: More Details

The IPO is a combination of fresh issue of shares worth Rs 420 crore and an offer-for-sale of stocks valued at Rs 290 crore by promoters.

Proceeds from the fresh issue will be used for payment of debt, setting up of new machinery for expansion at its Supa facility and purchasing and setting up of new machinery at Chakan, Pune in Maharashtra.

A portion of funds will also be used for setting up a rooftop solar plant for power generation at its Supa facility, and for general corporate purposes.

KSH International, part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and in the last four decades, it has diversified its operations to manufacturing various types of standard and specialised magnet winding wires.

It markets and sells its products through its brand ‘KSH’.

The company has 117 customers, including the likes of Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd, Georgia Transformer Corporation, Hitachi Energy India, and Siemens Energy India.

Also, KSH International has a significant global footprint, and exports its products to 24 countries, including the USA, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan, as of December 31, 2024.