KSH International will open its IPO today, December 16 for subscription. The three-day issue will remain open until December 18. With a total issue size of Rs 710 crore and listing planned on both the BSE and the NSE – here are five key aspects investors need to know ahead of the bidding.
KSH International IPO: Timeline and listing plan
The KSH International IPO opens on December 16 and closes on December 18. Based on the tentative schedule, the allotment of shares is expected to be finalised on December 19.
Successful bidders could see the company’s shares make their stock market debut on December 23, on both the BSE and the NSE.
KSH International IPO: Price band and investment
The company has fixed a price band of Rs 365-384 per equity share. Investors applying at the upper end of the band will be paying Rs 384 per share. The lot size has been set at 39 shares, which means a retail investor will need to invest a minimum of Rs 14,976 if applying at the top price.
For non-institutional investors, the ticket size rises sharply, depending on the number of lots applied for.
KSH International IPO: Issue structure and fund-raising mix
KSH International is looking to raise Rs 710 crore through this IPO, which is a mix of fresh issue and offer for sale. Out of the total size, Rs 420 crore will come from the issuance of fresh equity shares, while Rs 290 crore will be raised through the offer-for-sale route by existing shareholders.
Since a portion of the issue is an offer for sale, not all the proceeds will flow into the company. The fresh issue component is expected to support business requirements, while the offer for sale allows current shareholders to pare their holdings.
KSH International IPO: Grey market premium trend
In the unofficial market, KSH International shares are currently trading flat. However, it is important to note that GMP is not an official indicator and fluctuates based on market sentiment.
KSH International IPO: Key players of the issue
The issue is being managed by Nuvama Wealth Management, which is acting as the book-running lead manager.
MUFG Intime India has been appointed as the registrar to the issue and will handle allotment and refund-related processes.