KSH International's IPO Struggles: Stock Falls Nearly 8%

KSH International Ltd, a manufacturer of magnet winding wires, saw its stock close nearly 8% below its issue price on its IPO day. Initially priced between Rs 365-384, the stock opened at Rs 370 and ended at Rs 354.55 on BSE. The total IPO size was revised to Rs 644.4 crore.

The debut of KSH International Ltd, a key player in the magnet winding wires industry, witnessed a challenging start as its stock closed nearly 8% below the offer price.

On both the BSE and NSE, the stock began trading at Rs 370, marking a 3.64% drop from its initial Rs 384 offer.

The firm, whose IPO offering had been revised to Rs 644.4 crore from Rs 710 crore, closed at Rs 354.55 on BSE, remaining a notable 7.66% under its issue value.

(With inputs from agencies.)