KSH International IPO Closes Today: Low Subscription, Zero GMP Signals Flat Listing

• KSH International IPO closes today, December 18, with a price band of Rs 365-384 per share.
• The Rs 710-crore IPO saw only 0.40x overall subscription by 11:40 am on its final day.
• Retail category subscribed 0.64x, while non-institutional investors (NII) subscribed 0.19x.
• Grey Market Premium (GMP) is at zero, indicating a potential flat or negative listing.
• Proceeds will fund debt repayment, expansion, new machinery, and a solar plant.

Why It Matters: KSH International IPO closes with low subscription and zero GMP, suggesting a challenging market debut.