KSH International Cuts IPO Size to Rs 644 Cr for 90% Subscription, Lists Dec 23

• KSH International reduced its IPO size from Rs 710 crore to Rs 644.4 crore to meet SEBI's minimum 90% subscription requirement.
• The IPO, which closed with 83% overall subscription, will now list as scheduled on December 23.
• The company opted to reduce the Offer-for-Sale (OFS) component from Rs 290 crore to Rs 224.4 crore, keeping the fresh issue at Rs 420 crore.
• Funds will be used for debt repayment (Rs 226 cr), new machinery (Rs 87 cr), solar plant (Rs 8.8 cr), and general corporate purposes.
• KSH International is India's third-largest magnet winding wire manufacturer and largest exporter.

Why It Matters: KSH International revised its IPO size to ensure 90% subscription, securing its December 23 listing.