KSH International IPO Subscribed 15% on Day 1: Analysts Say 'Subscribe' Despite Flat GMP!

• KSH International's Rs 710 crore IPO saw 15% subscription on Day 1, with retail investors booking 27% of their reserved portion.
• Despite a flat Grey Market Premium (GMP) indicating a muted listing, analysts from Bonanza, Angel One, and Master Capital Services recommend 'Subscribe'.
• The company raised Rs 213 crore from 10 anchor investors, including Kotak Mahindra AMC and HDFC AMC, a day before the IPO opened.
• Proceeds will fund debt repayment, a rooftop solar plant at Supa, and expansion at Supa and Chakan facilities.
• Analysts cite strong financials, leadership in magnet winding wires, and alignment with India's EV and renewable energy growth as key positives.

Why It Matters: KSH International IPO sees moderate Day 1 subscription, but analysts strongly recommend 'Subscribe' for long-term growth.