New Delhi, Dec. 16 -- The initial public offering (IPO) of KSH International, a leading manufacturer of magnet winding wires, kicked off on Tuesday, December 16, garnering a tepid response from investors on the first day of the bidding period.

KSH International IPO will remain open for subscription till Thursday, December 18, allowing ample opportunity to investors to place bids.

KSH International IPO was subscribed 15% on the first day as it garnered bids for 19,95,084 shares as against 1,36,16,438 shares on offer.

The retail portion of the IPO was subscribed 0.27 times, the non-institutional investor (NII) portion 0.06 times, while the qualified institutional buyer (QIB) portion did not see any bids yet.

The grey market premium rema...