Comparison between KSH International IPO and NSDL IPO.
KSH International IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while NSDL IPO is a Mainboard Bookbuilding proposed to list at BSE.
The total issue size of KSH International IPO is up to ₹626.35 Cr whereas the issue size of the NSDL IPO is up to ₹4,010.95 Cr. The final issue price of KSH International IPO is ₹384.00 per share and of NSDL IPO is ₹800.00 per share.
| KSH International IPO | NSDL IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹2 per share |
| Issue Price (Lower) | ₹365.00 per share | ₹760.00 per share |
| Issue Price (Upper) | ₹384.00 per share | ₹800.00 per share |
| Issue Price (Final) | ₹384.00 per share | ₹800.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹76.00 per share | |
| Market Lot Size | 39 shares | 18 shares |
| Fresh Issue Size | 1,09,37,500 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹420.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 53,73,803 shares | 5,01,45,001 shares |
| OFS Issue Size (Amount) | up to ₹206.35 Cr | up to ₹4,010.95 Cr |
| Issue Size Total | 1,63,11,303 shares | 5,01,45,001 shares |
| Issue Size Total (Amount) | up to ₹626.35 Cr | up to ₹4,010.95 Cr |
KSH International IPO opens on Dec 16, 2025, while NSDL IPO opens on Jul 30, 2025. The closing date of KSH International IPO and NSDL IPO is Dec 18, 2025, and Aug 01, 2025, respectively.
| KSH International IPO | NSDL IPO | |
|---|---|---|
| Anchor Bid Date | Dec 15, 2025 | Jul 29, 2025 |
| Issue Open | Dec 16, 2025 | Jul 30, 2025 |
| Issue Close | Dec 18, 2025 | Aug 01, 2025 |
| Basis Of Allotment (Tentative) | Dec 19, 2025 | Aug 04, 2025 |
| Initiation of Refunds (Tentative) | Dec 22, 2025 | Aug 05, 2025 |
| Credit of Share (Tentative) | Dec 22, 2025 | Aug 05, 2025 |
| Listing date (Tentative) | Dec 23, 2025 | Aug 06, 2025 |
| Anchor Lockin End date 1 | Jan 17, 2026 | Sep 02, 2025 |
| Anchor Lockin End date 2 | Mar 18, 2026 | Nov 01, 2025 |
KSH International IPO P/E ratio is 32.09, as compared to NSDL IPO P/E ratio of 46.63.
| KSH International IPO | NSDL IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)KSH International Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 82% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)National Securities Depository Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 98.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 32.09 | 46.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2601.82 Cr. | ₹16000.00 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 22.77 | 17.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.60 | 22.7% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.97 | ₹17.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.77 | 17.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the KSH International IPO Retail Individual Investors (RII) are offered 58,73,876 shares while in NSDL IPO retail investors are offered 58,73,876 shares. Qualified Institutional Buyers (QIB) are offered 28,44,375 shares in KSH International IPO and 1,00,12,000 shares in NSDL IPO.
| KSH International IPO | NSDL IPO | |
|---|---|---|
| Anchor Investor Reservation | 55,46,874 shares | 1,50,17,999 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 28,44,375 shares | 1,00,12,000 shares |
| NII | 25,17,376 shares | 75,09,001 shares |
| RII | 58,73,876 shares | 1,75,21,001 shares |
| Employee | 0 shares | 85,000 shares |
| Others | ||
| Total | 1,67,82,501 shares | 5,01,45,001 shares |
KSH International IPO subscribed 0.87x in total, whereas NSDL IPO subscribed 41.02x.
| KSH International IPO | NSDL IPO | |
|---|---|---|
| QIB (times) | 1.12x | 103.97x |
| NII (times) | 0.44x | 34.98x |
| Big NII (times) | 0.26x | 37.73x |
| Small NII (times) | 0.80x | 29.47x |
| RII (times) | 0.91x | 7.76x |
| Employee (times) | 15.39x | |
| Other (times) | ||
| Total (times) | 0.87x | 41.02x |
