KSH International IPO: Complete Investment Guide for December 2025

KSH International Limited, India's third-largest manufacturer of magnet winding wires, is launching its Initial Public Offering (IPO) on December 16-18, 2025. With a total issue size of ₹710 crores, this book-building IPO offers both fresh capital (₹420 crores) and offer for sale (₹290 crores) components. The company has demonstrated exceptional financial performance with 39% revenue growth and 82% profit growth, making it an attractive opportunity for retail investors seeking exposure to India's electrical equipment manufacturing sector. This comprehensive guide covers everything you need to know about applying for the KSH International IPO, understanding the company's business fundamentals, and evaluating the investment opportunity.

Understanding KSH International IPO: Key Details & Timeline

What is KSH International IPO?

KSH International Limited is a mainboard IPO offering 1,84,89,583 equity shares of ₹5 face value, aggregating to ₹710 crores. The issue represents a combination of fresh capital and offer for sale, allowing the company to raise funds for expansion while enabling existing shareholders to liquidate part of their holdings. Founded in 1979 (though registered in 1981), the company has evolved into a leading exporter of magnet winding wires to over 24 countries, including the USA, Germany, UAE, and Japan.

The KSH International IPO is structured as a book-building issue, meaning investors place bids within a specified price band rather than receiving a fixed price. This mechanism ensures price discovery based on actual market demand and allows for fair valuation of the company's shares. The price band has been set at ₹365 to ₹384 per share, with a minimum lot size of 39 shares for retail investors.

KSH International IPO Timeline 

Timing is crucial for IPO investors. Understanding the complete timeline ensures you don't miss any important deadlines:

• IPO Open Date: Tuesday, December 16, 2025
• IPO Close Date: Thursday, December 18, 2025
• Cut-off Time for UPI Mandate: 5 PM on December 18, 2025
• Tentative Allotment Date: Friday, December 19, 2025
• Initiation of Refunds: Monday, December 22, 2025
• Credit to Demat Account: Monday, December 22, 2025
• Tentative Listing Date: Tuesday, December 23, 2025
• Listing at: BSE, NSE

This accelerated timeline means successful investors will see shares credited to their Demat accounts within just six days of application closure. The listing on both BSE and NSE within one week indicates the company's readiness to begin public trading and provides investors with immediate liquidity options.

KSH International IPO Price Band & Lot Size Explained

Price Band and Investment Amount

The KSH International IPO price band of ₹365 to ₹384 per share establishes the range within which investors can place their bids during the subscription period. Understanding how the price band works is essential for making informed investment decisions:

• Floor Price (Lower Band): ₹365 per share
• Cap Price (Upper Band): ₹384 per share
• Price Range: ₹19 variation between floor and cap
• Lot Size: 39 shares (minimum subscription unit)

Investors can bid for any price within this band, and the final issue price (cut-off price) will be determined after the bidding period closes based on the demand observed. This price discovery mechanism ensures that the final price reflects true market sentiment and demand from various investor categories.

KSH International IPO Lot Size & Minimum Investment

The lot size structure differs significantly based on investor categories, and understanding these distinctions helps determine your investment eligibility:

Retail Investor Category

Minimum Investment (Retail):

• Lot Size: 1 lot
• Shares: 39 shares
• Amount Required: ₹14,976 (based on upper price band of ₹384)

Maximum Investment (Retail):

• Lot Size: 13 lots
• Shares: 507 shares
• Amount Required: ₹1,94,688

Retail investors, typically defined as those with investment amounts up to ₹2 lakhs, have a maximum of 13 lots available. This structure ensures broad participation from small retail investors while maintaining a cap to prevent concentration of shares among a few large retail applicants.

Small Non-Institutional Investors (sNII/HNI)

Minimum Investment:

• Lot Size: 14 lots
• Shares: 546 shares
• Amount Required: ₹2,09,664

Maximum Investment:

• Lot Size: 66 lots
• Shares: 2,574 shares
• Amount Required: ₹9,88,416

High Net Worth Individuals (HNIs) and Non-Institutional Investors must invest in larger lot sizes. The sNII category is designed for investors with application amounts between ₹2 lakhs and ₹10 lakhs.

Big Non-Institutional Investors (bNII)

Minimum Investment:

• Lot Size: 67 lots
• Shares: 2,613 shares
• Amount Required: ₹10,03,392

The bNII category caters to investors with applications exceeding ₹10 lakhs, representing sophisticated investors who can deploy larger capital amounts.

KSH International IPO Issue Structure: Fresh Issue vs. Offer for Sale

Fresh Issue Component (₹420 Crores)

The fresh issue component comprises 1,09,37,500 shares aggregating ₹420 crores. These are new shares being issued by KSH International for the first time, and the proceeds go directly to the company. Understanding the fresh issue is crucial because:

• Capital Inflow: All ₹420 crores received by the company strengthens its balance sheet
• Equity Dilution: Existing shareholders' ownership percentage decreases as new shares are added
• Purpose: Fresh capital is allocated for business expansion, debt repayment, machinery purchase, and solar power plant setup

The fresh issue allows KSH International to capitalize on market opportunities and fund its growth initiatives without relying solely on internal accruals or external debt.

Offer for Sale (OFS) Component (₹290 Crores)

The offer for sale component involves 75,52,083 existing shares being sold by current shareholders, aggregating ₹290 crores. Key characteristics include:

• Shareholder Exit: Allows existing promoters and investors to liquidate part of their holdings
• No Capital to Company: All proceeds go directly to selling shareholders, not the company
• No Equity Dilution: No new shares are created; ownership is simply transferred
• Promoter Lock-in Reduction: Post-IPO promoter holding reduces from 98.40% to enable public participation

The OFS component demonstrates promoter confidence in the company's future prospects while providing them with liquidity to diversify their personal investment portfolios.

Combined Capital Structure Impact

The combined ₹710 crore IPO (₹420 crore fresh + ₹290 crore OFS) results in:

• Pre-IPO Shareholding: 5,68,18,200 shares
• Post-IPO Shareholding: 6,77,55,700 shares
• Shareholding Increase: 1,09,37,500 new shares (19.2% increase)

This structure allows the company to raise necessary capital while enabling existing shareholders to rebalance their portfolios.

How to Apply for KSH International IPO: Step-by-Step Guide

Prerequisites for IPO Application

Before you can apply for the KSH International IPO, ensure you have these essential documents and accounts:

Required Accounts:

1. Demat Account - Electronic account for holding securities (mandatory for all investors)
2. Trading Account - With an authorized stockbroker for placing bids
3. Bank Account - Linked for ASBA or UPI mandate purposes

How to Apply for KSH International IPO Using IPO Ji

For IPO Ji users, the application process is designed to be simple, guided and beginner‑friendly:

Search and open the IPO page

Visit IPO Ji, go to the "Upcoming Mainboard IPOs" section, and open the "KSH International IPO" detail page.

Review key highlights: issue size (₹710 crores), price band (₹365 to ₹384 per share), lot size (39 shares), risk summary, GMP (if available), and live subscription numbers for QIB, NII and Retail.

Login and verify your details

Sign in with your registered mobile/email.

Ensure your PAN, linked Demat (NSDL/CDSL) and UPI ID are correctly saved as per SEBI rules for UPI‑based applications.

Select category and bidding details

Choose your category: Retail, sNII or bNII, as applicable.

Enter the number of lots you wish to apply for (minimum 1 lot = 39 shares for retail investors, requiring a minimum investment of ₹14,976 at the upper price band).

Retail investors typically select the "Cut‑off" option to improve their chances of allotment.

Confirm and approve UPI mandate

Click "Apply" on IPO Ji; a UPI mandate will be sent to your UPI app for the total application amount.

Approve the mandate before 5 PM on December 18, 2025; otherwise, your application will be rejected by the exchange.

Track allotment & listing on IPO Ji

On December 19, 2025, check your allotment status through IPO Ji or the registrar MUFG Intime India Pvt. Ltd. using your PAN and DP details.

On December 22, 2025, verify that allotted shares are credited to your Demat account.

On December 23, 2025, follow the listing price when KSH International begins trading on BSE and NSE.

Method 2: Applying Through Online Trading Account (UPI Method)

The UPI method has become the most popular for retail investors due to its simplicity and zero brokerage charges. Here's the step-by-step process:

Step 1: Login to Your Trading Account

• Open your broker's trading platform (e.g., Zerodha Kite, Upstox, Angel One)
• Enter your login credentials
• Navigate to the IPO section

Step 2: Select the IPO

• Click on "Bids" or "IPO" section
• Find "KSH International" from the list of active IPOs
• Review the IPO details including price band and dates

Step 3: Enter IPO Details

• Click "Apply" to start your IPO application
• Select your investor category (Retail, HNI, etc.)
• Enter your UPI ID (must be linked to your personal bank account)
• Ensure the UPI ID belongs to your own account only

Step 4: Specify Bid Quantity and Price

• Enter the number of lots you wish to apply for
• Specify your bid price within the price band (₹365-₹384)
• Ensure your quantity is a multiple of the lot size (39 shares)
• Verify the total application amount

Step 5: Accept UPI Mandate

• Review all details carefully
• Click "Submit" to place your bid
• You'll receive a UPI payment request on your phone
• Approve the mandate on your UPI app within the cut-off time (5 PM, December 18)
• Your funds get blocked once the mandate is accepted

Advantages of UPI Method:

• Zero brokerage charges
• Immediate fund blocking upon mandate acceptance
• No bank visit required
• Faster processing
• Real-time confirmation

Method 3: Applying Through Bank Account (ASBA Method)

The ASBA (Application Supported by Blocked Amount) method allows you to apply through your bank's internet banking or in person. This method is preferred by investors who don't have a trading account.

Online ASBA Application:

1. Login to Internet Banking
   • Access your bank's internet banking portal
   • Navigate to the IPO/Investment section
   • Register your demat account details once
2. Fill IPO Application
   • Select KSH International IPO
   • Enter your demat account details (16-digit demat ID and DP name)
   • Specify the number of shares and bid price
   • Ensure sufficient funds are available in your account
3. Submit Application
   • Review all details for accuracy
   • Submit the application
   • Receive confirmation and reference number
   • Save the reference number for tracking

Offline ASBA Application:

1. Download and Print Form
   • Download the ASBA form from NSE or BSE website
   • Print the form clearly on white paper
2. Fill Form Details
   • Complete all fields with personal information
   • Enter demat account details (16-digit number)
   • Mention KSH International as the IPO choice
   • Specify shares and bid price
   • Sign where required
3. Submit to Bank
   • Visit your bank branch (must be designated SCSB bank)
   • Submit completed form with original identity and address proofs
   • Bank will block the application amount in your account
   • Collect acknowledgement slip for your records

Advantages of ASBA Method:

• Applicable for investors without trading accounts
• Can apply through any SCSB bank branch
• Funds blocked only if application is valid
• Accepted by all scheduled banks

Understanding the Book Building Process in KSH International IPO

What is Book Building?

Book building is a price discovery mechanism where investors bid for shares within a specified price band, and the final price is determined based on demand. The term "book" refers to the record of bids received, and "building" refers to the process of accumulating these bids to understand demand levels.

How Book Building Works for KSH International IPO

1: Price Band Announcement

• The company announce the price band (₹365-₹384 for KSH International)
• The price band represents the range within which investors can place bids
• The maximum price cannot exceed 20% of the minimum price (SEBI regulation)

2: Bidding Period

• Bidding opens on December 16, 2025 at 10:00 AM
• Investors can revise their bids multiple times during this period
• QIB (Qualified Institutional Buyers) can bid for 2-3 days
• Retail and HNI investors bid during December 16-18, 2025
• Bidding closes on December 18, 2025 at 5:00 PM

3: Demand Assessment

• The registrar collects all valid bids
• Demand is analyzed at different price points
• Higher demand at higher prices indicates strong investor interest

4: Cut-off Price Determination

• The final price (cut-off price) is determined after bidding closes
• This price ensures all shares are fully subscribed
• The cut-off price usually reflects the highest demand level
• All investors who bid at or above the cut-off price are eligible for allotment

5: Share Allotment

• Shares are allotted on December 19, 2025 (tentative)
• Allotment is based on the cut-off price and investor category
• Retail investors get priority allocation
• Excess demand is handled through pro-rata or lottery method

Why Book Building is Beneficial

Advantages for Investors:

• Price Discovery: Fair pricing based on actual demand and market sentiment
• Transparency: All bids are recorded and disclosed in the final prospectus
• Flexibility: Investors can adjust bids based on market conditions
• Category Protection: Reserved allocations ensure broad participation across investor types

Advantages for Companies:

• Optimal Pricing: Raises maximum capital at fair valuation
• Market Validation: Demonstrates genuine investor demand
• Professional Guidance: Works with experienced merchant bankers

IPO Allotment: How Shares Are Distributed

Understanding the Allotment Process

Once the bidding period closes and the cut-off price is set, the registrar (MUFG Intime India Pvt. Ltd.) finalizes the basis of allotment. This process determines how many shares each investor receives.

Allotment Rules for Different Investor Categories

Retail Investor Allotment:

• Each retail investor gets a minimum of 1 lot (39 shares) if shares are available
• If the number of retail applicants exceeds available shares, allotment is done through lottery
• If oversubscribed, some investors may get 1 lot while others get nothing
• Pro-rata allotment applies if partially oversubscribed

Non-Institutional Investor (NII) Allotment:

• Divided into sNII (small HNI) and bNII (big HNI) categories
• Each gets minimum applicable lot size subject to availability
• Excess shares allotted on pro-rata basis
• Draw of lots used if perfect pro-rata division isn't possible

QIB Allotment:

• Not more than 50% of offer size reserved for QIBs
• Allotment is done on proportionate basis
• QIBs typically include insurance companies, mutual funds, and foreign institutional investors

Allotment Scenarios Explained

Scenario 1: Undersubscription

• If fewer shares are applied than offered, all applicants get their requested shares
• No lottery required
• Allotment is straightforward and proportional

Scenario 2: Exact Subscription

• If shares applied equal shares offered, all applicants get exact requested shares
• No allotment method complications
• Clean and simple distribution

Scenario 3: Oversubscription

• Most common scenario for growing companies
• Shares applied exceed shares offered
• Allotment happens through draw of lots or pro-rata method
• Each retail investor guaranteed minimum 1 lot if shares available

What Happens After Allotment?

For Successful Applicants:

• Shares credited to Demat account on December 22, 2025
• Can view holdings in Demat statement
• Can trade shares from listing date (December 23, 2025)
• Funds debited from bank account/UPI ID

For Unsuccessful Applicants:

• No shares allotted
• Refunds initiated on December 22, 2025
• Funds returned to the bank account used for application
• No charges or penalties for unsuccessful bid

Timeline for Allotment:

• Allotment finalized: December 19, 2025
• Allotment published: On NSE/BSE and registrar's website
• Share credit: December 22, 2025
• Listing date: December 23, 2025

About KSH International Limited: Company Overview

Company History and Background

Incorporated in 1979 and registered in 1981, KSH International Limited has emerged as India's third-largest manufacturer of magnet winding wires. The company operates under the 'KSH' brand and has built a reputation for quality, reliability, and innovation over four decades. Based in Chakan, Pune (120 km from Mumbai), the company has strategically positioned itself in the electrical equipment manufacturing sector.

Business Model and Product Portfolio

KSH International operates as a specialized manufacturer of insulated conductors used in transformers, motors, generators, and other electrical equipment. The company's comprehensive product portfolio includes:

Key Product Categories:

1. Round Enamelled Copper/Aluminium Magnet Winding Wires - Used in induction motors and small transformers
2. Rectangular Enamelled Copper/Aluminium Wires - For large transformers and power generation equipment
3. Paper Insulated Rectangular Copper/Aluminium Wires - High-performance applications
4. Continuously Transposed Conductors (CTC) - For large power transformers
5. Bunched Paper Insulated Copper Wires - Specialized industrial applications

These products find application across critical sectors including power generation, transmission and distribution, railways, automotive, and industrial equipment manufacturing.

Market Position and Competitive Advantages

KSH International commands a significant market share in India's magnet winding wire industry. The company's competitive strengths include:

Competitive Advantages:

1. Market Position: Third-largest manufacturer and largest exporter in India
2. Global Reach: Exports to 24 countries including USA, Germany, UAE, and Japan
3. Manufacturing Capacity: Total annual capacity of 29,045 MT across facilities
4. Quality Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949
5. Customer Relationships: Approved supplier to PGCIL, NTPC, NPCIL, RDSO, and major OEMs
6. Industry Awards: Recognition from Toshiba T&D Systems, GE Power Grid Solutions, BHEL
7. Vertical Integration: In-house copper and aluminum processing capabilities
8. R&D Capability: Dedicated R&D team driving innovation and process improvements

Manufacturing Facilities

Current Operations:

• Taloja Plant (Maharashtra): Major production facility
• Chakan Plant (Maharashtra): State-of-the-art facility near Pune
• Total Capacity: 29,045 MT per annum

Expansion Plans:

• Supa Facility (Ahilyanagar, Maharashtra): Fourth plant under development, expected to commence operations in Fiscal 2026
• Capacity Addition: Will significantly increase production capability
• Solar Integration: Rooftop solar power plant planned at Supa facility for sustainable operations

Organizational Strength

As of June 30, 2025, KSH International employs 157 full-time employees across its operations. The company's experienced promoter group includes:

Promoter and Management Team:

• Mr. Kushal Subbayya Hegde (Founder and Primary Promoter)
• Mr. Pushpa Kushal Hegde
• Mr. Rajesh Kushal Hegde
• Mr. Rohit Kushal Hegde
• Mrs. Rakhi Girija Shetty
• Multiple family trusts (Dhaulagiri, Everest, Makalu, Broad, Annapurna, Kanchenjunga)
• Waterloo Industrial Park VI Private Limited

The experienced promoter team with decades of industry experience provides strategic direction and operational excellence.

KSH International IPO: Financial Performance & Valuation

Recent Financial Performance

KSH International has demonstrated exceptional financial growth, particularly in recent fiscal periods:

Revenue Growth:

• FY2023: ₹1,056.60 crores
• FY2024: ₹1,390.50 crores (32% YoY growth)
• FY2025: ₹1,938.19 crores (39% YoY growth)
• First Half FY2025: ₹1,390.50 crores
• H1 FY2026 (Apr-Sep 2025): ₹562.60 crores (6-month period)

Profit After Tax (PAT):

• FY2023: ₹26.61 crores
• FY2024: ₹37.35 crores (40% YoY growth)
• FY2025: ₹67.99 crores (82% YoY growth)
• H1 FY2026: ₹22.68 crores

EBITDA Performance:

• FY2023: ₹49.90 crores
• FY2024: ₹71.46 crores
• FY2025: ₹122.53 crores (71% YoY growth)
• H1 FY2026: ₹40.28 crores

Key Performance Indicators (KPIs)

Valuation Metrics

Pre and Post-IPO Comparison:

Valuation Analysis:

• At the upper price band of ₹384, the post-IPO P/E of 28.68x reflects a growth premium
• The pre-IPO P/E of 32.09x suggests IPO pricing offers reasonable value
• EPS accretion from ₹11.97 to ₹13.39 indicates future earnings growth expectations
• The valuation premium over industry peers reflects the company's superior growth trajectory

Balance Sheet Strength

Assets and Liabilities:

• Total Assets (30 Jun 2025): ₹793.28 crores
• Total Assets (31 Mar 2025): ₹744.91 crores
• Net Worth (31 Mar 2025): ₹298.55 crores
• Reserves and Surplus: ₹270.14 crores
• Total Borrowing: ₹360.05 crores

The company maintains a solid balance sheet with growing assets and managed leverage. The debt-to-equity ratio of 1.17x indicates controlled use of financial leverage for expansion.

Objects of the Issue: Fund Utilization Plan

KSH International will utilize the net proceeds from the IPO for specific business objectives, demonstrating a clear and strategic use of capital:

Impact of Fund Utilization

Debt Repayment Benefits:

• Reduces total borrowing from ₹360.05 crores
• Improves debt-to-equity ratio
• Lowers interest expense
• Improves credit metrics

Capacity Expansion Impact:

• New machinery supports Supa facility operations
• Increases total production capacity from 29,045 MT
• Enables revenue growth acceleration
• Improves operational efficiency

Sustainability Focus:

• Solar power plant reduces energy costs
• Environmental compliance improvement
• Long-term operational cost savings
• Aligns with green manufacturing trends

IPO Intermediaries: Lead Manager and Registrar

Book Running Lead Manager

Nuvama Wealth Management Ltd. is appointed as the book running lead manager (BRLM) for the KSH International IPO. Nuvama is one of India's leading financial services firms with extensive experience in managing IPOs. The lead manager is responsible for:

• Determining the price band
• Conducting investor roadshows and presentations
• Collecting and analyzing bids during book building
• Recommending the cut-off price
• Coordinating with the company and SEBI throughout the IPO process
• Ensuring regulatory compliance

Contact Details:

• Website: 
• www.nuvama.com
• The lead manager will publish updates on the IPO progress on the NSE and BSE websites

Registrar to the Issue

MUFG Intime India Pvt. Ltd. serves as the Registrar to the Issue (RTI), responsible for managing all technical aspects of the IPO including application processing, allotment, refunds, and share crediting.

Registrar Responsibilities:

• Setting up the bidding system on NSE and BSE platforms
• Receiving and validating IPO applications
• Preparing the basis of allotment
• Processing refunds for unsuccessful and partially successful applicants
• Crediting shares to successful applicants' Demat accounts
• Publishing allotment status on their website

Registrar Contact Details:

• Phone: +91-22-4918 6270
• Email: kshinternational.ipo@in.mpms.mufg.com
• Website: https://linkintime.co.in/Initial_Offer/public-issues.html

Investors can check their allotment status on the registrar's website using their PAN, application ID, or by visiting NSE/BSE websites from December 19, 2025.

Sector Overview: Magnet Winding Wire Industry in India

Industry Significance

The magnet winding wire industry is a critical component of India's electrical equipment manufacturing ecosystem. These wires are essential inputs for transformers, motors, generators, and other electrical machinery that power India's economy. The industry serves multiple high-growth sectors including power generation, renewable energy, railways, automotive, and industrial equipment.

Market Size and Growth

The global magnet wire market is expected to reach USD 38.5 billion in 2025 and grow at a CAGR of 5.89% to reach USD 51.26 billion by 2030. Within this, Asia-Pacific captured 61.59% of 2024 revenue and is set for 6.85% CAGR through 2030, driven by:

• China's Grid Expansion: Continued investment in power infrastructure
• India's Smart Meter Initiative: Government target to install 250 million smart meters by 2030
• EV Component Demand: Increasing integration of magnet wires in electric vehicle motors
• Power Sector Growth: India's renewable energy and grid modernization programs

India's Position in the Global Market

India's winding wire industry is growing rapidly to meet both domestic demand and export opportunities. According to industry data:

• Industry Size: Approximately 500 manufacturing units in India with about 25,000 workers employed
• Installed Capacity: 350-400 KMT per annum (cumulative across industry)
• Current Utilization: Approximately 60% capacity utilization, indicating room for expansion
• Export Opportunity: Significant potential to replace imports currently valued at ₹700+ crores annually
• Quality Manufacturers: Only 40 units with state-of-the-art equipment, with just 8-10 units specialized in fine copper-aluminium wires

Growth Drivers for the Industry

Primary Growth Catalysts:

1. Power Sector Expansion: India's target to add 100+ GW capacity under renewable energy initiatives
2. Grid Modernization: Investment in transmission and distribution infrastructure
3. Electrification: Rural electrification and urban expansion programs
4. EV Revolution: Electric vehicle adoption driving demand for specialized wires
5. Make in India: Government incentives for manufacturing and export of value-added products
6. Energy Efficient Equipment: Increasing demand for high-efficiency motors and transformers

Magnet Wire Industry: Competitive Landscape

Key Competitors in India

Several companies compete with KSH International in the magnet winding wire space:

Established Competitors:

1. Precision Wires India Ltd - Large-scale manufacturer with established market presence
2. Ram Ratna Wires Ltd - Significant player with strong customer base
3. Apar Industries Ltd - Diversified manufacturer with multiple product lines
4. Vidya Wires Ltd - Recently IPO-listed, growing manufacturer

Peer Comparison: Valuation Metrics

Brokers and Trading Platforms for KSH International IPO

How to Apply Through Different Platforms

Investors can apply for the KSH International IPO through various authorized channels:

Major Stockbrokers Supporting KSH International IPO:

1. Zerodha
   • Method: UPI-based application
   • Platform: Kite Web/Mobile App
   • Zero brokerage charges
   • Real-time UPI mandate processing
   • Steps: Bids → IPO → Apply → Select quantity and price
2. Angel One
   • Method: UPI and ASBA
   • Platform: Angel One App/Web
   • User-friendly interface
   • Same-day fund blocking
3. Upstox
   • Method: UPI and ASBA
   • Platform: Upstox App/Web
   • Integrated IPO dashboard
   • Multiple bid modification options
4. ICICI Securities
   • Method: UPI and ASBA
   • Full-service broker support
   • Advisory services available
5. Kotak Neo
   • Method: UPI and ASBA
   • Research and recommendations provided
   • Institutional-grade platform
6. Axis Direct
   • Method: UPI and ASBA
   • Comprehensive market analysis
   • Expert advisory support

Application Through Banks:

• HDFC Bank
• ICICI Bank
• Axis Bank
• Kotak Mahindra Bank
• Other SCSB banks

All banks provide ASBA application facilities either online through internet banking or offline at branches.

Frequently Asked Questions About KSH International IPO

Q1: What is the minimum investment required for KSH International IPO for retail investors?

A: The minimum investment for retail investors is ₹14,976 (39 shares at the upper price band of ₹384). This is mandatory and cannot be reduced.

Q2: Can I apply multiple times for the KSH International IPO?

A: No. Each investor can apply only once using their PAN. Multiple applications are rejected automatically. However, you can revise your bid (quantity and price) multiple times before the IPO closes.

Q3: What is the lot size and why should I understand it?

A: The lot size is 39 shares, which is the minimum unit of application. You must apply for quantities that are multiples of 39 (39, 78, 117, etc.). Understanding lot size ensures your application is valid.

Q4: When will I know if my application was successful?

A: The allotment results will be published on December 19, 2025. You can check your status on the registrar's website, NSE/BSE, or your broker's platform using your PAN or application ID.

Q5: What happens to my funds if I don't get allotment?

A: If you don't receive allotment, your blocked funds will be refunded to your bank account by December 22, 2025. No charges or penalties are applicable.

Q6: Can I trade my allotted shares before the listing date?

A: No. Trading of allotted IPO shares is only possible from the listing date (December 23, 2025). Before listing, shares cannot be sold.

Q7: Should I bid at the lower (₹365) or upper (₹384) price?

A: Bidding at the lower price reduces your investment amount but may not secure allotment if there's high demand. Bidding at the upper price increases chances of allotment but requires more capital. The optimal strategy depends on your investment capacity and risk appetite.

Q8: Is KSH International IPO a good investment?

A: The IPO has strong fundamentals including revenue growth, profitability, market position, and reasonable valuation. However, all IPOs carry risks. Invest only after understanding the business and your own investment objectives.

Q9: What is the expected listing gain/loss?

A: IPO price performance depends on market conditions, investor demand post-listing, and company performance. Past IPO performance is not indicative of future results. Do not invest based solely on listing gain expectations.

Your KSH International IPO Investment Checklist

Before applying for the KSH International IPO, ensure you:

Pre-Application Checklist

•  Verify you have a valid PAN, Aadhaar, and address proof
•  Open a Demat account (if not already opened)
•  Link your Demat account with your trading account or bank account
•  Ensure you have a valid, functional UPI ID or active internet banking
•  Have minimum ₹14,976 available in your bank account for retail investment
•  Read the Red Herring Prospectus (RHP) for detailed information
•  Understand the price band (₹365-₹384) and lot size (39 shares)
•  Note the IPO dates (Dec 16-18, 2025) and critical deadlines

Key Takeaways

1. KSH International IPO is a ₹710 crore opportunity combining ₹420 crore fresh issue and ₹290 crore offer for sale
2. Strong financial fundamentals with 39% revenue growth and 82% profit growth
3. Market-leading position as India's third-largest magnet winding wire manufacturer
4. Attractive valuation at 28.68x post-IPO P/E compared to peers at 40x+
5. Multiple growth drivers including power sector expansion, renewable energy, and EV demand
6. Easy application process through brokers (UPI method) or banks (ASBA method)
7. Regulatory support from SEBI-registered intermediaries and transparent pricing mechanism

The KSH International IPO represents an opportunity to invest in a quality manufacturing company at a reasonable valuation, positioned in a growing sector with strong tailwinds. However, conduct your own due diligence, understand the risks, and invest only if it aligns with your investment objectives and risk profile.

For the latest updates, download the Red Herring Prospectus from the KSH International website or register with your broker for IPO notifications. Happy investing!

Disclaimer: This blog is for informational purposes only and not investment advice. Always conduct your own research, read the official prospectus, and consult a financial advisor before making investment decisions. Investing in IPOs carries risks, and past performance doesn't guarantee future results.