IPO

KSH International Limited IPO

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Offer Date: Dec 16, 2025 - Dec 18, 2025

₹ 14976 /39 Shares

16 Dec, 2025

Open Date

18 Dec, 2025

Close Date

19 Dec, 2025

Allotment Date

23 Dec, 2025

Listing Date
KSH International IPO Issue Details
  • Issue Price ₹365-384 per equity share
  • Face Value ₹5 Per Equity Share 
  • Total Issue Size 1,84,89,583 shares(aggregating up to ₹710 crore)
  • Fresh Share 1,09,37,500 shares(aggregating up to ₹420 crore)
  • Offer For Sale 75,52,083 shares(aggregating up to ₹290 crore)
  • Listing at BSE, NSE
  • Lead Manager Nuvama Wealth Management Ltd.
    ICICI Securities Ltd.
  • Registrar MUFG Intime India Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 39 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 39 ₹14,976
Retail(max) 13 507 ₹1,94,688
SHNI(min) 14 546 ₹2,09,664
SHNI(max) 66 2,574 ₹9,88,416
BHNI(min) 67 2,613 ₹10,03,392
KSH International IPO Reservation

KSH International IPO offers total NA shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,NA (35%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered NA (NA%)
QIB Shares Offered NA (NA%)
NII (HNI) Shares Offered NA (NA%)
bNII > ₹10L NA (NA%)
sNII < ₹10L NA (NA%)
Retail Shares Offered NA (35%)
Total Shares Offered NA (NA%)
KSH International IPO Documents
KSH International IPO Details


KSH International IPO is a book-built issue of ₹710 crores, The total issue size is ₹710 crores. The IPO of KSH International is priced at ₹365-384 per equity share, which has a face value of ₹5 Per Equity Share  each, IPO bidding starts from Dec 16, 2025 and ends on Dec 18, 2025. The allotment for KSH International IPO will be finalized on Dec 19, 2025. KSH International IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 23, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 39 shares, extendable to 14,976. S-HNIs will be able to bid for 546 shares at ₹2,09,664, while B-HNIs can also apply for a bid of 2,613 shares at ₹10,03,392. The book-running lead manager for the IPO is/are Nuvama Wealth Management Ltd., ICICI Securities Ltd..

The total issue ₹710 crore, comprising a fresh issue of 1,09,37,500 shares ₹420 crore and having Offer for Sale (OFS) of 75,52,083 shares to mop up ₹290 crore.

The KSH International IPO sets its price band at 365-384 for each share. A single application for KSH International Limited IPO must contain at least 39 shares. Sentiment investors need to invest a minimum of 39 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,976 In order to participate in the sNII, investors must purchase at least 14 lots of 546 shares for ₹2,09,664, while the bNII requires 67 lots of 2,613 shares for an investment of ₹10,03,392.

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KSH International Valuations
EPS Pre IPO ₹11.97/-
EPS Post IPO ₹13.39/-
P/E Pre IPO 32.09
P/E Post IPO 28.68
ROE 22.77%
ROCE 16.60%
Debt/Equity 1.17
RoNW 22.77%
Price to Book Value 7.31
Market Cap. 2601.82 Cr.
KSH International Company Financials
In Crs.
In Cr.
30-Jun-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 793.28 744.91 482.71 359.18
Revenue 562.60 1938.19 1390.50 1056.60
Profit After Tax 22.68 67.99 37.35 26.61
Net Worth 321.47 298.55 230.95 193.66
Reserves & Surplus 293.07 270.14 225.26 187.97
Total Borrowing 379.39 360.05 206.81 120.35
About KSH International Company

Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India as per the CARE Report. KSH International operates under the brand ‘KSH’ and supplies to OEMs across sectors like power, renewables, railways, automotive, and industrials. The product range encompasses enamelled round and rectangular wires, paper insulated wires, continuously transposed conductors (CTC), and bunched insulated copper wires.

KSH International are the approved suppliers to major public and private entities like PGCIL, NTPC, NPCIL, and RDSO, and export to 24 countries including the USA, Germany, UAE, Japan, etc. The company has three manufacturing facilities in Maharashtra (Taloja and Chakan) with a total annual capacity of 29,045 MT. A fourth plant is under development in Supa, Ahilyanagar, expected to begin operations in Fiscal 2026. The in-house R&D and engineering team drives product innovation, process improvements, and cost efficiency and holds key certifications including ISO 9001, ISO 14001, ISO 45001, and IATF 16949.

Quality and Reliability form the core values at KSH International, which has earned awards from prestigious customers like Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL.

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KSH International - Promoter(s)

Mr. Kushal Subbayya Hegde, Mr. Pushpa Kushal Hegde, Mr. Rajesh Kushal Hegde, Mr. Rohit Kushal Hegde, Mrs. Rakhi Girija Shetty, Dhaulagiri family trust, Everest family trust, Makalu family trust, Broad family trust, Annapurna family trust, Kanchenjunga family trust and Waterloo industrial park VI private limited.

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

KSH International IPO - Issue Objectives
1

Repayment of certain company borrowings

2

Purchase and setup of new machinery at 2 plants

3

Purchase and setup of a rooftop solar power plant for power generation at our Supa Facility

4

General corporate purposes

Strength
Leading magnet winding wire manufacturer: broad product suite serving diverse industries with strong global and domestic presence.
Strategically located, advanced manufacturing facilities enable efficient production, innovation, and capacity expansion.
Long-term customer relationships: trusted by major public sector units and global OEMs, supporting stable and recurring demand.
Weakness
High customer concentration, wherein the top 10 customers account for more than 50% of revenues; even the loss of a single key customer might hurt performance.
Dependence on limited suppliers: Over 95% of raw material procurement comes from the top 10 suppliers. There are no long-term contracts in place, making supply chains more vulnerable.
Exposure to raw material volatility: Copper and aluminum are key raw materials. Any shortage or price increase could impact the margins, price, or continuity of supplies.
Contact Details

KSH International

11/3, 11/4 and 11/5 Village Birdewadi Chakan Taluk Khed Pune, Maharashtra, 410501

+91 20 45053237

cs.connect@kshinternational.com

https://kshinternational.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

kshinternational.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html