KSH International Limited IPO

Mainboard

Cables - Electricals

Listed On: Dec 23, 2025 at ₹ 370.0(NSE)

₹ 14976 /39 Shares

Check Allotment

16 Dec, 2025

Open Date

18 Dec, 2025

Close Date

19 Dec, 2025

Allotment Date

23 Dec, 2025

Listing Date

IPO OFS Size has been reduced !!!

Price Summary

Last Closing

353.85 (-7.85%)

52 Week High

403.70

52 Week Low

330.40

Last Update

23-Jan-2026 3:30 PM

KSH International IPO Live Subscription Details

View Subscription Details

QIB 1.12x

Retail 0.91x

NIIs 0.44x

BHNI 0.26x

SHNI 0.80x

Retail 0.91x

Total 0.87x

Last updated: 18 Dec 2025, 05:57 PM

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
List Price 370.0(NSE)
Listing Date 2025-12-23
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 18489584 shares. Out of which 3697918 (20%) allocated to QIB, 2773438 (15%) allocated to NII,6471354 (35%) allocated to RII, NA (NA%) allocated to employees and 5546874 (30%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	5546874 (30%)
QIB Shares Offered	3697918 (20%)
NII (HNI) Shares Offered	2773438 (15%)
bNII > ₹10L	1848958 (10%)
sNII < ₹10L	924779 (5%)
Retail Shares Offered	6471354 (35%)
Total Shares Offered	18489584 (100%)

KSH International IPO Documents

DRHP

RHP

ANCHOR

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.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	36,97,918	27,73,438 18,48,958 9,24,779	64,71,354	1,29,42,710
Day 1 16-12-25 05:00 PM	0.00 x	0.07 x 0.03 x 0.13 x	0.29 x	0.16 x
Day 2 17-12-25 05:00 PM	0.00 x	0.13 x 0.07 x 0.26 x	0.49 x	0.27 x
Day 3 18-12-25 05:00 PM	1.12 x	0.44 x 0.26 x 0.80 x	0.91 x	0.87 x

Total No of Applications

1,17,578

Subscription on the basis of Applications

Retail:0.7x BHNI:0.05x SHNI:0.7x

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.

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 : 98.40%

Post Issue Share Holding : 71.37%

KSH International IPO - Issue Objectives

Repayment of certain company borrowings

Purchase and setup of new machinery at 2 plants

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

General corporate purposes

KSH International IPO - Anchor Investors

KSH International rakes in Rs 213 crore from 10 anchor investors.
KSH International has finalized the allocation of 55.46 lakh shares to anchor investors at Rs 384 per share. Of the total allocation, as much as 41.4 lakh equity shares were distributed to 5 domestic mutual funds including Kotak Mahindra AMC, HDFC AMC, LIC Mutual Fund, and ITI Mutual Fund.
Further, 4.68 lakh shares were allotted to two insurance companies- Kotak Mahindra Life Insurance, and Edelweiss Life Insurance Company.

KSH International IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
KSH International	N/A	32.0	22.7%	1928
Precision Wires	N/A	50.6	15.6%	4014
Ram Ratna Wires	N/A	40.3	14.3%	3676

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

KSH International IPO - FAQs

Ans. KSH International Limited IPO is a Mainboard IPO. The issue is priced at ₹365-384 per equity share. The minimum order quantity is 39 Shares. The IPO opens on Dec 16, 2025, and closes on Dec 18, 2025. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The KSH International Limited IPO opens on Dec 16, 2025 and closes on Dec 18, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of KSH International Limited IPO is Total 710.00 Cr : #Fresh Issue : 1,09,37,500 shares(aggregating up to ₹420.00 Cr) + #OFS : 75,52,083 shares of ₹5(aggregating up to ₹290.01 Cr).

Ans. The KSH International Limited IPO price band is set between ₹365-384 per equity share.

Ans. To apply for KSH International Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find KSH International Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of KSH International Limited IPO is Dec 19, 2025.

Ans. The KSH International Limited IPO will be listed on Dec 23, 2025.

Ans. Follow the steps to check the KSH International Limited IPO allotment status online.