KSH International IPO

KSH International IPO

Listed

MainboardOpens 16 December 2025Closes 18 December 2025

KSH International Limited, incorporated in 1979, is the third-largest manufacturer of magnet winding wires in India and the country's largest exporter in this segment. The company manufactures specialized insulated…

Show more
Live GMPSubscriptionAllotment
Price band
₹365 - ₹384
Issue size
₹710 Cr
Lot size
39 shares
Type
Mainboard
GMP
₹-2 (-0.5%)
Est. listing
₹382
Est. profit / app
₹-78
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹5
EPS
13.39
P/E ratio
28.68
RoNW
22.77%
ROE
22.77%
Debt / Equity
1.17
Advertisement

Timeline

  1. IPO Opens

    16 Dec 2025

  2. IPO Closes

    18 Dec 2025

  3. Allotment

    19 Dec 2025

  4. Listing

    23 Dec 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date16 December 2025
IPO Close Date18 December 2025
Allotment Date19 December 2025
Listing Date23 December 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,976
Retail (Max)Just less than ₹2,00,000
13₹1,94,688
SHNI (Min)Just above ₹2,00,000
14₹2,09,664
SHNI (Max)Below ₹10,00,000
66₹9,88,416
BHNIAbove ₹10,00,000
67₹10,03,392

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Repayment or prepayment, in full or part, of certain outstanding borrowings availed by the Company (₹225.98 Cr).
  • Funding capital expenditure for purchase and setup of new machinery at the Supa and Chakan plants (₹87.02 Cr).
  • Setting up a rooftop solar power plant at the Supa Facility (₹8.83 Cr).
  • General corporate purposes.

Strengths

  • The company holds a Leading Industry Position, as the third-largest manufacturer and the largest exporter of magnet winding wires from India in FY25.
  • It serves a Marquee Global Clientele, maintaining established relationships with top-tier OEMs such as BHEL, Hitachi Energy, Siemens Energy, and GE Vernova.
  • The business operates with High Barriers to Entry due to the technical nature of the segment and the need for specialized certifications like PGCIL and NTPC.
  • It has a Strong Export Engine, with exports to 24 countries accounting for over 30% of revenue, providing significant geographic de-risking.
  • The company is undergoing Robust Capacity Expansion, planning to double its capacity to 59,045 MTPA by March 2027 using IPO proceeds.
  • It demonstrates Financial Momentum, with a revenue CAGR of 36% and a sharp PAT growth of 82% between FY24 and FY25.

Weaknesses

  • There is a significant Customer Concentration Risk, with the top 10 customers contributing over 50% of total revenue.
  • The business is vulnerable to Raw Material Volatility, particularly in copper and aluminium prices, which can squeeze margins if cost pass-through is delayed.
  • It carries a Leverage Risk with a debt-to-equity ratio of 1.17, although the fresh issue is designated to repay a substantial portion of these borrowings.
  • Operations are Working Capital Intensive, requiring high inventory levels and managing an extended collection cycle of approximately 80 days.
  • There is Supplier Concentration, as the top 10 suppliers account for nearly 98.5% of all raw material purchases.
Advertisement

Financial Performance

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)793.28744.91482.71359.18
Revenue (₹ Cr.)562.61,938.191,390.51,056.6
PAT (₹ Cr.)22.6867.9937.3526.61
Net Worth (₹ Cr.)321.47298.55230.95193.66

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
KSH International Limited7.3128.6822.77%321.47
Precision Wires India Limited6.1336.4416.82%576
Ram Ratna Wires Limited5.638.0414.03%488

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0x1.12x
NII0.07x0.13x0.44x
S-HNI0.13x0.26x0.8x
B-HNI0.03x0.07x0.26x
RII0.29x0.5x0.91x
Total0.16x0.28x0.87x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB36,97,91841,41,956159.05
NII27,73,43812,15,24046.67
Small NII9,24,4797,41,78028.48
Big NII18,48,9584,73,46018.18
RII64,71,35458,78,431225.73
Total1,29,42,7101,12,35,627431.45
Advertisement

Company Details

  • KSH International Ltd.
  • 11/3, 11/4 & 11/5, Village Birdewadi, Chakan, Taluka-Khed, Pune- 410501, Maharashtra, India
  • +91 20 45053237
  • cs.connect@kshinternational.com
  • https://kshinternational.com/

Registrar Details

Frequently Asked Questions

What is the business focus of KSH International?
KSH International is a B2B manufacturer specializing in magnet winding wires and transposed conductors. These are essential components for electrical equipment like transformers, motors, and generators used in the power, railway, and EV sectors.
When does the KSH International IPO open and close?
The KSH International IPO is open for subscription from December 16, 2025, and officially closes today, December 18, 2025.
What is the IPO price band and minimum retail investment?
The price band is set at ₹365.00 to ₹384.00 per share. A retail investor can apply for a minimum of 1 lot (39 shares) for an investment of ₹14,976.
How will KSH International utilize the proceeds from the fresh issue?
The company will use the ₹420 crore fresh issue primarily to repay company borrowings (₹225.98 Cr), fund capacity expansion at its Supa and Chakan facilities, and set up a solar power plant.
What are the key financial highlights of KSH International in FY25?
In FY25, the company reported total income of ₹1,938.19 Cr and a profit after tax (PAT) of ₹67.99 Cr, achieving a strong Return on Equity (ROE) of 22.77%.
On which stock exchanges will KSH International be listed?
The shares of KSH International are proposed to be listed on both the BSE and NSE mainboard platforms, with a tentative listing date of December 23, 2025.

KSH International IPO News & Updates

Follow the latest updates for KSH International IPO, including grey market moves and allotment news.

KSH International IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

KSH International IPO Details

Issue size, price, financials, and company info

KSH International IPO GMP

Live grey market premium and listing estimate

KSH International IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

KSH International IPO Allotment

Allotment date, chances, and check by PAN

KSH International IPO Review

SWOT, strengths, risks, and IPO review

KSH International IPO FAQ

Common questions on dates, GMP, and allotment

KSH International IPO Registrar

Registrar website and how to check allotment

KSH International IPO Timeline

Open, close, allotment, and listing dates

KSH International IPO News

Updates, blogs, and latest IPO news

Sources

We match KSH International IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...