KSH International IPO Details
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KSH International IPO opens for subscription on 16 Dec 2025 and closes on 18 Dec 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 23 Dec 2025.
KSH International IPO price band has been fixed at ₹365 – ₹384 per share.The face value is ₹5 per share with a lot size of 39.
KSH International IPO total issue size comprises 1,84,89,583 shares (aggregating up to ₹710.00 Cr.). This includes a fresh issue of 1,09,37,500 shares (aggregating up to ₹420.00 Cr.). Offer for Sale consists of 75,52,083 shares (aggregating up to ₹290.00 Cr.). Pre-issue shareholding stands at 5,68,18,200, which will increase to 6,77,55,700 post-issue.
KSH International IPO Lot Size : Retail Minimum is 1 lot (39 shares) amounting to ₹14,976. Retail Maximum is 13 lots (507 shares) amounting to ₹194,688. SHNI Minimum is 14 lots (546 shares) amounting to ₹209,664. SHNI Maximum is 66 lots (2,574 shares) amounting to ₹988,416. BHNI Minimum is 67 lots (2,613 shares) amounting to ₹1,003,392.
The Lead Managers for KSH International IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Nuvama Wealth Management Ltd, ICICI Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the KSH International Limited RHP.
KSH International IPO Details
KSH International IPO Subscription
KSH International IPO Application Wise Breakup (Approx)
KSH International IPO Dates
- 16 Dec 2025Opening dateOpen
- 18 Dec 2025Closing dateClose
- 19 Dec 2025Allotment Date Allotment
- 22 Dec 2025Initiation of RefundsRefund
- 22 Dec 2025Credit of SharesCredit
- 23 Dec 2025Listing dateListing
KSH International IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 39 | ₹14,976 |
| Retail Maximum | 13 | 507 | ₹194,688 |
| SHNI Minimum | 14 | 546 | ₹209,664 |
| SHNI Maximum | 66 | 2574 | ₹988,416 |
| BHNI Minimum | 67 | 2613 | ₹1,003,392 |
KSH International IPO Reservation
Promoter Holding
KSH International IPO Valuations
KSH International Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 793.28 | 744.91 | 482.71 | 359.18 |
| Total Income | 562.60 | 1,938.19 | 1,390.50 | 1,056.60 |
| Profit After Tax | 22.68 | 67.99 | 37.35 | 26.61 |
| EBITDA | 40.28 | 122.53 | 71.46 | 49.90 |
| NET Worth | 321.47 | 298.55 | 230.95 | 193.66 |
| Reserves and Surplus | 293.07 | 270.14 | 225.26 | 187.97 |
| Total Borrowing | 379.39 | 360.05 | 206.81 | 120.35 |
| Amount in ₹ Crore | ||||
About KSH International IPO
ncorporated in 1979, KSH International Limited is one of India’s leading manufacturers of magnet winding wires and is recognized as the third-largest manufacturer and the largest exporter in the industry.
The Company operates under the established ‘KSH’ brand, supplying products to major OEMs across key sectors including power, renewables, railways, automotive, and industrials.
Product Portfolio includes:
Round enamelled copper and aluminium magnet winding wires
Paper insulated rectangular copper and aluminium magnet winding wires
Continuously transposed conductors (CTC)
Rectangular enamelled copper and aluminium magnet winding wires
Bunched paper insulated copper magnet winding wires
KSH International is an approved supplier to leading public and private sector entities such as PGCIL, NTPC, NPCIL, and RDSO, and exports to 24 international markets, including the USA, Germany, UAE, and Japan.
The Company currently operates three manufacturing facilities located in Taloja and Chakan (Maharashtra) with a combined annual installed capacity of 29,045 MT.
A fourth manufacturing plant is under development at Supa, Ahilyanagar, and is expected to commence operations in Fiscal 2026.
KSH’s in-house R&D and engineering division focuses on product innovation, process optimization, and cost efficiency. The Company maintains globally recognized certifications including ISO 9001, ISO 14001, ISO 45001, and IATF 16949.
The Company has received multiple quality and performance awards from marquee customers such as Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL, reinforcing its reputation for reliability.
As of June 30, 2025, KSH International Limited employed 157 full-time employees across its operations.
Strength Of KSH International IPO
- We are one of the leading manufacturers of magnet winding wires in India with a comprehensive suite of products used across multiple end use industries.
- We have large, strategically located, manufacturing facilities with focus on advanced technologies and new product and process development.
- We have long standing relationships with our diversified customer base both domestically as well as globally.
- We have a proven track record necessary certifications and accreditations in an industry which has high barriers to entry.
- We have a track record of financial performance and consistent growth.
- We have experienced Promoters and Senior Management team.
Risk Of KSH International IPO
- We depend on certain customers for a significant portion of our revenue from operations. Our top 10 customers contributed to 53.97%, 52.54%, 57.10% and 58.99% of our revenue from operations for the three-month period ended June 30, 2025, and Fiscals 2025, 2024 and 2023, respectively. Any decrease in demand from such customers, the loss of such customers or our inability to diversify our customer base could have an adverse effect on our business, results of operations, financial condition and cash flows.
- Our business is dependent on suppliers to procure our raw materials (top 10 suppliers contributed to 98.91%, 98.45%, 96.93% and 98.58% of our total cost of raw materials and components purchased for the three-month period ended June 30, 2025, and Fiscals 2025, 2024, and 2023, respectively). We have not entered into long-term agreements with these suppliers, and any loss of suppliers or interruptions in the timely delivery of raw materials or volatility in their prices could have an adverse impact on our business, financial condition, cash flows and results of operations.
- Any shortfall in the supply or availability of raw materials including aluminium or copper, which are our primary raw materials (and copper also being our principal raw material), or insulating materials, such as enamel and paper, or an increase in our such material costs, or other input costs, may adversely affect the pricing and supply of our products and have an adverse effect on our business, results of operations and financial condition.
- A significant portion of our revenue from operations i.e. 71.73%, 74.79%, 75.17% and 79.08% of our operating revenue for the three-month period ended June 30, 2025 and Fiscals 2025, 2024 and 2023, respectively is attributable to the power sector (generation, transmission and distribution) industry ("Power Sector"). Any economic cyclicality coupled with reduced demand or negative trend in the Power Sector industry or other industries that we operate in, could adversely affect our business, results of operations and financial condition.
- We derive a substantial portion of our revenue (more than 70% in each of the three-month period ended June 30, 2025, and Fiscals 2025, 2024 and 2023) from the sale of specialized magnet winding wires. Any reduction in demand for our key products would have a material adverse effect on our business, financial condition, results of operations and cash flows.
- We have not yet placed orders in relation to the capital expenditure to be incurred for certain of our proposed objects of the Offer. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the requisite equipment in a timely manner, or at all, the same may result in time and cost over-runs.
- Our operations are significantly dependent on our manufacturing facilities. Any unscheduled, unplanned or prolonged disruption, slowdown or shutdown of our manufacturing facilities could have a material adverse effect on our business, financial condition, cash flows and results of operations.
- We have encountered delays in the past and may encounter delays or time cost overruns in the completion of the construction of our manufacturing facility at Supa, Ahilyanagar (formerly Ahmednagar) in Maharashtra, which may adversely affect our business, result of operations, financial condition and cash flows.
- We are subject to strict quality requirements and any product defect issues or failure by us or our raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or exposure to potential product liability claims.
- We export our products to various countries and our revenue from outside India represented 30.75%, 33.20%, 39.15% and 43.93% of our sale of products for the three-month period ended June 30, 2025, and Fiscals 2025, 2024 and 2023, respectively. Any adverse events affecting these countries or changes in laws and duties in relation to exports could have an adverse impact on our business, revenue operations, financial condition and cash flows.
Objectives KSH International IPO
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
Company Contact Details
KSH International Limited
11/3, 11/4 and
11/5 Village Birdewadi Chakan
Taluk Khed
Pune, Maharashtra
Phone: +91 20 45053237
Email: cs.connect@kshinternational.com
Website: https://kshinternational.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports