The KSH International IPO opening date is December 16, 2025, and the IPO will close on December 18, 2025. The KSH International IPO is a book-built issue. The company will raise approximately ₹710 crore through the IPO, which includes a fresh issue of ₹420 crore and an offer for sale of 75,52,083 equity shares with a face value of ₹5.
The price band for the KSH International IPO is ₹365 to ₹384 per share. The retail quota is 35%, QIB 50%, and HNI 15%. The KSH International IPO will be listed on the BSE and NSE on December 23, 2025. The allotment date for the KSH International IPO is December 19, 2025.
The company reported revenue of ₹1,938.19 crore in 2025, compared to ₹1,390.50 crore in 2024. The company reported a profit of ₹67.99 crore in 2025, compared to a profit of ₹37.35 crore in 2024. According to financials, IPO investors should apply for the long term in IPOs.
About KSH International IPO
KSH International started operations in 1981 by making magnet winding wires in Taloja, Raigad, Maharashtra. Furthermore, over the past four decades, they have expanded to produce different types of standard and custom magnet winding wires.
Moreover, main products include round enamelled copper and aluminum wires, paper-insulated rectangular copper and aluminum wires, continuously transposed conductors, rectangular enamelled wires, and bunched paper-insulated copper wires.
As of December 31, 2024, they operate three manufacturing facilities with a combined annual installed capacity of 29,045 MT. Moreover, two of these facilities are located in Chakan, Pune, in Maharashtra, and one in Taloja, Raigad, in Maharashtra.
KSH International Limited, established in 1979, is the third-largest manufacturer and largest exporter of magnet winding wire in India. KSH International operates under the 'KSH' brand and supplies to OEMs in sectors such as power, renewables, railways, automotive, and industrial.
The company's specialty products include round enameled copper/aluminum magnet winding wire, paper-insulated rectangular copper/aluminum magnet winding wire, continuously transposed conductors, rectangular enameled copper/aluminum magnet winding wire, and bunched paper-insulated copper magnet winding wire.
KSH International is an approved supplier to major public and private companies such as PGCIL, NTPC, NPCIL, and RDSO, and exports to 24 countries, including the USA, Germany, UAE, and Japan. 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 construction in Supa, Ahilyanagar, and is expected to be operational in fiscal year 2026. The in-house R&D and engineering team drives product innovation, process improvement, and cost efficiency and holds specialized certifications such as ISO 9001, ISO 14001, ISO 45001, and IATF 16949.
KSH International is committed to quality and reliability and has received awards from major customers such as Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL.
As of June 30, 2025, the company has 157 full-time employees.
Competitive Strengths:
One of the leading magnet winding wire manufacturers in India, with a broad range of products used in multiple end-use industries.
Large, well-located manufacturing facilities with a focus on advanced technology and new product and process development.
We have long-standing relationships with a diverse customer base across the country and globally. A proven track record with the necessary certifications and accreditations in an industry with high entry barriers.
Experienced promoters and senior management team.
KSH International IPO Details
| IPO Open Date: | December 16, 2025 |
| IPO Close Date: | December 18, 2025 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹365 to ₹384 Per Share |
| Issue Size: | Approx ₹710.00 Crores |
| Fresh Issue: | Approx ₹420 Crores |
| Offer for Sale: | Approx 75,52,083 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| DRHP Draft Prospectus: |  |
| RHP Draft Prospectus: | |
KSH International IPO Market Lot
The KSH International IPO minimum market lot is 39 shares with ₹14,976 application amount. The retail investors can apply up-to 13 lots with 507 shares of ₹1,94,688 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 39 | ₹14,976 |
| Retail Maximum | 13 | 507 | ₹1,94,688 |
| S-HNI Minimum | 14 | 546 | ₹2,09,664 |
| S-HNI Maximum | 66 | 2,574 | ₹9,88,416 |
| B-HNI Minimum | 67 | 2,613 | ₹10,03,392 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
KSH International IPO Anchor Investors
| Anchor Bidding Date | December 15, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 18, 2026 |
| lock-in period end date 50% shares (90 Days) | March 19, 2026 |
KSH International IPO Dates
The KSH International IPO date is December 16 and the close date is December 18. The KSH International IPO allotment will be finalized on December 19 and the IPO listing on December 23.
| IPO Open Date: | December 16, 2025 |
| IPO Close Date: | December 18, 2025 |
| Basis of Allotment: | December 19, 2025 |
| Refunds: | December 22, 2025 |
| Credit to Demat Account: | December 22, 2025 |
| IPO Listing Date: | December 23, 2025 |
| IPO Bidding Cut-off Time: | December 18, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are 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.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 5,68,18,200 | 98.40% |
| Promoter Holding Post Issue | 6,77,55,700 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment of certain company borrowings | ₹225.98 |
| Purchase and setup of new machinery at 2 plants | ₹87.02 |
| Purchase and setup of a rooftop solar power plant for power generation at our Supa Facility | ₹8.83 |
| General corporate purposes | ₹- |
KSH International IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1,056.60 | ₹1,021.13 | ₹26.61 | ₹359.18 |
| 2024 | ₹1,390.50 | ₹1,339.88 | ₹37.35 | ₹482.71 |
| 2025 | ₹1,938.19 | ₹1,847.76 | ₹67.99 | ₹744.91 |
| June 2025 | ₹562.60 | ₹529.07 | ₹22.68 | ₹793.28 |
KSH International IPO Valuation – FY2025
Check KSH International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 22.77% |
| ROCE: | 16.60% |
| EBITDA Margin: | 6.35% |
| PAT Margin: | 3.51% |
| Debt to equity ratio: | 1.17 |
| Earning Per Share (EPS): | ₹11.97 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 22.77% |
| Net Asset Value (NAV): | ₹52.54 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Precision Wires India Limited | 5.04 | 50.60 | 15.63% | 32.25 | 4,014.83 Cr. |
| Ram Ratna Wires Limited | 15.06 | 40.37 | 14.39% | 110.74 | 3,676.75 Cr. |
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IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- ICICI Securities Limited
Company Address
KSH International Ltd.
11/3, 11/4 and
11/5 Village Birdewadi Chakan
Taluk Khed
Pune, Maharashtra, 410501
Phone: +91 20 45053237
Email: cs.connect@kshinternational.com
Website: https://kshinternational.com/
IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: kshinternational.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html