KSH International IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
KSH International Limited, incorporated in 1979, is India’s third-largest manufacturer and the largest exporter of magnet winding wires. Operating under the ‘KSH’ brand, the company supplies products to leading OEMs across diverse sectors including power, renewable energy, railways, automotive, and…
Open Date
Tue, 16 Dec 2025
Close Date
Thu, 18 Dec 2025
Price Band
₹ 365 – 384
Lot Size
39
Issue Size
₹ 710.00 Cr
Minimum Investment
₹ 14,976 (39 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
KSH International IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹710.00 Crore, comprising a fresh issue of 1.09 Crore equity shares aggregating to ₹420.00 Crore and an offer for sale (OFS) of 75.52 Lakh equity shares aggregating to ₹290.00 Crore by the existing shareholders.
The KSH International IPO remained open for subscription from December 16, 2025, to December 18, 2025. The basis of allotment was finalized on December 19, 2025, and the company's shares were listed on the NSE and BSE on December 23, 2025.
The company had fixed the price band at ₹365 to ₹384 per share, with a lot size of 39 shares. Retail investors were required to make a minimum investment of ₹14,976 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Nuvama Wealth Management Limited, and ICICI Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, KSH International Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
KSH International IPO Timeline (Tentative)
- IPO Open Date
- Tue, 16 Dec 25
- IPO Close Date
- Thu, 18 Dec 25
- Basis of Allotment
- Fri, 19 Dec 25
- Initiation of Refunds
- Mon, 22 Dec 25
- Credit of Shares to Demat
- Mon, 22 Dec 25
- Listing Date
- Tue, 23 Dec 25 — NSE & BSE
Open Date
16 December 2025
Close Date
18 December 2025
Basis Of Allotment
19 December 2025
Listing Date
23 December 2025
IPO Subscription
Check Live Subscription →The KSH International IPO has received bids for 1,12,35,627 shares against 1,36,16,438 shares offered, resulting in an overall subscription of 0.83x. the NII category is subscribed 0.42x, Retail Investors 0.86x, and QIBs 1.06x. Within the NII category, BNII is subscribed 0.24x, while SNII is subscribed 0.76x.
QIB
1.06x
NII
0.42x
BNII
0.24x
SNII
0.76x
RII
0.86x
Total
0.83x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 68,08,219 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 38,90,410 shares (28.57%), while Non-Institutional Investors (NIIs) receive 29,17,809 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 3,890,410 | 28.57% |
| Non-Institutional | 2,917,809 | 21.43% |
| BNII | 1,945,206 | 14.29% |
| SNII | 972,603 | 7.14% |
| Retail Investors | 6,808,219 | 50% |
| Total | 13,616,438 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 793.28 | 744.91 | 482.71 | 359.18 |
| Revenue | 562.6 | 1938.19 | 1390.5 | 1056.6 |
| Profit After Tax | 22.68 | 67.99 | 37.35 | 26.61 |
| Net Worth | 321.47 | 298.55 | 230.95 | 193.66 |
| Reserve & Surplus | 293.07 | 270.14 | 225.26 | 187.97 |
| Total Borrowings | 379.39 | 360.05 | 206.81 | 120.35 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
KSH International Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 22.77 | 16.17 | 13.74 |
| ROCE % | 16.6 | 14.15 | 13.25 |
| Debt / Equity | 1.17 | 0.82 | 0.59 |
| RoNW % | 22.77 | 16.17 | 13.74 |
| Pat Margin % | 3.51 | 2.69 | 2.52 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| KSH Internatio nal Ltd | 5 | 0.00 | 11.97 | 11.97 | 22.77 | 52.54 |
| Precision Wires India Ltd | 1 | 50.60 | 5.04 | 5.04 | 15.63 | 32.25 |
| Ram Ratna Wires Ltd | 5 | 40.37 | 15.06 | 15.04 | 14.39 | 110.74 |
About KSH International Limited
KSH International Limited, incorporated in 1979, is India’s third-largest manufacturer and the largest exporter of magnet winding wires. Operating under the ‘KSH’ brand, the company supplies products to leading OEMs across diverse sectors including power, renewable energy, railways, automotive, and industrial applications.
The company’s 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 major public and private sector entities such as PGCIL, NTPC, NPCIL, and RDSO, and exports its products to 24 countries, including the USA, Germany, the UAE, and Japan.
The company operates three manufacturing facilities in Maharashtra—located in Taloja and Chakan—with a combined installed capacity of 29,045 MT per annum. A fourth facility is currently under development in Supa, Ahilyanagar, and is expected to commence operations in Fiscal 2026.
Driven by an in-house R&D and engineering team, KSH International focuses on product innovation, process optimization, and cost efficiency. The company holds key global certifications, including ISO 9001, ISO 14001, ISO 45001, and IATF 16949.
Its commitment to quality and reliability has earned recognition from customers such as Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL.
As of June 30, 2025, the company employs 157 full-time employees.
KSH International IPO Promoters
- 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
- Waterloo industrial park VI private limited
Promoters Holding
Holding Pre Issue
98.40%
Holding Post Issue
0.00%
KSH International IPO Objective
The Company KSH International IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
1. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
2. Funding the capital expenditure requirements of our Company towards
(i) purchasing and setting up of new machinery for expansion at our Supa Facility
(ii) purchasing and setting up of new machinery at Unit 2 in Chakan, Pune in Maharashtra
3. Funding the capital expenditure requirements of our Company towards purchasing and setting up of a rooftop solar power plant for power generation at our Supa Facility
4. General corporate purposes
KSH International Limited Address / Contact Details
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 Snapshot
KSH International IPO Lot Size
The KSH International IPO has a lot size of 39 shares. Retail investors require a minimum investment of ₹14,976 by applying for 1 lot (39 shares). The maximum application allowed for the retail category is 13 lots (507 shares), requiring an investment of ₹1,94,688.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 39 | 14,976.00 |
| Retail (Max) | 13 | 507 | 194,688.00 |
| S-HNI (Min) | 14 | 546 | 209,664.00 |
| S-HNI (Max) | 66 | 2,574 | 988,416.00 |
| B-HNI (Min) | 67 | 2,613 | 1,003,392.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Nuvama Wealth Management Limited
- ICICI Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the KSH International IPO?
KSH International IPO is a Book-building IPO with a total issue size of ₹710 crore. The KSH International IPO price band is ₹365 to 384 per share. The KSH International IPO subscription opens on Tue, Dec 16, 2025, and closes on Thu, Dec 18, 2025. The KSH International IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the KSH International IPO.
When will the KSH International IPO open for subscription?
The KSH International IPO opens on Tue, Dec 16, 2025 and closes on Thu, Dec 18, 2025
What is KSH International IPO Price Band?
KSH International IPO Price Band is ₹365 to 384 per share.
What is KSH International IPO Lot Size?
KSH International IPO lot size is 39 shares, Retail investors need a minimum investment of ₹14976 based on the upper price band
What is the minimum investment for KSH International IPO?
The minimum investment for KSH International IPO is ₹14976, based on one lot of 39 shares at the upper price band of ₹384 per share.
How to apply for KSH International IPO?
Investors can apply for the KSH International IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Dec 18, 2025. The application amount remains blocked until the KSH International IPO allotment is finalized.
What is KSH International IPO Issue Size?
KSH International IPO issue size is ₹710 crores.
What is the KSH International IPO Allotment Date?
KSH International IPO allotment date is Fri, Dec 19, 2025.
Who is the KSH International IPO Registrar?
The registrar for KSH International IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check KSH International IPO allotment status, refund processing, and other IPO-related information.
Who is the KSH International IPO Lead Manager?
The book-running lead managers (BRLMs) for the KSH International IPO are Nuvama Wealth Management Limited, and ICICI Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the KSH International IPO Red Herring Prospectus (RHP).