KSH International Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹365 - ₹384
- Lot size
- 39 shares
- Issue amount
- ₹710 cr
- Total subscription
- 0.87×
- Opens
- 16 Dec 2025
- Closes
- 18 Dec 2025
- Allotment
- 19 Dec 2025
- Listing
- 23 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 1,84,89,583 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,235
- Fresh issue
- ₹420 cr
- Offer for sale
- ₹290 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,976
- Issue type
- Bookbuilding IPO
- Shares before issue
- 5,68,18,200
- Shares after issue
- 6,77,55,700
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 39 | ₹14,976 |
| sHNI | 14 | 546 | ₹2,09,664 |
| bHNI | 67 | 2,613 | ₹10,03,392 |
Share reservation
Subscription & GMP
Subscription by category
Reported 18 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,65,932 | 1,16,144 |
| HNIs(10L +) | 3,386 | 159 |
| HNIs (2-10L) | 1,693 | 1,191 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 142 | 159.05 |
| FIIs | 0 | 30.5 |
| FIs | 0 | 5 |
| Mutual Funds | 0 | 106.99 |
| Others | 0 | 16.56 |
| RETAIL | 248.5 | 225.73 |
| NIB | 106.5 | 46.67 |
| HNIs 2+ | 35.5 | 28.48 |
| HNIs 10+ | 71 | 18.18 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 3.99 | 11.97 | 6.57 |
| ROE | 7.06 | 22.77 | 16.17 |
| ROCE | 5.26 | 16.6 | 14.15 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 32.09 | 0 |
| POST IPO(PE) | 28.68 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| KSH International Limited | 0 | 0 | 0 | 52.54 | 22.77 | 11.97 |
| Precision Wires India Limited | 50.60 | 0 | 0 | 32.25 | 15.63 | 5.04 |
| Ram Ratna Wires Limited | 40.37 | 0 | 0 | 110.74 | 14.39 | 15.06 |
Company information
Company profile
Incorporated in 1979, KSH International Limited is India’s third-largest manufacturer and the largest exporter of magnet winding wires, supplying OEMs across power, renewables, railways, automotive, and industrial sectors under the ‘KSH’ brand. Its product range includes round and rectangular enamelled copper/aluminium magnet wires, paper-insulated wires, continuously transposed conductors, and bunched paper-insulated copper wires. The company is an approved supplier to major entities such as PGCIL, NTPC, NPCIL, and RDSO, and exports to 24 countries including the USA, Germany, the UAE, and Japan. With three manufacturing facilities in Maharashtra offering a combined annual capacity of 29,045 MT and a fourth plant under development in Supa, Ahilyanagar for Fiscal 2026, KSH International leverages strong in-house R&D and holds key global certifications like ISO 9001, ISO 14001, ISO 45001, and IATF 16949. Known for quality and reliability, it has received awards from customers such as Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL, and had 157 full-time employees as of June 30, 2025.
Strengths
- Leading Manufacturer: Offers a wide range of magnet winding wires, serving multiple industries with strong domestic and global presence.
- Advanced Manufacturing Setup: Strategically located, modern facilities that support efficient production, innovation, and future expansion.
- Strong Customer Relationships: Trusted by major PSUs and global OEMs, ensuring stable and recurring demand.
Risk factors
- High Customer Concentration: Over 50% of revenue comes from the top 10 customers, so losing even one key client could affect business performance.
- Limited Supplier Base: More than 95% of raw materials come from the top 10 suppliers, and without long-term contracts, the supply chain remains vulnerable.
- Raw Material Price Risk: Copper and aluminium are key inputs; any shortage or price increase can impact margins, pricing, and production stability.
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
Registrar & documents
Lead manager
Nuvama Wealth Management Limited, ICICI Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
11/3, 11/4 and 11/5 Village Birdewadi Chakan Taluk Khed Pune, Maharashtra, 410501
+91 20 45053237
[email protected]Company website ↗Understanding KSHINTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.