KSH International IPO open on December 16, 2025 and the IPO will close on December 18, 2025. KSH International aims to raise ₹710 crore through fresh shares and an offer for sale. This mainboard IPO targets investors interested in the magnet winding wires sector with strong growth potential. The company manufactures essential wires for power, renewables, and automotive industries.
KSH International IPO Overview
| 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 (₹290 Crores) |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
KSH International IPO Date and Timeline
The KSH International IPO subscription starts on December 16, 2025, and ends on December 18, 2025, with bidding cut-off at 5 PM on the final day. Allotment finalizes on December 19, 2025, refunds initiate on December 22, 2025, and shares credit to demat accounts on the same day. Listing occurs on BSE and NSE on December 23, 2025.
| Event | Date |
| IPO Open Date | December 16, 2025 |
| IPO Close Date | December 18, 2025 |
| UPI mandate deadline | December 18, 2025 (5:00 PM) |
| Basis of Allotment | December 19, 2025 |
| Refunds | December 22, 2025 |
| Demat Credit | December 22, 2025 |
| Listing Date | December 23, 2025 |
Issue Size and Structure
The total issue includes 1,84,89,583 shares worth ₹710 crore, split into fresh issue of 1,09,37,500 shares (₹420 crore) and offer for sale of 75,52,083 shares (₹290 crore). Reservation allocates 50% to QIB (excluding anchors), 15% to NII, and 35% to retail. Promoter holding drops from 98.40% pre-issue to about 70% post-issue.
| Type | Shares | Amount |
| Fresh Issue | 1,09,37,500 | ₹420 Cr |
| Offer for Sale | 75,52,083 | ₹290 Cr |
| Total | 1,84,89,583 | ₹710 Cr |
Price Band and Lot Size
Shares carry a face value of ₹5 with a price band of ₹365 to ₹384 per share. Retail investors need a minimum of ₹14,976 for one lot of 39 shares, while maximum retail application covers 13 lots or 507 shares up to ₹1,94,688. Small HNI starts at 14 lots (₹2,09,664), and big HNI at 67 lots (₹10,03,392).
| Application Type | Lot Size | Shares | Amount (Upper Band) |
| Retail Min | 1 | 39 | ₹14,976 |
| Retail Max | 13 | 507 | ₹1,94,688 |
| S-HNI Min | 14 | 546 | ₹2,09,664 |
| B-HNI Min | 67 | 2,613 | ₹10,03,392 |
Reservation and Allocation Structure
KSH International IPO follows SEBI’s standard mainboard allocation rules, where the book-built issue is divided between institutional and non-institutional investors. For this IPO, 50% of the net offer is reserved for QIBs, including mutual funds, insurance companies, and foreign institutional investors. 35% of the net offer is reserved for retail individual investors applying up to ₹2 lakh, and 15% is reserved for non-institutional investors (NII / HNI) applying above ₹2 lakh.
| Investor Category | Reservation Basis |
| QIB (excluding Anchor) | 50% |
| NII / HNI | 15% |
| Retail Individual Investors | 35% |
| Anchor Investors | Part of QIB portion as per regulations |
Promoters Shareholding Pattern
KSH International is promoted by members of the Hegde family and associated family trusts, reflecting tight promoter control before the IPO. The key individual promoters are Mr. Kushal Subbayya Hegde, Mrs. Pushpa Kushal Hegde, Mr. Rajesh Kushal Hegde, Mr. Rohit Kushal Hegde, and Mrs. Rakhi Girija Shetty, along with trusts such as 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 | Percentage |
| Promoter Holding – Pre Issue | 5,68,18,200 | 98.40% |
| Promoter Holding – Post Issue | 6,77,55,700 (total shares) | Reduced but majority stake maintained |
Objects of the Issue and Funds Utilization
The primary objective of the IPO is to strengthen the balance sheet and support capacity expansion and energy efficiency. A major part of the net proceeds is earmarked for repayment or prepayment of certain borrowings of the company, which is expected to reduce finance costs and improve leverage and return ratios.
KSH International proceeds repayment of ₹225.98 crore borrowings, ₹87.02 crore for new machinery at two plants, and ₹8.83 crore for a rooftop solar plant at Supa. Remaining goes to general corporate needs. This supports expansion and debt reduction.
| Purpose | Amount (₹ Cr) |
| Borrowings Repayment | 225.98 |
| New Machinery | 87.02 |
| Solar Plant | 8.83 |
| General Purposes | Balance |
KSH International Financial Performance
Revenue grew from ₹1,056.60 crore in FY23 to ₹1,938.19 crore in FY25, with PAT rising from ₹26.61 crore to ₹67.99 crore. For June 2025 quarter, revenue hit ₹562.60 crore and PAT ₹22.68 crore. Key metrics show ROE at 22.77%, ROCE 16.60%, and debt-to-equity at 1.17.
| Period | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
| FY23 | 1,056.60 | 26.61 | 359.18 |
| FY24 | 1,390.50 | 37.35 | 482.71 |
| FY25 | 1,938.19 | 67.99 | 744.91 |
| Jun 2025 | 562.60 | 22.68 | 793.28 |
Company Background
KSH International began in 1979 and ranks as India’s third-largest magnet winding wires maker and top exporter. It produces enamelled copper/aluminium wires, paper-insulated rectangular wires, and transposed conductors for sectors like power, railways, and renewables. Three facilities in Maharashtra (Chakan and Taloja) hold 29,045 MT annual capacity, with a fourth plant planned in Supa for 2026.
| Founded | 1979 |
| Managing Director | Rajesh Kushal Hegde |
| CEO | Sandesh Bhagwat |
| Organisation | KSH International Limited |
Valuation Metrics
FY25 EPS stands at ₹11.97 basic, with RoNW at 22.77% and NAV ₹52.54. Peers like Precision Wires show EPS ₹5.04 and P/E 50.60, while Ram Ratna Wires has EPS ₹15.06 and P/E 40.37. Post-IPO P/E could reach 28.68 at upper band.
| Metric | Value |
| ROE | 22.77% |
| ROCE | 16.60% |
| PAT Margin | 3.51% |
| EPS (FY25) | ₹11.97 |
| Debt/Equity | 1.17 |
Lead Managers and Registrar
Nuvama Wealth Management and ICICI Securities handle book-running. MUFG Intime India acts as registrar. Anchor bidding occurs on December 15, 2025.
Company: Contact KSH International Ltd. at 20 45053237 or cs.connect@kshinternational.com for queries.
IPO Registrar: Contact MUFG Intime India Private Limited at 22-4918-6270 or kshinternational.ipo@in.mpms.mufg.com for queries.
KSH International IPO FAQs
What is KSH International IPO?
It is a mainboard IPO of KSH International Ltd to raise about ₹710 crore, with shares priced in the ₹365-₹384 band and proposed listing on BSE and NSE, targeting growth in power and renewables markets.
When will KSH International IPO open and close?
The IPO subscription window is from December 16, 2025 to December 18, 2025.
How can investors apply for KSH International IPO?
Investors can apply via ASBA through internet banking or UPI-based applications on broker platforms, or by submitting an IPO form through their broker.
What is the total issue size of KSH International IPO?
The total issue size is approximately ₹710 crore, including fresh issue and offer for sale.
What is the price band for KSH International IPO?
The price band has been set at ₹365 to ₹384 per equity share.
What is the minimum lot size in KSH International IPO?
The minimum application is for 1 lot of 39 shares, costing about ₹14,976 at the upper band.
When is the allotment date for KSH International IPO?
The basis of allotment is scheduled to be finalized on December 19, 2025.
When will KSH International IPO list on the stock exchanges?
The shares are expected to list on BSE and NSE on December 23, 2025.
Disclaimer: This article is provided only for educational and informational purposes. References to securities or investments do not serve as advice or recommendations. We are not SEBI registered. Investors must perform their own research or consult a qualified financial advisor before any investment decisions.