- Price band
- To be announcedNot in this filing
- Issue size
- ₹710 Cr
- Face value
- ₹5per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesThu, 2025
- AllotmentFri, 2025
- ListingTue, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹5
- Listing at
- NSE, BSE
- RHP date
- 10 Dec 2025
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | — |
| Non-institutional investors (NII) | — | — | — |
| Qualified institutional buyers (QIB) | — | — | — |
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2025, pre-issue- EPS (basic)
- ₹11.97
- EPS (diluted)
- ₹11.97
- RoNW
- 22.77%
- NAV per share
- ₹52.54
- P/E (Industry peer average)
- 45.48×
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20253 months | 31 Mar 202512 months | 31 Mar 202412 months | 31 Mar 202312 months |
|---|---|---|---|---|
| Revenue from operations | 558.71 | 1,928.29 | 1,382.82 | 1,049.46 |
| Total income | 562.60 | 1,938.19 | 1,390.50 | 1,056.60 |
| EBITDA | 40.28 | 122.53 | 71.46 | 49.90 |
| Profit after tax | 22.68 | 67.99 | 37.35 | 26.61 |
| Net worth | 321.47 | 298.55 | 230.95 | 193.66 |
| Reserves and surplus | 293.07 | 270.14 | 225.26 | 187.97 |
| Total assets | 793.28 | 744.91 | 482.71 | 359.18 |
| Total borrowing | 379.39 | 360.05 | 206.81 | 120.35 |
12 months vs 12 months: revenue +39.4%, profit after tax +82.0%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 10 Dec 2025Updated
About the company
The company manufactures magnet winding wires and related conductors used in transformers, motors, alternators and generators. It sells mainly to OEMs and exports to many countries, and is part of the KSH group.
- Incorporated
- 1979
- Industry
- Magnet Winding Wires Manufacturing
- CIN
- U28129PN1979PLC141032
- Website
- kshinternational.com
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Waterloo Industrial Park VI Private Limited | Promoter | — | — |
| Everest Family Trust | Promoter | 0.00% | — |
| Makalu Family Trust | Promoter | 0.00% | — |
| Broad Family Trust | Promoter | 0.00% | — |
| Annapurna Family Trust | Promoter | 0.00% | — |
| Kanchenjunga Family Trust | Promoter | 0.00% | — |
| Rakhi Girija Shetty | Promoter | 0.00% | — |
| Dhaulagiri Family Trust | Promoter | 0.00% | — |
| Kushal Subbayya Hegde | Selling shareholder | 47.00% | — |
| Rajesh Kushal Hegde | Selling shareholder | 19.20% | — |
| Rohit Kushal Hegde | Selling shareholder | 19.20% | — |
| Pushpa Kushal Hegde | Selling shareholder | 13.00% | — |
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Prepayment or repayment of certain bank borrowings | 225.98 |
| Capex for new machinery at Supa facility and Unit 2 Chakan | 87.02 |
| Capex for rooftop solar power plant at Supa facility | 8.83 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Precision Wires India Limited | ₹5.04 | 50.60× | 15.63% | ₹32.25 |
| Ram Ratna Wires Limited | ₹15.06 | 40.37× | 14.39% | ₹110.74 |
| KSH International LimitedIssuer | ₹11.97 | — | 22.77% | ₹52.54 |
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Ranked third largest magnet winding wire maker in India by production capacity in Fiscal 2025 per the CARE report.
- Largest exporter of magnet winding wires from India by export revenue in Fiscal 2025.
- Diversified product range serving transformers, motors, generators and other end-use industries.
- Approvals from major power utilities and PSUs for use of its products in transformers and reactors.
- Revenue and profit grew over Fiscal 2023 to Fiscal 2025.
Risks
- Top 10 customers account for over half of revenue, and there are no long-term supply agreements with most of them.
- Top 10 suppliers provide almost all raw material purchases with no long-term contracts, exposing the company to copper and aluminium price and supply risk.
- About 72% of revenue comes from the power sector, so sector slowdowns would hurt demand.
- Parts of the capex funded from the offer have not yet been ordered, risking delays and cost overruns.
- Net debt is high relative to equity and EBITDA, and the company has a large borrowing base.
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Contacts
Source: Red Herring Prospectus dated 10 Dec 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 10 Dec 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the KSH International IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 16 December 2025 and closes on Thursday, 18 December 2025. These dates are tentative.
What is the KSH International IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will KSH International shares list?
On NSE and BSE. The tentative listing date is Tuesday, 23 December 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the KSH International IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 19 December 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹225.98 Cr for prepayment or repayment of certain bank borrowings, ₹87.02 Cr for capex for new machinery at Supa facility and Unit 2 Chakan, ₹8.83 Cr for capex for rooftop solar power plant at Supa facility, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.