About
KSH International IPO is a book build issue of ₹626.35 crores. The issue is a combination of fresh issue of 1.09 crore shares aggregating to ₹420.00 crores and offer for sale of 0.54 crore shares aggregating to ₹206.35 crores.
KSH International IPO bidding started from Dec 16, 2025 and ended on Dec 18, 2025. The allotment for KSH International IPO was finalized on Dec 19, 2025. The shares got listed on BSE, NSE on Dec 23, 2025.
KSH International IPO price band is set at ₹384 per share. The lot size for an application is 39. The minimum amount of investment required by an retail is ₹14,976 (39 shares) (based on upper price). The lot size investment for sNII is 14 lots (546 shares), amounting to ₹2,09,664, and for bNII, it is 67 lots (2,613 shares), amounting to ₹10,03,392.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to KSH International IPO RHP for detailed Information.
IPO Stock Quote & Charts
IPO Open
Tue, Dec 16, 2025
IPO Close
Thu, Dec 18, 2025
Issue Price
₹384 per share
Market Cap (Pre-IPO)
₹2,601.82 Cr
IPO Details
| IPO Date | 16 to 18 Dec, 2025 |
| Listed on | Tue, Dec 23, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹365 to ₹384 |
| Issue Price | ₹384 per share |
| Lot Size | 39 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,63,11,303 shares (agg. up to ₹626 Cr) |
| Fresh Issue | 1,09,37,500 shares (agg. up to ₹420 Cr) |
| Offer for Sale | 53,73,803 shares of ₹5 (agg. up to ₹206 Cr) |
| Share Holding Pre Issue | 5,68,18,200 shares |
| Share Holding Post Issue | 6,77,55,700 shares |
| BSE Script Code / NSE Symbol | 544664 / KSHINTL |
| ISIN | INE987S01020 |
IPO Timetable
- IPO OpenTue, Dec 16, 2025
- IPO CloseThu, Dec 18, 2025
- AllotmentFri, Dec 19, 2025
- RefundMon, Dec 22, 2025
- Credit of SharesMon, Dec 22, 2025
- ListingTue, Dec 23, 2025
IPO Reservation
KSH International IPO offers total 1,67,82,501 shares. Out of which 83,91,249 (50.00%) allocated to QIB, 28,44,375 (16.95%) allocated to QIB (Ex- Anchor), 25,17,376 (15.00%) allocated to
NII
58,73,876 (35.00%) allocated to RII and 55,46,874 (33.05%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 83,91,249 (50.00%) | NA |
| − Anchor Investor Shares Offered | 55,46,874 (33.05%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,44,375 (16.95%) | NA |
| NII (HNI) Shares Offered | 25,17,376 (15.00%) | NA |
| − bNII > ₹10L | 16,78,250 (10.00%) | 3,073 |
| − sNII < ₹10L | 8,39,126 (5.00%) | 1,536 |
| Retail Shares Offered | 58,73,876 (35.00%) | 1,50,612 |
| Total Shares Offered | 1,67,82,501 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 39 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 39 | ₹14,976 |
| Retail (Max) | 13 | 507 | ₹1,94,688 |
| S-HNI (Min) | 14 | 546 | ₹2,09,664 |
S-HNI (Max) | 66 | 2,574 | ₹9,88,416 |
B-HNI (Min) | 67 | 2,613 | ₹10,03,392 |
IPO Anchor Investors
KSH International IPO raises ₹213.00 crore from anchor investors. KSH International IPO Anchor bid date is December 15, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 15, 2025 |
| Shares Offered | 55,46,874 |
| Anchor Portion (₹ Cr.) | 213.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 17, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 18, 2026 |
About KSH International Ltd.
Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India. KSH International operates under the ‘KSH’ brand and supply to OEMs across sectors like power, renewables, railways, automotive, and industrials.
The company’s key products include round enamelled copper/ aluminium magnet winding wires, paper insulted rectangular copper/ aluminium magnet winding wires, continuously transposed conductors, rectangular enamelled copper/ aluminum magnet winding wires and bunched paper insulated copper magnet winding wires.
KSH International is the approved supplier to major public and private entities such as PGCIL, NTPC, NPCIL, and RDSO, and exports to 24 countries, including the USA, Germany, the 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 development in Supa, Ahilyanagar, expected to begin operations in Fiscal 2026. The in-house R&D and engineering team drives product innovation, process improvements, and cost efficiency and hold key certifications including ISO 9001, ISO 14001, ISO 45001, and IATF 16949.
KSH International is committed to quality and reliability, earning 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 Strength:
- One of the leading manufacturers of magnet winding wires in India, with a comprehensive suite of products used across multiple end-use industries.
- Large, strategically located manufacturing facilities with a focus on advanced technologies and new product and process development.
- Long-standing relationships with our diversified customer base, both domestically and globally.
- Proven track record with necessary certifications and accreditations in an industry which has high barriers to entry.
- Experienced Promoters and Senior Management team.
Company Financials (Restated Consolidated)
KSH International Ltd.’s revenue increased by 39% and profit after tax (PAT) rose by 82% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 793.28 | 744.91 | 482.71 | 359.18 |
| Total Income | 562.60 | 1,938.19 | 1,390.50 | 1,056.60 |
| Profit After Tax | 22.68 | 67.99 | 37.35 | 26.61 |
| EBITDA | 40.28 | 122.53 | 71.46 | 49.90 |
| NET Worth | 321.47 | 298.55 | 230.95 | 193.66 |
| Reserves and Surplus | 293.07 | 270.14 | 225.26 | 187.97 |
| Total Borrowing | 379.39 | 360.05 | 206.81 | 120.35 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain company borrowings | 225.98 |
| 2 | Purchase and setup of new machinery at 2 plants | 87.02 |
| 3 | Purchase and setup of a rooftop solar power plant for power generation at our Supa Facility | 8.83 |
| 4 | General corporate purposes | 76.96 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 22.77 |
| ROCE | 16.60 |
| Debt/Equity | 1.17 |
| RoNW | 22.77 |
| PAT Margin | 3.51% |
| EBITDA Margin | 6.35% |
| Price to Book Value | 7.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.97 | 13.39 |
| P/E (x) | 32.09 | 28.68 |
| Promoter Holding | 98.40% | 71.36% |
| Market Cap | ₹2,601.82 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 available in RHP.
IPO Review
KSH International IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 10 | 0 | 3 | 0 |
| Members | 0 | 0 | 0 | 0 |
KSH International IPO Subscription Status
The KSH International IPO is subscribed 0.87 times on December 18, 2025 6:19:32 PM (Day 3). The public issue subscribed 0.91 times in the retail category, 1.12 times in the QIB category, and 0.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.12 | 36,97,918 | 41,41,956 |
| NII | 0.44 | 27,73,438 | 12,15,240 |
| bNII (bids above ₹10L) | 0.26 | 18,48,958 | 4,73,460 |
| sNII (bids below ₹10L) | 0.80 | 9,24,479 | 7,41,780 |
| Retail | 0.91 | 64,71,354 | 58,78,431 |
| Total | 0.87 | 1,29,42,710 | 1,12,35,627 |
Total Application : 1,15,497
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) | 22.05 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI | 0.32 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.07 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Fees payable to others | 1.33 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.11 |
| 7 | Printing and stationery | 0.01 |
| 8 | Advertising and marketing expenses for the Offer | 0.21 |
| 9 | Fee payable to legal counsels | 5.69 |
| 10 | Miscellaneous | 0.06 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹384.00 | ₹384.00 |
| Open | ₹370.00 | ₹370.00 |
| Low | ₹350.05 | ₹350.00 |
| High | ₹370.00 | ₹370.25 |
| Last Trade | ₹354.55 | ₹355.00 |
Check IPO Performance…
IPO Registrar
MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- kshinternational.ipo@in.mpms.mufg.com
- Visit Website
IPO Lead Manager(s)
- Nuvama Wealth Management Ltd. (Past IPO Performance)
- ICICI Securities Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 20 45053237
- cs.connect@kshinternational.com
- Visit Website
IPO FAQs
KSH International IPO is a main-board IPO of 1,63,11,303 equity shares of the face value of ₹5 aggregating up to ₹626 Crores. The issue is priced at ₹384 per share. The minimum order quantity is 39.
The IPO opens on Tue, Dec 16, 2025, and closes on Thu, Dec 18, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in KSH International IPO using UPI as a payment gateway. Zerodha customers can apply in KSH International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KSH International IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘KSH International IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The KSH International IPO opens on Tue, Dec 16, 2025 and closes on Thu, Dec 18, 2025.
KSH International IPO lot size is 39, and the minimum amount required for application is ₹14,976.
You can apply in KSH International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KSH International IPO will be done on Friday, December 19, 2025, and the allotted shares will be credited to your demat account by Mon, Dec 22, 2025. Check the KSH International IPO allotment status.
The KSH International IPO listing date is on Tue, Dec 23, 2025.
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