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KSH International IPO
Price Band
₹365.0–384.0
Issue Size
₹626.35 Cr
Lot Size
39 shares
Min Investment
₹14,976
GMP
₹-2.0 (-0.52%)
Issue Price
₹384.0
KSH International IPO AI Summary
- KSH International IPO is listed on BSE, NSE in the Aluminium, Copper & Zinc Products sector.
- Price band: ₹365.0–₹384.0 per share, lot size 39 shares (min. investment ₹14,976).
- Subscription window: 16 Dec–18 Dec 2025, listing on 23 Dec 2025.
- Current GMP is ₹-2.0 (-0.52%), an estimated listing price of ₹382 — unofficial and can change daily.
KSH International Limited is set to launch its IPO with a price band of ₹365.0 to ₹384.0, aiming to raise ₹626.35 Cr. The company has shown strong revenue growth and maintains a solid position in the magnet winding wire industry. Investors should consider the associated risks and their own investment strategies before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
KSH International IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Dec 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
KSH International IPO Grey Market Premium (GMP) Today
GMP
₹-2.0
GMP %
-0.52%
Est. Listing
₹382.0
Updated: 25 Jul 2026 14:15
About the Company
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 (₹ Cr)
As of 2025-06-30
| 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 |
Key Ratios
EPS
₹11.97
NAV
₹52.54
ROE
22.77%
ROCE
16.60%
RoNW
22.77%
P/B Value
7.31
P/E Ratio
32.09
Market Cap
₹2601.82 Cr
PAT Margin
3.51%
Debt/Equity
1.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ram Ratna Wires Limited | 110.74 | 14.39% | 40.37 | 15.06 | 15.04 |
| Precision Wires India Limited | 32.25 | 15.63% | 50.6 | 5.04 | 5.04 |
| KSH International Limited This IPO | 52.54 | 22.77% | — | 11.97 | 11.97 |
Promoters
Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, Rohit Kushal Hegde, Rakhi Girija Shetty, Dhaulagiri family trust, Everest family trust, Makalu family trust, Broad family trust, Annapurna family trust, Kanchenjunga family trust and Waterloo industrial park VI Pvt.Ltd.
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 Supa Facility 8.83 4 General Corporate Purposes 76.96 5 Issue Expenses 34.87 Total 433.65
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,056.60 Cr in the year ending 31 Mar 2023, rising to ₹1,390.50 Cr by 31 Mar 2024, and further increasing to ₹1,938.19 Cr by 31 Mar 2025. However, the most recent figure of ₹562.60 Cr as of 30 Jun 2025 is a 9-month figure and not directly comparable to the previous full fiscal years.
Profit Trend
Profit after tax was ₹26.61 Cr in the year ending 31 Mar 2023, increasing to ₹37.35 Cr by 31 Mar 2024, and further rising to ₹67.99 Cr by 31 Mar 2025. The most recent profit figure of ₹22.68 Cr as of 30 Jun 2025 is also a 9-month figure, making it not directly comparable to the prior full years.
Valuation
KSH International's implied P/E at the issue price of ₹384.0 is approximately 32.09, while peers are trading at a P/E range of 40.37 to 50.6.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares before they are officially listed on the stock exchange. A positive GMP indicates higher demand, while a negative GMP suggests lower demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their individual risk tolerance and investment goals. It's essential to consider the company's fundamentals, market conditions, and personal financial situation.
Who May Want to Wait
Investors who prefer stable, low-risk investments or those who are averse to the potential volatility associated with IPOs may want to avoid this offering. It's important to assess one's risk appetite before considering participation.
IPO Timeline, Explained
The IPO opens for subscription on 16 December 2025 and closes on 18 December 2025. Allotment of shares will be finalized by 19 December 2025, with the listing expected on 23 December 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may see significant listing gains, others may not perform as expected, leading to potential losses.
This evaluation is generated from KSH International's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is KSH International IPO GMP today?
KSH International IPO GMP today is ₹-2.0 (-0.52%), indicating an estimated listing price of ₹382. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of KSH International IPO?
The price band of KSH International IPO is ₹365.0–₹384.0 per share.
When does KSH International IPO open and close?
KSH International IPO opens on 16 December 2025 and closes on 18 December 2025.
When does KSH International IPO list on the stock exchange?
KSH International IPO listed on 23 December 2025 at ₹382.0.
What is the lot size for KSH International IPO?
The lot size for KSH International IPO is 39 shares, requiring a minimum investment of ₹14,976.
What is the price band for the KSH International IPO?
The price band for the KSH International IPO is ₹365.0 to ₹384.0.
What is the minimum investment required?
The minimum investment required is ₹14,976.0.
What is the lot size for this IPO?
The lot size for the KSH International IPO is 39 shares.
When is the listing date for the IPO?
The listing date for the KSH International IPO is 23 December 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand and supply in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Dec 2025
Close
18 Dec 2025
Allotment
19 Dec 2025
Listing
23 Dec 2025
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