KSH INTERNATIONAL IPO
Dhan Kirti presents a detailed overview of the KSH International IPO, an upcoming opportunity in the industrial manufacturing sector. KSH International Limited, a prominent manufacturer of magnet winding wires, is poised to launch its initial public offering. This comprehensive guide provides crucial details, helping investors make informed decisions.
With a strong domestic and global presence, driven by integrated manufacturing capabilities and a diversified product portfolio, KSH International has established itself as a key player. Understanding its business, financial health, and market positioning is essential for prospective investors. Let’s explore the specifics of this offering.
KSH International IPO: At a Glance
| IPO Period | 16th – 18th Dec 2025 |
|---|---|
| Listing on | 23 Dec 2025 |
| Price Band | ₹365 – ₹384 per equity share |
| Lot Size & Minimum Investment | 39 shares for INR 14,976 |
| Total Issue Size | INR 710 Crores |
Important Dates for KSH International IPO Participants
- Opening Date: 16 Dec 2025
- Closing Date: 18 Dec 2025
- UPI Payment Deadline: 18 Dec 2025 (5 PM)
- Allotment Announcement: 19 Dec 2025
- Refund Processing: 22 Dec 2025
- Demat Credit: 22 Dec 2025
- Stock Market Listing: 23 Dec 2025
- Mandate Validity End: 02 Jan 2026
- Anchor Investor Lock-in Release (50%): 18 Jan 2026
- Anchor Investor Lock-in Release (Remaining): 18 Mar 2026
*Dates may be revised as per official updates.
Exploring KSH International: A Deeper Look
KSH International Limited, originally founded as a private company, is a leading manufacturer of magnet winding wires, critical for various industrial applications. The company operates integrated manufacturing facilities in Pune, producing both standard and specialized magnet winding wires.
Operating on a Business-to-Business (B2B) model, KSH International targets Original Equipment Manufacturers (OEMs) and large industrial customers. Its product range serves diverse sectors including power, renewable energy, appliances, automotive, railways, and industrial equipment. This wide application base underscores the essential nature of its products across key economic segments.
Promoted by Kushal Subbayya Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde, the company benefits from experienced leadership and an expanding sales network across India, North America, Europe, and Brazil. KSH International is recognized for its advanced manufacturing, strong export capabilities, and high-quality certifications.
Understanding the KSH International IPO Issue Structure
The KSH International IPO aims to raise a total of INR 710 Crores, comprising both a fresh issuance of equity shares and an Offer for Sale (OFS) by existing shareholders.
| Total Funds Raised | INR 710 Crores |
|---|---|
| Fresh Issue Component | INR 420 Crores |
| Offer for Sale Component | INR 290 Crores |
Proceeds from the Fresh Issue will directly fund KSH International’s growth initiatives and strategic objectives. The company has a proven track record of consistent revenue and EBITDA growth, with this IPO supporting further investment in technology, capacity expansion, and new product development to drive long-term profitability.
Deployment of Capital: KSH International’s Growth Strategy
KSH International Limited plans to strategically deploy the net proceeds from the Fresh Issue to strengthen its financial position and expand operational capabilities. The utilization reflects a commitment to enhancing efficiency, reducing debt, and investing in sustainable growth.
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Repayment/prepayment of outstanding borrowings | 225.98 | 53.81% |
| Purchase & setup of new machinery at two plants | 87.02 | 20.72% |
| Rooftop solar power plant at Supa Facility | 8.83 | 2.10% |
| General corporate purposes | 98.17 | 23.37% |
Over 53% of funds are for debt reduction, aiming to strengthen the balance sheet. Investment in new machinery will boost production capacity. Allocation for a rooftop solar plant demonstrates commitment to sustainable energy. Remaining funds provide flexibility for strategic initiatives and working capital.
Distinctive Advantages of KSH International
KSH International Limited’s competitive strengths underpin its market leadership and growth potential within the magnet winding wire industry.
- **Leading Manufacturer with Comprehensive Product Suite:** As one of India’s foremost manufacturers, KSH International offers an exhaustive range of magnet winding wires, catering to diverse industry requirements.
- **Diversified Portfolio for Multiple End-Use Industries:** Its product portfolio serves a wide spectrum of sectors, mitigating reliance on any single industry and enabling strong cross-selling.
- **Critical Applications Across Key Sectors:** Products are integral to power, renewables, automotive, industrials, railways, and appliances, ensuring consistent demand.
- **Strategically Located Manufacturing Facilities:** Large, strategically located facilities with significant installed capacity, coupled with ongoing expansion, meet growing market demands.
- **Strong Export Presence and Market Leadership:** KSH International is the largest exporter of magnet winding wires from India in FY25, highlighting its global competitiveness.
Key Considerations and Potential Risks
Prospective investors should be aware of certain risk factors that could influence KSH International’s performance.
- **High Dependence on Top Customers:** A significant portion of revenue comes from a few top customers. Disruptions with these key clients could impact financial performance.
- **Exposure to Raw Material Price Volatility:** Heavy reliance on copper and aluminium makes the company vulnerable to price fluctuations, directly affecting costs and profit margins.
- **Operational Hazards in Manufacturing Facilities:** Risks like equipment failure, fire, and accidents could lead to production disruptions and financial losses.
- **Adequacy of Insurance Coverage:** Existing insurance might not fully cover all potential losses from major unforeseen circumstances, exposing the company to uninsured liabilities.
- **Differences in Accounting Standards:** Variances between Ind AS and other international accounting standards may affect global investors’ interpretation of financials.
Live Subscription Status for KSH International IPO
Tracking subscription figures offers insights into market interest for the IPO. The latest available statistics are presented below:
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 36.98 | 0.02 | 0x |
| Non-Institutional Investors (NII) | 27.73 | 3.69 | 0.13x |
| Retail Individual Investors (RII) | 64.71 | 31.64 | 0.49x |
| Total | 129.43 | 35.35 | 0.27x |
*GMP figures are unofficial and may vary; exchange data is more reliable.
Participating in the KSH International IPO
The KSH International IPO provides an opportunity to invest in a well-established manufacturer in a critical industrial segment. Investors are encouraged to conduct their own due diligence.
Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes. Ensure your application is completed well before the deadline.
