KSH International Ltd IPO

KSH International Ltd IPO

The Company is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025. The Company is also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2025. Its 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. Its products are critical components of capital goods such as transformers, motors, alternators and generators.

KSH International Ltd IPO Details

Total Shares Offered

₹ 1,84,89,583

Offer to Public

75,52,083

Retail Max (Shares)

₹ 64,71,354

Pre Issue Promoters Holding

₹ 5,59,06,742

Exchange

BSE

Issue size

₹ 710 Cr

IPO Open Date

Dec 16, 2025

Close Date

Dec 18, 2025

Lot Size

39

Min Investment

₹ 14,235

Issue Type

Book Building

Listing Date

Dec 23, 2025

KSH International Ltd IPO Dates

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Dec 16, 2025
Opening date
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Dec 18, 2025
Closing date
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Dec 19, 2025
Basis of Allotment
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Dec 22, 2025
Initiation of Refunds
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Dec 22, 2025
Credit of Shares
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Dec 23, 2025
Listing date

Details

SectorType
SectorMining
Sub SectorMinerals
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

KSH International Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations104.4361.5743.66
EBITDA118.4372.5251.85
PAT67.9937.3526.61
Total Assets476.84328.91237.27
Share Capital28.415.685.68
Total Borrowings376.05203.67131.91
Operating Activities (Net Cash)81.9948.3034.80
Investing Activities (Net Cash)-107.76-7.42-9.42
Financing Activities (Net Cash)376.05203.67131.91
Net Cashflow11.0117.766.82

About KSH International Ltd

The Company was originally incorporated as Bhandary Metal Extrusion Private Limited under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 30, 1979, issued by the Registrar of Companies, Maharashtra at Bombay. Subsequently, the name of the Company was changed from Bhandary Metal Extrusion Private Limited to KSH International Private Limited pursuant to a resolution dated June 1, 1996 passed by its Board and a resolution dated June 24, 1996 passed by its shareholders, post which a fresh certificate of incorporation dated July 4, 1996 was issued by Registrar of Companies Maharashtra at Mumbai pursuant to change of name under the Companies Act, 1956. Further, pursuant to a special resolution passed by its Shareholders on January 13, 2011 which was confirmed by an order of the regional director dated August 16, 2011, the registered office of the Company was shifted from the jurisdiction of Registrar of Companies, Maharashtra at Mumbai to the jurisdiction of the Registrar of Companies, Maharashtra at Pune, and a certificate of registration of the order of regional director confirming transfer of the registered office within the same state was issued to us on October 13, 2011, by the RoC. On the conversion of the Company from a private limited company to a public limited company, pursuant to a resolution passed by our Board on December 11, 2024 and a special resolution passed by its Shareholders on December 19, 2024, the name of the Company was changed to KSH International Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on January 20, 2025.

As per the CARE Report, the electric wires and cables market in India is experiencing robust growth, fueled by a confluence of factors that are reshaping the industrial and technological landscape of the nation. Electric wires and cables play a pivotal role in supporting various industries, including electrical equipment, telecommunications, motor vehicles, and construction. India's electric wires and cables market was valued at USD 19.68 billion in CY24, reflecting a CAGR of 6.08% from CY19 to CY24. The market is projected to reach USD 29.85 billion by CY28, expanding at a CAGR of 10.98% from CY24 to CY28.

The Company is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025. The Company is also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2025. Its 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. Its products are critical components of capital goods such as transformers, motors, alternators and generators.

Peer Comparison:

  • Precision Wires India Limited
  • Ram Ratna Wires Limited

KSH International Ltd Key Points

Strengths

The Company is one of the leading manufacturers of magnet winding wires in India with a comprehensive suite of products used across multiple end use industries.

The Company has large, strategically located, manufacturing facilities with focus on advanced technologies and new product and process development.

The Company has long standing relationships with its diversified customer base both domestically as well as globally.

The Company has a proven track record necessary certifications and accreditations in an industry which has high barriers to entry.

The Company has a track record of financial performance and consistent growth.

Risk

The company depends on certain customers for a significant portion of the revenue from operations. Its top 10 customers contributed to 53.97%, 52.54%, 57.10% and 58.99% of the revenue from operations for the three-month period ended June 30, 2025, and Fiscals 2025, 2024 and 2023, respectively. Any decrease in demand from such customers, the loss of such customers or its inability to diversify the customer base could have an adverse effect on its business, results of operations, financial condition and cash flows.

The company business is dependent on suppliers to procure its raw materials (top 10 suppliers contributed to 98.91%, 98.45%, 96.93% and 98.58% of the total cost of raw materials and components purchased for the three-month period ended June 30, 2025, and Fiscals 2025, 2024, and 2023, respectively). The company has not entered into long-term agreements with these suppliers, and any loss of suppliers or interruptions in the timely delivery of raw materials or volatility in their prices could have an adverse impact on the company business, financial condition, cash flows and results of operations.

Any shortfall in the supply or availability of raw materials including aluminium or copper, which are the company primary raw materials (and copper also being its principal raw material), or insulating materials, such as enamel and paper, or an increase in its such material costs, or other input costs, may adversely affect the pricing and supply of the company products and have an adverse effect on its business, results of operations and financial condition.

Strategy

Increase focus on higher value-added critical products, focusing on high value segments and launching new products.

Increasing its presence in international markets and expand its global reach.

Increasing wallet share of its existing customers.

Continue to focus on improving operating efficiencies through scale and backward integration.

Becoming a more sustainable partner to its customers.

How To Apply for KSH International Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the KSH International Ltd IPO?

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KSH International Ltd's IPO offers shares for up to 420 It begins on Dec 16, 2025 and ends on Dec 18, 2025.

What is the price of the KSH International Ltd IPO?

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The price of KSH International Ltd IPO ranges between ₹365 to ₹384 per share.

What are the open and close dates for the KSH International Ltd IPO?

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The KSH International Ltd IPO opens on Dec 16, 2025 and closes on Dec 18, 2025.

When will the KSH International Ltd IPO be allotted?

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The allotment for the KSH International Ltd IPO will be finalised on Dec 19, 2025. The shares will be listed on BSE and NSE on Dec 23, 2025.

What is the minimum lot size required for KSH International Ltd IPO?

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The minimum lot size for KSH International Ltd IPO is 39 shares, priced between ₹365 to ₹384 per share.

What is the GMP of KSH International Ltd IPO?

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The GMP (Grey Market Premium) of KSH International Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of KSH International Ltd IPO?

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To check the allotment status of KSH International Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the KSH International Ltd IPO getting listed?

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The KSH International Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 16, 2025, and closes on Dec 18, 2025. The allotment is finalised on Dec 19, 2025.

How do you apply for the KSH International Ltd IPO?

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To apply for the KSH International Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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