KSH International IPO : GMP, Price, Analysis, And Details

KSH International IPO - Company Analysis

KSH International IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 710 Cr by KSH International Ltd., and is India's biggest exporter and third-largest producer of magnet wrapping wires. Operating under the "KSH" brand, KSH International supplies OEMs in a variety of industries, including electricity, renewable energy, railroads, automobiles and industrials.

Round enamelled copper/aluminum magnet winding wires, rectangular enamelled copper/aluminum magnet winding wires, paper-insulated rectangular copper/aluminum magnet winding wires, continuously transposed conductors, and bunched paper-insulated copper magnet winding wires are among the company's principal products.

KSH International IPO Details

The KSH International Ltd IPO open date is from Dec 16 to Dec 18, with IPO allotment on Dec 19, refund initiation on Dec 22, 2025.

The Rs. 710 Cr mainline IPO comprises a combination of fresh issue of 1.09 crore shares (Rs. 420 Cr) and offer for sale of 0.76 crore shares (Rs. 290 Cr).

The KSH International IPO listing date might be on Tuesday, 23 December 2025, and it will be listed at the BSE and NSE. The KSH International IPO price band is Rs. 365 to Rs. 384 for each Share. 

Events	Date
IPO Opening Date	December 16, 2025
IPO Closing Date	December 18, 2025
IPO Allotment Date	December 19, 2025 (Tentative)
Refund Initiation	December 22, 2025 (Tentative)
Tentative IPO Listing Date	December 23, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

Company Financial 

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	744.91	482.71	359.18
Total Income	1,938.19	1,390.50	1,056.60
PAT	67.99	37.35	26.61
EBITDA	122.53	71.46	49.90
Net Worth	298.55	230.95	193.66
Reserves & Surplus	270.14	225.26	187.97
Total Borrowing	360.05	206.81	120.35

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	(97.74)	(172.32)	620.89
Net Cash Flow Investing Activities	(1,183.62)	(388.09)	(199.87)
Net Cash Flow Financing Activities	1,228.91	674.32	(406.07)

 

Revenue Bifurcation 

(Source RHP)

The Objective of The Issue

• Repayment of certain company borrowings. ~ Rs. 225.98 Cr.

• Purchase and setup of new machinery at 2 plants. ~ Rs. 87.02 Cr.

• Purchase and setup of a rooftop solar power plant for power generation at its Supa Facility. ~ Rs. 8.83 Cr.

Click to check the IPO application status.

Listed Peers of KSH International Ltd.

Company Name	Face Value (₹)	EPS (₹)	P/E (x)
Precision Wires India Limited	1	5.04	50.60
Ram Ratna Wires Limited	5	15.06	40.37

 

Valuation

KPI	Values
ROE	22.77%
ROCE	16.60%
Debt-to-Equity	1.17
RoNW	22.77%
PAT Margin	3.51%
EBITDA Margin	6.35%
Price to Book Value	7.31

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs. 384 corresponds to a P/E multiple of 32.08x based on FY25 EPS of Rs. 11.97.

Explore the Orkla India IPO.

IPO's Strengths

• One of the top producers of magnet wrapping wires in India, offering a wide range of goods utilized in various end-use industries.

• Large, well-located production facilities that prioritize the development of new products and processes as well as cutting-edge technologies.

• Enduring connections with our wide range of domestic and international clients.

• A track record of success with the required certificates and accreditations in a field with high entry barriers.

IPO Weaknesses

• The price and availability of its product could be negatively impacted by any shortage in the supply or availability of raw materials like copper or aluminum such as paper and enamel.

• A significant amount of its income comes from the selling of specialty magnet winding wires. Any decline in the market for its main items would significantly harm the company.

• Its manufacturing facilities play a major role in its operations. Any interruption or closure of its production facilities could significantly worsen its financial situation.

KSH International IPO GMP 

KSH International IPO GMP today has not started yet as of 12 Dec 2025.

KSH International Limited IPO Summary

IPO Opening & Closing Date	Dec 16, 2025 to Dec 18, 2025
Face Value	Rs. 5 per Share
Issue Price	Rs. 365 to Rs. 384
Lot Size	39 Shares
Issue Size	1,84,89,583 Shares (Rs. 710 Cr)
Offer for Sale	75,52,083 Shares (Rs. 290 Cr)
Fresh Issue	1,09,37,500 Shares (Rs. 420 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

KSH International IPO Lot Size

The KSH International Ltd. IPO allows retail investors to invest in a minimum and maximum of 1 Lot (39 Shares) amounting to Rs. 14976 and 13 Lots (507 Shares) amounting to Rs. 194688, respectively, while for S-HNI investors, the minimum Lot is 14 (546 Shares) amounting to Rs. 209664.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

KSH International IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

KSH International IPO Allotment Status

To check the KSH International IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of KSH International  Ltd.

• Mr. Kushal Subbayya Hegde

• Mrs. Pushpa Kushal Hegde

• Mr. Rajesh Kushal Hegde

• Mr. Rohit Kushal Hegde

• Mrs. Rakhi Girija Shetty

• Dhaulagiri family trust

• Everest family trust

• Makalu family trust

• Broad family trust

• Annapurna family trust

• Kanchenjunga family trust

• Waterloo industrial park VI private limited.

Pre-Issue Promoter Shareholding	98.40%
Post-Issue Promoter Shareholding	71.37%

 

KSH International IPO Lead Managers

• Nuvama Wealth Management Ltd.

• ICICI Securities Ltd.

 

Dividend Policy

The company has not paid a dividend during the last three years during the past three financial years.

 

 

Conclusion

Investors can gain exposure to one of India's top producers of magnet wire with robust financial growth and high entry barriers through the KSH International IPO. However, there are hazards associated with things like plant dependence and the volatility of raw material prices. The company has strong ROE, growing capacity and industry demand visibility.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.