KSH International IPO Details: Dates, GMP, Allotment, Review & Financials
On December 16, 2025, the KSH International IPO will launch. This will provide investors a chance to buy shares in one of India’s top makers of magnet winding wire. The IPO price range is ₹365 to ₹384 per share, and the total amount of shares offered is ₹710 crore. This includes a new issue of ₹420 crore and an offer for sale (OFS) by promoters worth ₹290 crore. The public offering will end on December 18, and the anchor investor book will open on December 15. The allotment will be finished on December 19, and the listing will take place on December 23, 2025.
IPO Dates and Issue Structure
| Parameter | Details |
|---|---|
| IPO Open Date | December 16, 2025 ​ |
| IPO Close Date | December 18, 2025 ​ |
| Anchor Investor Date | December 15, 2025 ​ |
| Allotment Date | December 19, 2025 ​ |
| Listing Date | December 23, 2025 ​ |
| Price Band | ₹365 – ₹384 per share ​ |
| Face Value | ₹5 per share ​ |
| Issue Size | ₹710 crore ​ |
| Fresh Issue | ₹420 crore ​ |
| Offer for Sale (OFS) | ₹290 crore ​ |
| Market Lot Size | 39 shares ​ |
| Minimum Investment | ₹14,976 (1 lot at upper price) ​ |
Investor Category and Allotment Details
| Investor Category | Shares Offered (%) |
|---|---|
| Anchor Investors | 30% ​ |
| QIB (Qualified Institutional) | 20% ​ |
| NII (Non-Institutional) | 15% ​ |
| Retail (RII) | 35% ​ |
Use of IPO Funds
The fresh issue proceeds will be used to repay debt (₹226 crore), set up new machinery at Supa and Chakan facilities (₹90 crore), install a rooftop solar power plant (₹10.4 crore), and for general corporate purposes.
GMP and IPO Review
KSH International has garnered substantial interest from anchor investors, including Malabar India Fund, which acquired a 1.5% stake for ₹384 per share ahead of the IPO. The Grey Market Premium (GMP) for KSH International is at around ₹40–₹45, which shows that traders are feeling good about the stock. The company’s finances show that it is quite profitable, with a Return on Net Worth (RoNW) of 16.17% and a PAT margin of 22.77%.
Pattern of Promoters Holding
Promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde are offering the IPO. They will sell some of their shares through the OFS part. This lets current stakeholders leave partially while still having control.
Company Information
KSH International Ltd. is a top Indian maker of insulated rectangular and round magnet wrapping wires, continuously transposed conductors (CTC), and other goods. The company was founded in 1981 and is based in Chakan, Pune, Maharashtra. The company has three factories near Mumbai and Pune, and key OEMs like ABB, BHEL, CG Power, GE, Hitachi Energy, Siemens, Toshiba, Power Grid Corporation India Ltd., Nuclear Power Corporation India, State Electricity Boards, NTPC, and NHDC have all given their approval. ​
What the Company Does:
Year of founding: 1981
Headquarters: Chakan, Pune, Maharashtra, India ​
Important items: insulated round and rectangular winding wires, CTC, transposed cables, and high-voltage transformers ​
Some of their biggest clients are ABB, BHEL, CG Power, GE, Hitachi Energy, Siemens, Toshiba, PGCIL, NPCIL, NTPC, and NHDC. ​
Certifications: IATF 16949 (for cars), which shows a dedication to quality ​
Number of employees: about 215 ​
Income: About $13.6 million (about ₹110 crore) ​
Focus on Business
KSH International is an expert at providing wires and cables for motors, transformers, compressors, refrigerators, electric cars, and home appliances. The company is noted for having a large presence in exports and for making tailored solutions for the industrial, power, and consumer durables industries. It has the biggest CTC manufacturing capacity in India and is dedicated to growing its business naturally and creating long-term value. ​
Corporate Structure: Kushal Subbayya Hegde is the founding chairman.
Rajesh Hegde is the Managing Director.
Authorized Share Capital: ₹40 crore
Paid-up Capital: ₹28.41 crore ​
KSH International Ltd. is known for its strong manufacturing skills, global customer base, and attention on quality and innovation in the electrical and industrial sectors.
Company Financials and Valuation
| Financial Metric | Value (FY2024) |
|---|---|
| Earning Per Share (EPS) | ₹6.57 ​ |
| Return on Net Worth (RoNW) | 16.17% ​ |
| Net Asset Value (NAV) | ₹40.65 ​ |
| ROE | 22.77% ​ |
| ROCE | 16.60% ​ |
| Debt/Equity | 1.17 ​ |
| PAT Margin | 22.77% ​ |
| EBITDA Margin | 6.35% ​ |
Peer Company Comparison
| Company Name | Market Cap (approx) | ROE (%) | Debt/Equity | Industry Segment |
|---|---|---|---|---|
| KSH International | ₹2,600 crore ​ | 22.77 | 1.17 | Magnet Winding Wires |
| Crompton Greaves Consumer | ₹10,000 crore | 25.2 | 0.85 | Electrical Equipment |
| Finolex Industries | ₹3,500 crore | 18.5 | 0.70 | Wires & Cables |
| Polycab India | ₹35,000 crore | 28.0 | 0.40 | Wires & Cables |
Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.
