Minimum Investment
About Company
Company Name: KSH International Limited
Industry / Sector: Electrical Equipment / Magnet Winding Wires
Founded Year: 1981
Promoters: Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, Rohit Kushal Hegde
KSH International Limited is one of India's leading manufacturers of magnet winding wires used in transformers, motors, generators, and electrical equipment. The company supplies products to sectors such as power, renewable energy, automotive, railways, and industrial manufacturing, and exports to over 24 countries.
IPO Basic Details
| Company Name | KSH International Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹365 – ₹384 |
| Lot Size | 39 |
| Total Issue Size | ₹644.45 Cr |
IPO Strengths & Risks
Strengths
- Third-largest magnet winding wire manufacturer in India
- Largest exporter in its segment
- Strong client base including PSU companies
- Presence in high-growth sectors like EVs and renewables
Risks
- Dependence on copper and aluminium price fluctuations
- High working capital requirements
- Customer concentration risk
- Cyclical demand from power and industrial sectors
IPO Important Dates
| IPO Open Date | 16 Dec 2025 |
| IPO Close Date | 18 Dec 2025 |
| Basis of Allotment | 19 Dec 2025 |
| Refund Initiation | 20 Dec 2025 |
| Demat Credit Date | 22 Dec 2025 |
| Listing Date | 23 Dec 2025 |
| Anchor Investor Date | 15 Dec 2025 |
| UPI Mandate Deadline | 18 Dec 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – ₹90 Cr for machinery and plant expansion
- Funding working capital requirements – -
- Debt repayment – ₹225.98 Cr
- General corporate purposes – Remaining amount
Investor Reservation
| QIB Quota | 50% |
| Retail Quota | 35% |
| HNI Quota | 15% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 39 | ₹14,976 |
| Retail Maximum | 13 lots | 507 | ₹1,94,688 |
| S-HNI Minimum | 14 lots | 546 | ₹2,09,664 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 67 lots | 2613 | ₹10,03,392 |
Key Performance Indicators (KPI)
| ROE | 18% |
| ROCE | 20% |
| RoNW | 18% |
| PAT Margin | 3.5% |
| EBITDA Margin | 7% |
| EPS | ₹10.02 |
| NAV per share | ₹56 |
| Debt to Equity | 0.8 |
| P/E Ratio | 38.3x |
| Industry P/E | 30x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹1,200 Cr | ₹1,390 Cr | ₹37 Cr | ₹90 Cr | ₹300 Cr | ₹480 Cr |
| 31 Mar 2024 | ₹1,500 Cr | ₹1,938 Cr | ₹67.99 Cr | ₹130 Cr | ₹380 Cr | ₹519 Cr |
Grey Market Premium
| GMP Price | ₹0 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Dec 2025 |
| Estimated Listing Price | ₹384 |
IPO Subscription Data
| Total Subscription | 0.83x |
| QIB (Ex Anchor) | 1.06x |
| HNI Subscription | 0.41x |
| Retail Subscription | 0.86x |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt Ltd
Registrar Website: https://linkintime.co.in
IPO Lead Manager(s)
Company Information
Address: Mumbai, Maharashtra, India
Website: https://www.kshinternational.com
Email: cs.connect@kshinternational.com
Phone: +91-22-49186000
IPO Documents
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