Pune: The KSH International IPO is set to open for subscription on Tuesday, December 16, 2025, with the company announcing a price band of ₹365 to ₹384 per equity share of face value ₹5 each.
The public issue will close on Thursday, December 18, 2025. Investors can bid for a minimum of 39 equity shares and in multiples of 39 thereafter.
KSH International IPO: Price Band, Offer Structure, and Dates
The KSH International IPO comprises a fresh issue of ₹420 crore and an offer-for-sale (OFS) of up to ₹290 crore by promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde.
The issue will be conducted through a book-building process, with not more than 50% allocated to Qualified Institutional Buyers (QIBs), up to 15% to Non-Institutional Investors (NIIs), and 35% to Retail Individual Investors (RIIs). Up to 60% of the QIB portion may be reserved for Anchor Investors.
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KSH International IPO: Company Background and Business Overview
Founded in 1981 in Taloja, Raigad, Maharashtra, KSH International has evolved into one of India’s leading magnet winding wire manufacturers.
According to a CARE Report, the company was the third-largest manufacturer of magnet winding wires in India by production capacity in FY25, and the largest exporter by export revenue in FY25.
The company manufactures a wide range of standard and specialized magnet winding wires, including:
- Round enamelled copper and aluminium wires
- Paper-insulated rectangular copper and aluminium wires
- Continuously transposed conductors (CTC)
- Rectangular enamelled wires
- Bunched paper-insulated copper wires
These products serve as key components in transformers, motors, alternators, generators, and advanced applications such as HVDC transformers, 765 kV EHV transformers, windmill generators, locomotive transformers, electric vehicle traction motors, and air-conditioning and refrigeration compressors.
KSH International IPO: Customer Base and Industry Position
KSH International caters primarily to OEMs and has 117–122 customers across FY23 to FY25. During Q1 FY26, the company serviced 93 customers. Key clients include:
- Bharat Bijlee Limited
- Bharat Heavy Electricals Limited (BHEL)
- Georgia Transformer Corporation
- Hitachi Energy India
- Siemens Energy India
- GE Vernova T&D India
The company is also an approved supplier of insulated rectangular wires and CTC for use in HVDC and 765 kV EHV transformers and reactors.
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KSH International IPO: Financial Performance
The company reported strong financial growth over recent years:
- Q1 FY26 revenue: ₹5,587.1 million
- Q1 FY26 net profit: ₹226 million
- FY25 revenue: ₹19,282.9 million
- FY25 net profit: ₹679.88 million
- FY23 revenue: ₹10,494.60 million
- FY23 net profit: ₹266.13 million
KSH International IPO: Lead Managers and Regulatory Filings
Nuvama Wealth Management Limited and ICICI Securities Limited are acting as the book-running lead managers, while MUFG Intime India Limited is the registrar. KSH International has filed its Red Herring Prospectus (RHP) dated December 10, 2025, with the Registrar of Companies, SEBI, BSE, and NSE.
Investors are advised to refer to the RHP for risk factors and detailed information. The equity shares under the offer are not registered under the U.S. Securities Act and will be offered outside the United States in compliance with Regulation S.
