KSH International IPO – At a Glance

KSH International began operations in 1981 as a magnet winding wire maker at Taloja, Maharashtra, and has since expanded into a diversified conductor manufacturer with three plants and a wide product portfolio.​

• Business: Manufacturer of round enamelled copper/aluminium wires, paper‑insulated rectangular conductors, continuously transposed conductors (CTC), rectangular enamelled wires and bunched paper‑insulated copper wires.​
• End-use sectors: Power transformers, motors, generators, railways, transmission & distribution, industrial equipment and emerging EV/renewable applications.​
• Manufacturing footprint:
  • 3 facilities with 29,045 MT annual installed capacity (2 at Chakan, Pune; 1 at Taloja, Raigad, Maharashtra).​

Issue terms (as per draft details):

• IPO Type: Main-board (Book-built)
• IPO Open Date: Tue, Dec 16, 2025
• IPO Close Date: Thu, Dec 18, 2025
• Tentative Allotment: Fri, Dec 19, 2025
• Face Value:      ₹5 per share
• Price Band:       ₹365 to ₹384
• Lot Size :             39 Shares
• Initiation of Refunds: Mon, Dec 22, 2025
• Credit of Shares to Demat: Mon, Dec 22, 2025
• Tentative Listing Date: Tue, Dec 23, 2025
• Cut-off time for UPI mandate confirmation: 5 PM on Thu, Dec 18, 2025

Financial Snapshot

KSH International Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 82% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	793.28	744.91	482.71	359.18
Total Income	562.60	1,938.19	1,390.50	1,056.60
Profit After Tax	22.68	67.99	37.35	26.61
EBITDA	40.28	122.53	71.46	49.90
NET Worth	321.47	298.55	230.95	193.66
Reserves and Surplus	293.07	270.14	225.26	187.97
Total Borrowing	379.39	360.05	206.81	120.35
Amount in ₹ Crore

Key ratios FY24:​

• ROE: 16.17%
• ROCE: 14.15%
• EBITDA Margin: 5.17%
• PAT Margin: 2.69%
• Debt‑equity: 0.82
• EPS (Basic): ₹6.57
• NAV: ₹40.65

Peer benchmarks include Precision Wires India and Ram Ratna Wires, placing KSH within an established listed peer group.​

Objective of the IPO :-

• Repayment of certain borrowings: ₹225.98 crore
• New machinery for 2 plants: ₹90.06 crore
• Rooftop solar plant at Supa facility: ₹10.41 crore
• General corporate purposes​

IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Offer size
Retail Shares Offered	Not less than 35% of the Offer
NII Shares Offered	Not less than 15% of the Offer

IPO Lot Size

Investors can bid for a minimum of 39 shares and in multiples thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

Key Strengths

• Four-decade operating history & deep domain expertise
• applications
• Scale & integrated manufacturing base
• Decent growth with improving profitability
• Focused use of IPO proceeds on deleveraging and efficiency

Key Risks / Weaknesses

• Thin margins in a commodity‑like business
• High working-capital requirements and leverage
• Dependence on cyclical end markets
• Competition from established peers
• Execution & project risk around new capex

How To Apply for the IPO?

5. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
5. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
5. Select IPO: Find and select the IPO from the list of open IPOs. 
5. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
5. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

5. Log in to the JM Pro app. 
5. Go to the IPO Section and then to IPO Orders. 
5. Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs – KSH International IPO

Q1. What does KSH International do?
KSH International manufactures a range of magnet and winding wires (round and rectangular, copper and aluminium), paper‑insulated conductors and continuously transposed conductors used in transformers, motors, generators and power/industrial equipment.​

Q2. How many plants does the company operate?
It runs three manufacturing facilities with a combined installed capacity of 29,045 MT—two in Chakan (Pune) and one in Taloja (Raigad), Maharashtra.​