KSH International Limited is launching a book-built IPO worth ₹710 Cr. The issue consists of a fresh equity issue of 1.09 Cr shares amounting to ₹420 Cr and 0.76 Cr shares of offer-for-sale worth ₹290 Cr.
The KSH International IPO opens for bid on 16 December 2025 and will close on 18 December 2025. The allotment result will be declared on 19 December 2025, and the shares are expected to begin trading on the BSE and NSE from 23 December 2025.
The IPO price range is set between ₹365 and ₹384 per share. A single lot includes 39 shares, and at the upper price, retail investors must invest at least ₹14,976. For the sNII investors, the minimum bid is 14 lots, which is 546 shares amounting to ₹2,09,664, while bNII investors must apply for at least 67 lots, with 2,613 shares amounting to ₹10,03,392.
KSH International IPO Details
Review the full KSH International IPO details in India below:
| Bid Opens On | 16 December 2025 |
| Bid Closes On | 18 December 2025 |
| Face Value | ₹5 |
| Price Band | ₹365 and ₹384/share |
| Issue Price | – |
| IPO Lot Size | 39 Shares |
| Type of Sale | Fresh issue & Offer-for-sale |
| Offer-for-Sale | 75,52,083 shares (₹290 Cr) |
| Fresh Issue of shares | 1,09,37,500 shares (₹420 Cr) |
| Issue Type | Book-built IPO |
| Listing | BSE & NSE |
| Total Issue Size (₹ Cr) | ₹710 Cr |
| Reserved for Market Maker | – |
| Net Offerings to the Public | – |
| Minimum Investment (₹) | ₹14,976 (Retail investor ) |
| Retail Discount | – |
| Employee Discount | – |
KSH International IPO Timeline
Review the KSH International IPO timeline:
| Bidding Opens | 16 December 2025 |
| Bidding Closes | 18 December 2025 |
| Shares Allotment | 19 December 2025 |
| Initiation of Refunds | 22 December 2025 |
| Shares Credited to demat | 22 December 2025 |
| Listing Date | 23 December 2025 |
| UPI Mandate Confirmation Deadline | 5 PM, 18 December 2025 |
KSH International Limited Key Performance Indicator
Analyse the key performance indicators (KPIs) of KSH International over the preceding three financial years.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 22.77 | 16.17 | 13.74 |
| ROCE (%) | 16.6 | 14.15 | 13.25 |
| Debt-Equity Ratio (in times) | 1.17 | 0.82 | 0.59 |
| RoNW (%) | 22.77 | 16.17 | 13.74 |
| PAT Margin (%) | 3.51 | 2.69 | 2.52 |
| EBITDA Margin (%) | 6.35 | 5.17 | 4.75 |
| Price-Book Value | – | – | – |
KSH International Ltd. Financials
| Aspect | 2025 (₹ Cr) | 2024 (₹ Cr) | 2023 (₹ Cr) |
| Revenue | 1,928.29 | 1,382.82 | 1,049.46 |
| Total Asset | 744.91 | 482.71 | 359.18 |
| Profit/Loss | 67.99 | 37.35 | 26.61 |
KSH International IPO Subscription Status in India
The subscription status of the KSH International Initial Public Offering (IPO) during the offering period:
| Day | NII | Individual Investor | Total |
| Day 1 | – | – | – |
| Day 2 | – | – | – |
| Day 3 | – | – | – |
KSH International IPO Grey Market Premium
KSH International IPO GMP today is currently ₹0. This GMP figure is an indicator of market sentiment and investor enthusiasm, where a higher figure suggests stronger interest.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 12 December 2025 | ₹0 | ₹384 | (0.00%) | – |
| 11 December 2025 | ₹0 | ₹384 | (0.00%) | – |
Note: The GMP for an IPO is not static and fluctuates based on demand and existing market sentiment prior to the IPO’s launch.
KSH International IPO Reservation
| Category | % of Shares Offered | Shares offered |
| QIBs | Maximum 50% | – |
| Retail Investors | Minimum 35% | – |
| NII (HNI) | Minimum 15% | – |
| Total Shares Offered | 100% | – |
KSH International IPO Lot Size
The table presents the minimum investment requirement for each category and the KSH International IPO lot size.
| Application | Lot Size | Shares | Amount(in ₹) |
| Minimum Retail Investment | 1 | 39 | 14,976 |
| Maximum Retail Investment | 13 | 507 | 1,94,688 |
| Minimum S-HNI Investment | 14 | 546 | 2,09,664 |
| Maximum S-HNI Investment | 66 | 2,574 | 9,88,416 |
| Minimum B-HNI Investment | 67 | 2,613 | 10,03,392 |
KSH International IPO Anchor Investors Details
| Bid Date | 15 December 2025 |
| Shares Offered | – |
| Issue Size for Anchor Investor (₹ Cr.) | – |
| Lock-in period of 30-Day for 50% of the shares | – |
| Lock-in period of 90-Day for the remaining shares | – |
KSH International IPO Prospectus
Refer to the official KSH International IPO filings submitted to SEBI for more details.
KSH International Limited: About
| Founded in | 1 June 1996 |
| Managing Director | Rajesh Kushal Hegde |
| Services/Products Offered | Manufacturing & export of magnet winding wire |
| Book running lead managers | Nuvama Wealth Management Ltd ICICI Securities Ltd |
| Registrar of the issue | MUFG Intime India Private Ltd |
KSH International IPO: Objectives
KSH International Ltd. specifies the utilisation of the proceeds from its IPO as follows:
| Particulars | Amount (in ₹ Cr) |
| Payment of debts | 225.98 |
| Capital expenditure for purchase of machineries | 87.02 |
| Capital expenditure for setting up solar plant | 8.83 |
| General corporate purposes | – |
KSH International Ltd.: Strengths
- Market Position: The company is one of India’s top makers of magnet winding wires, offering a full range of products used across several industries.
- Manufacturing Strength: The company operates large manufacturing plants that focus on advanced tech and continuous product and process upgrades.
- Customer Relationships: The company has long, steady relationships with a diverse set of customers in India and international markets.
- Industry Credibility: The company has a strong track record backed by certifications and approvals in a sector known for high entry barriers.
KSH International Ltd.: Risks
- Customer Concentration Risk: The company relies on a few major customers, and reduced demand or losing them may impact revenue and performance.
- Supplier Dependence Risk: The company depends on a few suppliers without long-term contracts, and supply issues or price swings may affect operations.
- Manufacturing Disruption Risk: The company’s operations rely on its plants, and any disruption or shutdown could seriously impact overall performance.
- Certification & Compliance Risk: The company’s business will be impacted if it loses essential product certifications or manufacturing accreditations.
KSH International IPO Review
KSH International Limited shows steady financial growth, rising margins, and strong industry credibility backed by long-term customer ties. The IPO funds will support debt reduction and expansion, which may strengthen the balance sheet quality.
However, the risks remain around customer concentration, supplier dependency, and plant disruptions. The offer suits investors looking for stable manufacturing businesses with consistent performance.
Other Recent IPO List
Below is a compilation of the upcoming and recently launched Indian IPO scheduled for 2025.
| Shyam Dhani Industries IPO | Neptune Logitek IPO |
| Unisem Agritech IPO | Park Medi World IPO |
| Prodocs Solution IPO | Nephrocare Health IPO |
| K.V. Toys India IPO | Corona Remedies IPO |
KSH International IPO FAQs
The KSH International IPO is a ₹710 crore mainboard issue that includes a fresh issue and an offer-for-sale. It is a book-built offer with a price band of ₹365–₹384 per share, and will list on the NSE and BSE.
The investors can apply through any supported brokerage or bank using ASBA or UPI. They need to select the IPO, choose the lot size, submit the bid, and approve the UPI mandate before the deadline on 18 December 2025 at 5 PM.
KSH International Ltd. has rising revenue, improved profitability, and strong industry positioning. Its risks lie in customer concentration and supplier dependence. It may appeal to investors seeking a manufacturing-focused business with stable growth, but suitability depends on individual risk appetite.
The KSH International IPO GMP is ₹0 as of 12 December 2025, which signals neutral early sentiment. The listing gains cannot be assured, and returns will depend on market demand, sentiment, and the company’s long-term execution after listing.
The KSH International IPO opens on 16 December 2025 and remains available for subscription until 18 December 2025.
The KSH International IPO’s minimum lot contains 39 shares, requiring ₹14,976 at the upper price. The retail investors can apply for up to 13 lots, while the HNI categories have higher minimums.
The allotment for the KSH International IPO is expected on 19 December 2025, with refunds and demat credit scheduled for 22 December 2025.
The shares of KSH International IPO are scheduled to list on the NSE and BSE on 23 December 2025.
