KSH International IPO Opens Today; Price Band Set at ₹365-₹384

Mumbai, 16 December 2025: KSH International Limited has opened its ₹710.00 crore book building IPO today, setting in motion a tightly scheduled public issue that will remain open until 18 December 2025. The IPO combines a fresh issue of ₹420.00 crore with an offer for sale worth ₹290.00 crore and is slated to list on both the BSE and NSE, with a tentative listing date of 23 December 2025.

Incorporated in 1979 and headquartered in Pune, KSH International Limited is India’s third-largest manufacturer and the largest exporter of magnet winding wires, supplying OEMs across power, renewables, railways, automotive and industrial sectors. The company operates three manufacturing facilities at Taloja and Chakan, with a combined capacity of 29,045 metric tonnes, and is developing a fourth plant at Supa, Ahilyanagar, expected to commence operations in FY26.

KSH International ₹710 Crore Book-Build Issue with ₹365-₹384 Price Band, Retail Entry Starts at ₹14,976

KSH International IPO is a book build issue of ₹710.00 crores. The issue is a combination of fresh issue of 1.09 crore shares aggregating to ₹420.00 crores and offer for sale of 0.76 crore shares aggregating to ₹290.00 crores.

KSH International IPO price band is set at ₹365.00 to ₹384.00 per share. The lot size for an application is 39. The minimum amount of investment required by a retail is ₹14,976 (39 shares) (based on upper price). The lot size investment for sNII is 14 lots (546 shares), amounting to ₹2,09,664, and for bNII, it is 67 lots (2,613 shares), amounting to ₹10,03,392.

Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.

KSH International Revenue Grows 39% and PAT Rises 82% In FY25, Reflecting Scale-Up In Operations

KSH International Limited reported a 39% increase in revenue, with total income rising to ₹1,938.19 crore in FY25 from ₹1,390.50 crore in FY24. Profit after tax (PAT) surged 82% year-on-year to ₹67.99 crore, compared with ₹37.35 crore in the previous financial year. 

EBITDA increased from ₹71.46 crore to ₹122.53 crore, indicating operating leverage from higher volumes and capacity utilisation. As of 30 June 2025, the company reported assets of ₹793.28 crore and a net worth of ₹321.47 crore, while total borrowings stood at ₹379.39 crore, reflecting capital-intensive expansion.

KSH International IPO Key Metrics Highlight Strong Returns and Moderate Leverage

Key performance indicators as of 31 March 2025 show a return on equity (ROE) of 22.77% and return on capital employed (ROCE) of 16.60%. The debt-to-equity ratio stood at 1.17, reflecting leverage linked to manufacturing expansion. EBITDA margin was reported at 6.35%, while PAT margin stood at 3.51%. The price-to-book value of 7.31 is derived from the IPO pricing relative to post-issue net worth calculations.

KSH International IPO Subscription Status Day 1 So Far: Overall 0.02x with Retail Bids Leading At 0.04x

Early subscription status data (10:240:40 AM) highlights the initial momentum across categories: Retail investors placed bids for 2,66,370 shares worth ₹10.23 crore out of 64,71,354 shares on offer, while sNII bids below ₹10 lakh accounted for 23,985 shares worth ₹0.92 crore, and bNII bids above ₹10 lakh covered 6,552 shares worth ₹0.25 crore. The total shares bid across all categories reached 2,96,907 shares valued at ₹11.40 crore against the total issue size of 1,29,42,710 shares.

With the KSH International IPO opening today, applicants should closely track official timelines, category-wise subscription status data, and registrar notifications for allotment, refunds, and Demat credit milestones. 

Source: https://www.nseindia.com/market-data/issue-information?symbol=KSHINTL&series=EQ&type=Active

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