About
KSH International Limited is a leading manufacturer of magnet winding wires with a strong domestic and global presence. Founded as a private company and later converted into a public entity, it operates integrated manufacturing facilities in Pune, offering standard and special magnet winding wires for sectors such as power, renewables, appliances, automotives, railways, and industrial equipment. The company is promoted by Kushal Subbayya Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde, supported by an experienced leadership team.
KSH International follows a B2B model, focusing on OEMs and large industrial customers, and is supported by a growing sales network across India, North America, Europe, and Brazil. Its strengths include advanced manufacturing, strong export capabilities, high-quality certifications, and a proven track record of consistent revenue and EBITDA growth. The company continues to invest in technology, capacity expansion, and new product development to drive long-term growth and profitability.
IPO schedule
| Issue open date | 16 Dec 2025 |
|---|---|
| Issue close date | 18 Dec 2025 |
| UPI mandate deadline | 18 Dec 2025 (5 PM) |
| Allotment finalization | 19 Dec 2025 |
| Refund initiation | 22 Dec 2025 |
| Share credit | 22 Dec 2025 |
| Listing date | 23 Dec 2025 |
| Mandate end date | 02 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 18 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 18 March 2026 |
Financials
| Financial Year Ended | March 2024 | March 2025 | June 2025 |
|---|---|---|---|
| Total Assets | 482.71 | 744.91 | 793.28 |
| Revenue | 1390.50 | 1938.19 | 562.6 |
| Profit After Tax | 37.35 | 67.99 | 22.68 |
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 710 |
| Fresh Issue - Proceeds go to the company | 420 |
| Offer for sale - Proceeds go to the existing investors | 290 |
Utilisation of proceeds
| Purpose | INR crores (%) |
|---|---|
| Repayment/prepayment of outstanding borrowings | 225.98 (53.81%) |
| Purchase & setup of new machinery at 2 plants | 87.02 (20.72%) |
| Rooftop solar power plant at Supa Facility | 8.83 (2.10%) |
| General corporate purposes | 98.17 (23.37%) |
Strengths
- One of India’s leading manufacturers of magnet winding wires with a comprehensive product suite.
- Diversified product portfolio catering to multiple end-use industries, enabling strong cross-selling.
- Products serve critical applications across power, renewables, automotive, industrials, railways, and appliances.
- Large, strategically located manufacturing facilities with significant installed capacity and expansion underway.
- Strong export presence as the largest exporter of magnet winding wires from India in FY25.
Risks
- High dependence on top customers, contributing over half of total revenue across multiple years.
- Significant exposure to raw material price volatility, especially copper and aluminium.
- Manufacturing facilities face operational hazards including equipment failure, fire, accidents, and force-majeure events.
- Insurance coverage may not be adequate to cover all potential operational and catastrophic risks.
- Differences between Ind AS and other international accounting standards may affect investor interpretation of financials.
Allotment Status for KSH International
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.