The KSH International IPO is one of the most followed public issues of December 2025. Backed by strong financial performance and presence in the magnet winding wire industry, the company is aiming to raise capital for expansion and working capital needs. Here is a complete breakdown of the IPO details, company fundamentals, financials, and whether investors should subscribe.
KSH International IPO Details
| Particulars | Details |
| IPO Opening Date | 16 December 2025 |
| IPO Closing Date | 18 December 2025 |
| IPO Allotment Date | 19 December 2025 |
| IPO Listing Date | 23 December 2025 |
| IPO Price Band | ₹365 – ₹384 per share |
| Lot Size | 39 shares |
| Minimum Investment for Retail Investors | ₹14,976 (1 lot at upper price band) |
| Maximum Retail Investment Cap | 13 lots (507 shares) approx. ₹1,94,688 |
| Total Fund Raise | Approximately ₹710 crore |
About KSH International
KSH International is a Pune-based manufacturer of magnet winding wires, electrical-grade wires, and precision components used across automotive, industrial motors, consumer electronics, transformers, and electrical equipment. The company has built strong relationships with OEMs over several years and supplies high-quality engineered components for critical applications.
The company operates in a sector expected to grow, driven by rising demand for EV motors, industrial machinery, and electrical appliances.
Key Management
The company is promoted and managed by experienced industry professionals:
- Kushal Subbayya Hegde – Promoter
- Pushpa Kushal Hegde – Promoter
- Rajesh Sushal Hegde – Promoter
- Rohit Kushal Hegde – Promoter
Lead Managers for the IPO include ICICI Securities and Nuvama Wealth Management.
Major Products
KSH International manufactures a wide range of wires and electrical components including:
- Magnet winding wires
- Electrical-grade copper and aluminium wires
- Motor and transformer components
- Engineered electrical cables
- Customised electrical assemblies
These products cater to automobiles, electrical machinery, appliances, EV powertrains, and industrial equipment manufacturers.
Financials / Revenue Performance
The company has shown strong year-on-year revenue growth, along with rising profitability.
| Financial Year | Total Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
| FY23 | 1,382.80 | 26.60 |
| FY24 | 1,928.92 | 37.30 |
| FY25 | 1,938.19 | 67.99 |
Key Financial Highlights
- Revenue grew consistently over the last three years.
- PAT increased significantly, especially in FY25.
- Improving margins indicate better operational efficiencies.
- Scale of operations places the company among mid-sized manufacturing players with strong growth potential.
Competitors
KSH International faces competition from both domestic and international manufacturers. Key competitors include:
- Precision Wires India Ltd
- Ram Ratna Wires Ltd
- Several mid-sized engineered wire and electrical component manufacturers
The industry is competitive but expanding rapidly due to increased demand in EVs, industrial motors, and consumer appliances.
Conclusion
The KSH International IPO comes with strong financial performance, an expanding product portfolio, and rising demand across end-user industries. The company has demonstrated stable revenue growth and improving profitability. With its established market presence and capital expansion plans, KSH International appears fundamentally sound.
However, competition in the wire and electrical components sector is high, and future performance will depend on maintaining margins and managing raw material costs.
Recommendation: Apply or Avoid?
Reasons to Apply:
- Consistent revenue growth over three years
- Significant improvement in profitability
- Strong demand outlook in EV, electrical machinery, and consumer electronics sectors
- Reasonable IPO size and strong promoter background
Considerations:
- The industry is competitive with thin margins
- Short-term listing gains may depend on broader market sentiment
Overall, the IPO appears more suitable for long-term investors looking for exposure to the manufacturing and electrical components sector.
