KSH International IPO Review 2025: Dates, Price, Financials, GMP, and Recommendation

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.

Also Read: ICICI Prudential AMC IPO Review 2025 – Complete Details, Dates, Price Band, Lot Size & Should You Apply?