KSH International IPO is a 100% book-built issue aggregating up to ₹7,450.00 million. The offer comprises a fresh issue of equity shares worth up to ₹4,200.00 million and an offer for sale of shares aggregating up to ₹3,250.00 million by the promoter selling shareholders.
The face value of each equity share is ₹5. The price band, minimum bid lot, and subscription dates will be announced in due course and published in widely circulated newspapers at least two working days prior to the bid/offer opening date. The equity shares offered through the IPO are proposed to be listed on BSE and NSE.
Nuvama Wealth Management Limited and ICICI Securities Limited are the book-running lead managers to the issue, while MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the registrar.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the KSH International IPO DHRP.
Industry Outlook
- India’s magnet winding wire industry plays a pivotal role in supporting modern infrastructure, industrial expansion, and technological progress. These wires are essential components in transformers, motors, alternators, and generators, serving end-use sectors such as power generation, transmission and distribution, renewables, automotive (including electric vehicles), industrial machinery, railways, and consumer durables.
- The electrical equipment and appliances sector remains the largest consumer of winding wires, driven by applications in motors and transformers. From CY19 to CY23, demand in this segment grew at a CAGR of 4.38%, supported by rapid urbanisation, increasing electrification, and government initiatives promoting infrastructure and manufacturing. Although growth is expected to moderate slightly to a CAGR of 4.31% for CY23–CY28, the sector will continue to be a significant driver, aided by energy efficiency measures, renewable integration, and smart appliance adoption.
- The power industry, comprising generation, transmission, and distribution, is another major contributor, reflecting India’s ongoing investments in grid modernisation and renewable energy. Emerging sectors such as electric vehicles (10.78% share) and renewable energy (8.71% share) highlight the growing use of winding wires in sustainable technologies, while industrial machinery (5.95%) and railways (1.52%) underscore their importance in specialised applications.
- Overall, the market is characterised by steady growth prospects, underpinned by infrastructure development, technological upgrades, and the shift towards energy-efficient solutions. These trends present opportunities for manufacturers to innovate with high-performance and sustainable winding wire products tailored to evolving industry needs.
KSH International IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Reduce outstanding debt obligations by repaying, in full or in part, certain loans availed by the company, thereby strengthening the balance sheet and improving financial flexibility.
- Fund the purchase and installation of new machinery for capacity enhancement at the Supa Facility and Unit 2 in Chakan, Pune, supporting increased production and operational efficiency.
- Invest in the purchase and installation of a rooftop solar power plant at the Supa Facility to generate renewable energy and reduce dependency on conventional power sources.
- Allocate funds towards administrative expenses, brand-building activities, and strategic initiatives aimed at improving market presence and supporting long-term growth.
About KSH International Limited
KSH International Limited was originally incorporated as Bhandary Metal Extrusion Private Limited on July 30, 1979 under the Companies Act, 1956. The company changed its name to KSH International Private Limited on July 4, 1996 and was subsequently converted into a public limited company, adopting its present name on January 20, 2025.
The company is a leading manufacturer of magnet winding wires in India, ranking third in terms of production capacity in Fiscal 2024. Its product portfolio includes round enamelled copper and aluminium wires, paper-insulated rectangular wires, continuously transposed conductors, and bunched paper-insulated copper wires. These products are integral to transformers, motors, alternators, and generators, catering to end-use sectors such as power generation, transmission and distribution, renewables, automotive (including electric vehicles), industrial machinery, railways, and consumer appliances.
KSH International operates three manufacturing facilities in Maharashtra and is developing a fourth facility at Supa, Ahilyanagar (formerly Ahmednagar). The company places strong emphasis on quality and precision, supported by advanced production processes and rigorous quality control systems.
Its growth strategy is centred on capacity expansion, technological innovation, and sustainability initiatives, including the installation of a rooftop solar power plant at its Supa facility. By leveraging its established industry presence and expanding capabilities, KSH International aims to strengthen its position in the magnet winding wire market and capitalise on opportunities arising from infrastructure development, renewable energy adoption, and electrification trends across India.
How To Check the Allotment Status of the KSH International IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for KSH International IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the KSH International IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of KSH International IPO
Registered Office: 11/3, 11/4 and 11/5, Village Birdewadi, Chakan Taluka – Khed, Pune – 410 501, Maharashtra, India.
Phone: +91 20 4505 3237
E-mail: cs.connect@kshinternational.com
KSH International IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
KSH International IPO Promoter Holding
The promoters of the company are Mr. Kushal Subbayya Hegde, Mr. Pushpa Kushal Hegde, Mr. Rajesh Kushal Hegde, Mr. Rohit Kushal Hegde, Mrs. Rakhi Girija Shetty, Dhaulagiri family trust, Everest family trust, Makalu family trust, Broad family trust, Annapurna family trust, Kanchenjunga family trust and Waterloo Industrial Park VI Private Limited.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue | - |
