KSH International IPO Review & Investor Guide – IPO Watch

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For traders, it may be fairly difficult to determine if the KSH International IPO is an effective funding or not. If you’re not sure and nonetheless excited about whether or not to use or skip this IPO, don’t fear. In this text, we current the highest key components and an in depth evaluation of the KSH International IPO. This will enable you analyze the strengths, dangers, and monetary particulars of the KSH International IPO, bettering your funding choice.

About Company 

Founded in 1981, KSH International is likely one of the main magnet winding wire producers in India. They are the Third largest producer of magnet wires in Taloja, Raigad, Maharashtra. Its product portfolio consists of spherical and rectangular enamelled copper/aluminium winding wires, paper-insulated rectangular wires, repeatedly transposed conductors, and bunched paper-insulated copper winding wires.

Within the final 40 years, it has been concerned within the making of copper and aluminium manufacturing within the energy sector, mills and transformers, fridges, compressors & electrical car motors. Its merchandise are authorized by PGCIL, NTPC, NPCIL, and RDSO to be used in transformers and reactors. As of December 31, 2024, they function three manufacturing amenities with a mixed annual put in capability of 29,045 MT. Moreover, two of those amenities are positioned in Chakan, Pune, in Maharashtra, and one in Taloja, Raigad, in Maharashtra.

Strengths

  • KSH International is India’s Third-largest producer of magnet winding wires. It entails exporting its merchandise to 24+ nations.
  • In FY25, revenue rose by 82% to ₹67.99 crore, whereas income elevated by 39% to ₹1,938 crore.
  • The firm’s working capital requirement has improved, decreasing from 26.0 days to 19.9 days.
  • The firm holds a long-standing relationship with a diversified buyer base in India and abroad.

Weaknesses

  • The firm generates 70% of its income from specialised magnet winding wires. If any drop occurs within the demand for these merchandise can badly have an effect on the enterprise, money movement, and monetary efficiency.
  • KSH International depends upon the highest 3 suppliers for uncooked supplies.
  • In the previous, the corporate has skilled damaging money movement. If the corporate continues to have damaging money movement sooner or later, it could actually badly have an effect on the enterprise and general monetary efficiency.
  • KSH International works in a aggressive market, if it fails to compete successfully with outdated or new opponents can adversely influence the monetary efficiency and general enterprise. 

KSH International IPO Review 

KSH International IPO Details

IPO Open Date: December 16, 2025
IPO Close Date: December 18, 2025
Face Value: ₹5 Per Equity Share
IPO Price Band: ₹365 to ₹384 Per Share
Issue Size: ₹710 Crores
Fresh Issue ₹420 crores
Offer-for-Sale as much as 75,52,083 fairness shares
Registrar  MUFG Intime India Private Limited
IPO Lead Managers Nuvama Wealth Management Limited
ICICI Securities Limited
Basis of Allotment December 19, 2025
IPO Listing Date: December 23, 2025
Listing  BSE, NSE

Financial Performance Trend Details 

Particulars 30 June 2025 31 Mar 2025 31 March 2024
Total Income ₹562.60 Crores ₹1,938.19 Crores ₹1,390.50 Crores
EBITDA ₹40.28 Crores ₹122.53 Crores ₹71.46 Crores
EBITDA Margin 7.21% 6.35% 5.17%
Profit after Tax (PAT) ₹22.68 Crores ₹67.99 Crores ₹37.35 Crores
Net Worth ₹321.47 Crores ₹298.55 Crores ₹230.95 Crores
Reserves and Surplus ₹293.07 Crores ₹270.14 Crores ₹225.26 Crores
Total Borrowings ₹379.39 Crores ₹360.05 Crores ₹206.81 Crores

Key Indicators

KPI Values
ROE 22.77
ROCE 16.60
Debt/Equity 1.17
RoNW 22.77
PAT Margin 3.51%
EBITDA Margin 6.35%
Price to Book Value  7.31

Peer Comparison with the Company

Name of the Company Face Value (₹) Basic EPS (₹)  Diluted EPS(₹)  RONW (%) P/E Ratio NAV(₹) 
KSH International 5 11.97  11.97 22.77%  [●] 52.54
Listed Peers
Precision Wires India Limited 1 5.04 5.04 15.63% 50.60 32.25
Alkem Laboratories Limited 5 15.06 15.04 14.39% 40.37 110.74 
  • Kushal Subbayya Hegde, aged 87 years, is a Promoter, Chairman, and Executive Director of the Company. He holds 26,704,570 Equity shares, representing 47.00% of the paid-up Equity Share capital within the firm.
  • Pushpa Kushal Hegde, aged 77 years, is the Promoter of the Company. She holds 7,386,270 Equity shares, representing 13.00% of the paid-up Equity Share capital within the firm.
  • Rajesh Kushal Hegde, aged 55 years, is a Promoter and Managing Director of the Company. He holds 10,907,771 Equity shares, representing 19.20% of the paid-up Equity Share capital within the firm.
  • Rohit Kushal Hegde, aged 51 years, is a Promoter and Joint Managing Director of the Company. He holds 10,907,771 Equity Shares, representing 19.20% of the paid-up Equity Shares capital within the firm.
  • Rakhi Girija Shetty, aged 52 years, is a Promoter and Whole-Time Director of the Company. She holds 100 Equity shares, representing 0.00% of the paid-up Equity shares capital within the firm. 

Industry Peer Group P/E ratio

The electrical gear business P/E ratio ranges from a low of 40.37 to a excessive of fifty.60, with a mean of 45.48.

Expansion

  • The proceeds raised from the recent subject will likely be utilized for the compensation/prepayment of sure borrowings taken by the corporate.
  • A portion of the fund will likely be used for the acquisition and setup of latest equipment at 2 vegetation.
  • Some funds will likely be utilized for the Purchase and setup of a rooftop solar energy plant for energy era on the Supa Facility.
  • Lastly, the remaining funds will likely be used for the corporate’s basic company functions.

KSH International IPO – Should You Apply or Not?

KSH International IPO gives a robust presence within the magnet winding wire business, nice monetary enchancment, increasing world footprint, and entry limitations resulting from strict qualification norms. However, a aggressive business, dependency on the highest 3 suppliers, and excessive dependence on specialised merchandise are among the main dangers of the corporate. 

As of December fifteenth, the GMP of the KSH International IPO is ₹0, indicating an inventory acquire of round 0%. The verdict is that Short-term traders can contemplate making use of for the IPO for itemizing good points resulting from engaging GMP and good market sentiment. Whereas Long-term traders should analyze the dangers, like valuation and excessive income dependence on specialised magnet winding wires, earlier than subscribing.

Please word:

Investors are suggested to make their very own selections and apply fully at their very own threat. This article is written utilizing info from the corporate’s RHP (Red Herring Prospectus) knowledge and on-line sources. If you have got any queries, kindly contact the IPO Watch Team.



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