KSH International Limited Rs 710 Crore IPO Opens On Tuesday 16 December 2025; Price Band Set At Rs. 365 – 384 Per Equity Share

MUMBAI (RMN.IN) : Pune-based Magnet winding wires manufacturer KSH International Limited has set the price band for its maiden public issue in the range of Rs.365 to Rs.384 per equity share with a face value of Rs.5 each share. The company is set to launch its initial public offering (IPO) on Tuesday, December 16, and close on Thursday, December 18, 2025.The anchor book will open on Monday, December 15, 2025. The share allotment will be finalised on December 19, and trading in KSH International shares will commence on December 23.

The company aims to raise Rs 710 crore through a combination of fresh issue of 10.9 million shares worth up to Rs 420 crore and offer for sale (OFS) of 7.6 million shares worth up to Rs 290 crore. Under the OFS, promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde are offloading their stake.KSH International has completed its pre-IPO placement of about Rs. 35 crore.

Of the fresh issue proceeds, Rs 226 crore has been earmarked for repayment of certain borrowings. Another Rs 87 crore will be used to purchase and install new machinery at the company’s Supa and Chakan facilities. Additionally, Rs 8.8 crore will go toward setting up a rooftop solar power plant at the Supa unit, with the balance reserved for general corporate purposes.

Retail investors can apply for one lot of 39 shares in the IPO, which will entail a minimum investment of Rs 14,976. Applications can then be made in multiples of 39 shares thereafter.

For Small HNIs, the minimum bid lot size will be 546 shares and will entail a minimum investment of Rs 2,09,664, while for big HNIs, the minimum lot size is 2,613 shares and will entail a minimum investment of Rs. 10 lakh.At the higher end of the price band, KSH International will have a post-listing market capitalisation of Rs 2,602 crore.

In consultation with its book running lead managers, the company allotted 9.11 lakh equity shares through a private placement at Rs384 per share, including a premium of Rs379. The round saw participation from Malabar India Fund, Jabeen Ajay Menon, Ajay Menon, Sunil Nagayya Shetty, Salil Ajay Bhargava and Rupal K Sancheti.

Malabar India Fund received 8.51 lakh shares on December 8 at Rs384 apiece, amounting to Rs32.7 crore. Rupal K Sancheti was allotted 39,062 shares worth Rs1.5 crore, while Salil Ajay Bhargava received 13,021 shares totalling Rs 0.5 crore.

With three manufacturing facilities offering a combined annual capacity of 29,045 MT, KSH International reported a profit of Rs 22.6 crore on revenue of Rs 558.7 crore for the quarter ended June 2025.

Nuvama Wealth Management and ICICI Securities are the merchant bankers managing the IPO.

KSH International is among India’s leading magnet winding wire manufacturers and, according to a CARE report, is expected to be the country’s largest exporter in this segment by export revenue in FY25.

The company began operations in 1981 with a manufacturing facility in Taloja, Raigad, Maharashtra. Over the past four decades, it has expanded into producing a wide range of standard and specialised magnet winding wires tailored to specific customer requirements.