KSH International came to market through an IPO that opened on 16 December 2025 and closed on 18 December 2025, and the shares listed on 23 December 2025 on BSE, NSE. The price band was ₹365 to ₹384 per share and one lot was 39 shares, so the minimum application was ₹14,976. The issue size was ₹710 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Nuvama Wealth Management Ltd., ICICI Securities Ltd were the lead managers.
As of 18 December 2025.
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Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India as per the CARE Report. KSH International operates under the brand ‘KSH’ and supplies to OEMs across sectors like power, renewables, railways, automotive, and industrials. The product range encompasses enamelled round and rectangular wires, paper insulated wires, continuously transposed conductors (CTC), and bunched insulated copper wires.
KSH International are the approved suppliers to major public and private entities like PGCIL, NTPC, NPCIL, and RDSO, and export to 24 countries including the USA, Germany, UAE, Japan, etc. The company has three manufacturing facilities in Maharashtra (Taloja and Chakan) with a total annual capacity of 29,045 MT. A fourth plant is under development in Supa, Ahilyanagar, expected to begin operations in Fiscal 2026.
The in-house R&D and engineering team drives product innovation, process improvements, and cost efficiency and holds key certifications including ISO 9001, ISO 14001, ISO 45001, and IATF 16949. Quality and Reliability form the core values at KSH International, which has earned awards from prestigious customers like Toshiba T&D Systems India, GE Power Grid Solutions, and BHEL.
As described in the offer document.
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KSH International rakes in Rs 213 crore from 10 anchor investors. KSH International has finalized the allocation of 55.46 lakh shares to anchor investors at Rs 384 per share. Of the total allocation, as much as 41.4 lakh equity shares were distributed to 5 domestic mutual funds including Kotak Mahindra AMC, HDFC AMC, LIC Mutual Fund, and ITI Mutual Fund. Further, 4.68 lakh shares were allotted to two insurance companies- Kotak Mahindra Life Insurance, and Edelweiss Life Insurance Company.
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, Waterloo industrial park VI private limited.. Promoter holding 98.40% before the issue and 71.37% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
KSH International IPO was a ₹710 crore book-built issue, comprising a fresh issue of ₹420 crore and an offer for sale of ₹290 crore. It was priced at ₹365–₹384 per share with a lot size of 39 shares (₹14,976). The IPO was open from December 16 to December 18, 2025 and was subscribed 0.87x. Shares listed on BSE and NSE on December 23, 2025 at ₹370, a 3.6% discount to the issue price of ₹384. MUFG Intime India Pvt. Ltd.
is the registrar. Nuvama Wealth Management Ltd. and ICICI Securities Ltd. are the book running lead managers.
The price band of KSH International IPO is ₹365 to ₹384 per share.
The lot size of KSH International IPO is 39 shares.
The minimum investment for KSH International IPO is approximately ₹14,976 based on the upper price band.
The allotment date of KSH International IPO is Dec 19, 2025.
KSH International IPO listed on Dec 23, 2025. It was issued at ₹370.0(NSE) and is currently around ₹949.00 as on 2-Nov-2026 3:30 PM, which is approximately 147.1% versus issue price. The 52-week high is ₹1,198.00.
You can check KSH International IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the KSH International IPO allotment status on Rupix for quick and easy access.
₹365 to ₹384 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 39 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,976.
₹14,976, for one lot of 39 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 December 2025 and closed on 18 December 2025.
The basis of allotment was published on 19 December 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 December 2025 on BSE, NSE.
The issue size was ₹710 crore. The fresh issue was 1,09,37,500 shares (aggregating up to ₹420 crore). The offer for sale was 75,52,083 shares (aggregating up to ₹290 crore).