KSH International Limited IPO Details Issue Price, Date, News, Allotment Status, GMP Today, Link, Updates

KSH International Limited IPO Strengths:

• As per the CARE Ratings report, it is the 3rd largest manufacturer of magnet winding wires in India in terms of production, with an annual installed capacity of 29,045 MT in FY25. It is also the largest exporter of magnet winding wires from India, based on export revenues of ₹161.5 crore in FY25.
• It is an approved supplier of insulated rectangular wires and continuously transposed conductors (CTC) for select customers, with applications in HVDC systems and 765 kV EHV transformers and reactors. It is approved by leading institutions, including PGCIL, NTPC Limited, NPCIL, and the RDSO.
• As of FY25, it serviced 122 customers, which stood at 93 customers as of Q1FY26. Its customer base primarily comprises leading OEMs, including Bharat Bijlee Limited, BHEL, Georgia Transformers, Hitachi Energy India, ENRIN, GE Vernova T&D India, Hind Rectifiers, and Transformers and Rectifiers (India), among others.
• For FY25 and Q1FY26, It’s total installed capacity across its three facilities was 29,045 MT, with Taloja Unit 1 at 4,241 MT, Chakan Unit 2 at 17,320 MT, and Chakan Unit 3 at 7,484 MT, supporting efficient production and meeting growing customer demand.
• It plans to expand its capacity by 30,000 MT over the next two years at its Supa facility. The facility’s strategic location within a 250 km radius of key customers enhances its ability to efficiently meet demand. Phase 1 of the Supa expansion, which increased the annual installed capacity by 12,000 MT, was successfully completed in Q2FY26.
• For FY25, KSHIL achieved an overall capacity utilization of 80.7% across its three facilities. During the Q1FY26, It recorded a capacity utilization of 21.47%, reflecting production trends in line with seasonal demand and operational schedules.
• During the Q1FY26, It recorded magnet winding wire sales volumes of 6,114 MT. For FY25, volumes increased to 23,324 MT, compared with 21,495 MT in FY24, resulting in a year-on-year volume growth of 8.51%, reflecting steady demand and operational scaling.
• It reported revenue from operations of ₹1,928.29 crore in FY25, making a 39.44% growth from ₹1,382.82 crore in FY24. Profit after tax stood at ₹67.99 crore in FY25, up 82.03% from ₹37.35 crore in FY24. In Q1FY26, it recorded revenue from operations of ₹558.71 crore and PAT of ₹22.68 crore.
• As per the CARE Report, India’s electric wires and cables market is witnessing strong growth, driven by industrial expansion and technological adoption across sectors such as electrical equipment, telecommunications, automotive, and construction. The market was valued at USD 19.68 billion in CY24, growing at a CAGR of 6.08% (CY19–CY24), and is projected to reach USD 29.85 billion by CY28, at a CAGR of 10.98%.

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KSH International Limited IPO Risk Factors:

• It faces intense competition from listed and unlisted peers such as Apar Industries Ltd, KEI Industries Ltd, Precision Wires India Limited, Ram Ratna Wires Limited, Vidya Wires Limited, and SH Haryana Wires Limited. Competitive pressures may impact It’s revenue growth, market share, and profitability, particularly in a price-sensitive and capacity-driven market environment.
• It is exposed to volatility in raw material prices, particularly copper and aluminium, as well as the availability and pricing of insulating materials such as enamel and paper. Adverse movements in input costs or supply constraints could impact margins, revenue growth, and overall profitability.
• Around 30% of it’s total revenue is derived from exports; therefore, adverse geopolitical developments, trade restrictions, currency volatility, or disruptions in international markets could negatively impact export volumes, revenue visibility, and overall financial performance.

KSH International Limited IPO Outlook:

KSHIL is one the leading manufacturer of magnet winding wires, based in Maharashtra, India. It is the third-largest producer in India, with an installed capacity of 29,045 MT in FY25. The Company serviced 122 customers in FY25 and 93 customers in Q1FY26, and is an approved supplier of insulated rectangular wires and continuously transposed conductors (CTC) to institutions including PGCIL, NTPC, NPCIL, and RDSO. KSHIL plans to add 30,000 MT of capacity at its Supa facility over the next two years and reported 80.7% capacity utilization in FY25. It reported 39.44% growth in revenue from operations and 82.03% growth in PAT in FY25.  At the upper price band of ₹384, the issue is priced at a P/E of 32.09x on a pre-IPO basis and 38.27x on a post-IPO basis, based on FY25 earnings. Given the company’s valuation appears relatively high at current price levels, we recommend investors avoid the issue and await more attractive valuation opportunities.

KSH International Limited IPO Financial Performance:

KSH International Limited IPO Shareholding Pattern:

KSH International Limited IPO FAQ:

Ans. The finalization of Basis of Allotment for KSH International IPO will be done on Friday, December 19, 2025, and the allotted shares will be credited to your demat account by Mon, Dec 22, 2025.

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