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15 Days Price Change

KSH International IPO

Closing In

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Profile
Issue Size 522.87 Cr
Profile
Price Range 365  to  384 per share
Profile
Min Investment ₹384
Profile
Lot Size 1
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Face Value ₹5
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2024 (Source:CARE Report). We are also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2024(Source: CARE Report). We commenced our operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, inMaharashtra. Over the last four decades we have diversified our operations to include manufacturing various types of standardand specialized magnet winding wires which are tailored to customer specific requirements. Our key products include roundenamelled copper/ aluminium magnet winding wires, paper insulted rectangular copper/ aluminium magnet winding wires,continuously transposed conductors, rectangular enamelled copper/ aluminum magnet winding wires and bunched paperinsulated copper magnet winding wires. Our products are critical components of capital goods such as transformers, motors,alternators and generators. These products (transformers, motors, alternators and generators) find application in end-useindustries such as power (generation, transmission and distribution), renewables, industrials, railways, automotives (EV andICE), home appliances, refrigeration and air conditioning. Read More

Basic Info

Face Value 5 per share

Price 365  to  384 per share

P/E (x) 32

Sales( Cr.) 1928

PAT( Cr.) 68

EPS 12

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Kushal Subbayya Hegde Pushpa Kushal Hegde Rajesh Kushal Hegde Rohit Kushal Hegde Rakhi Girija Shetty Dhaulagiri Family Trust Everest Family Trust Makalu Family Trust Broad Family Trust Annapurna Family Trust Kanchenjunga Family Trust Waterloo Industrial Park Pvt Ltd.

Pre Issue Share Holding 98.4%

Post Issue Share Holding 73.89%

Listing Details:

Listing Price: 370

Listing Gain: -3.78%

Current Price: 793.2

Gain On Issue: 793.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 16, 2025
Closing Date Dec 18, 2025
Allotment Dec 19, 2025
Refund Dec 22, 2025
Delivery of Shares Dec 22, 2025
Listing Date Dec 23, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 39 14,976
Retail (Max) 13 507 194,688
S-HNI (Min) 14 546 209,664
S-HNI (Max) 66 2574 988,416
B-HNI (Min) 67 2613 1,003,392

Objective of the Issue

1. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company.2. Funding the capital expenditure requirements of our Company towards:(i) purchasing and setting up of new machinery for expansion at our Supa Facility (“Phase II Expansion at our Supa Facility”).(ii) purchasing and setting up of new machinery at Unit 2 in Chakan, Pune in Maharashtra.3. Funding the capital expenditure requirements of our Company towards purchasing and setting up of a rooftop solar power plant for power generation at our Supa Facility.4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 3890410 4141956 1.1x
NII 2917809 1215240 0.4x
Retail 6808219 5878431 0.9x
EMP 0 0 0x
Total 13616438 11235627 0.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

KSH International Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 871 1049 1383 1928
Other Income 6 7 8 10
Total Income 876 1057 1390 1938
Total Expenditure 820 998 1311 1805
Operating Profit 56 58 80 133
Interest 10 15 18 29
Depreciation 6 8 11 14
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 41 35 51 90
Provision for Tax 13 9 13 22
Profit After Tax 28 27 37 68
Adjustments 0 0 0 0
Profit After Adjustments 28 27 37 68
Adjusted Earnings Per Share 4.9 4.7 6.6 12

KSH International Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 167 194 231 299
Minority's Interest 0 0 0 0
Borrowings 7 8 34 116
Other Non-Current Liabilities 17 16 13 10
Total Current Liabilities 188 142 204 320
Total Liabilities 378 359 483 745
Fixed Assets 97 107 140 133
Other Non-Current Assets 22 15 16 137
Total Current Assets 259 236 327 475
Total Assets 378 359 483 745

KSH International Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 3 4 16
Cash Flow from Operating Activities -42 62 -17 -10
Cash Flow from Investing Activities -20 -20 -39 -118
Cash Flow from Financing Activities 52 -41 67 123
Net Cash Inflow / Outflow -10 1 11 -5
Closing Cash & Cash Equivalent 3 4 16 10

KSH International Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.85 4.68 6.57 11.97
CEPS(Rs) 5.91 6.13 8.5 14.43
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 29.4 34.08 40.65 52.54
Core EBITDA Margin(%) 5.81 4.88 5.21 6.39
EBIT Margin(%) 5.79 4.78 4.97 6.17
Pre Tax Margin(%) 4.66 3.38 3.66 4.69
PAT Margin (%) 3.17 2.54 2.7 3.53
Cash Profit Margin (%) 3.86 3.32 3.49 4.25
ROA(%) 7.29 7.22 8.87 11.08
ROE(%) 16.51 14.76 17.59 25.68
ROCE(%) 16.1 15.98 18.28 21.72
Receivable days 54.83 41.78 35.45 36.25
Inventory Days 42.55 36.68 31.98 32.55
Payable days 14.51 9.76 5.68 5.49
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.17 0.11 0.14 0.2
EV/Core EBITDA(x) 2.57 2.04 2.44 2.84
Net Sales Growth(%) 0 20.55 31.76 39.45
EBIT Growth(%) 0 -0.61 37.08 73.25
PAT Growth(%) 0 -3.47 40.34 82.03
EPS Growth(%) 0 -3.47 40.35 82.04
Debt/Equity(x) 0.88 0.62 0.9 1.21
Current Ratio(x) 1.38 1.66 1.6 1.48
Quick Ratio(x) 0.84 0.89 0.95 0.82
Interest Cover(x) 5.1 3.42 3.8 4.16
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 39% 30% 0% 0%
Operating Profit CAGR 66% 33% 0% 0%
PAT CAGR 84% 34% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 26% 19% 19% 19%
ROCE Average 22% 19% 18% 18%

Company Contact Information

KSH International Ltd.

Sarthak Malvadkar

+ 91 20 45053237

cs.connect@kshinternational.com

11/3, 11/4 And 11/5 Village Birdewadi Chakan, Taluka- Khed

IPO Lead Manager(s)

KSH International Ltd.

Nuvama Wealth Management Ltd.

ICICI Securities Ltd

Registrar Info

KSH International Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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