IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.
About IPO Scanner
IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.
Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.
Details of client bank account
For any query / feedback / clarifications, email at
[email protected].
Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.
© 2026 IPO Scanner. All rights reserved.
Want to stay updated?Subscribe to our newsletter
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.
Revenue Growth
Sotefin Bharat
Caliber Mining & Logistics
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 | |
Gulf Lloyds (India) SME | 20th Jul 2026 - 22nd Jul 2026 | 18.19 Cr | 1200 Shares | ₹ 100.00 |

Open Date
16 Dec 2025
Close Date
18 Dec 2025
Min Investment
₹14976
Lot Size
39 Shares
Issue Size
₹710 Cr
Price Range
₹365 - ₹384
Listing Date
Dec 23, 2025
IPO Doc
RHP PDFCompany Valuation
Earning Expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.
The company will use ₹225.98 crore towards pre-payment in full or part of certain borrowings. ₹87.01 crore will be used to buy new machinery for expansion at the Supa and Chakan plants. ₹8.83 crore will be used to purchase and set up a rooftop solar power plant at the Supa Facility. IPO funds cover general corporate needs and unannounced acquisitions
Repayment of borrowings
53.8%
Purchase new machinery
20.7%
Capex for solar power plant
2.1%
General corporate purposes
23.3%
The company will use ₹225.98 crore towards pre-payment in full or part of certain borrowings.
₹87.01 crore will be used to buy new machinery for expansion at the Supa and Chakan plants.
₹8.83 crore will be used to purchase and set up a rooftop solar power plant at the Supa Facility.
IPO funds cover general corporate needs and unannounced acquisitions
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 30-Jun-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 562.60 | 1938.19 | 1390.50 | 1056.60 |
| EBITDA | 40.28 | 122.53 | 71.46 | 49.90 |
| Expenses | ||||
| Profit After Tax | 22.68 | 67.99 | 37.35 | 26.61 |
| Assets | 793.28 | 744.91 | 482.71 | 359.18 |
| Net Worth | 321.47 | 298.55 | 230.95 | 193.66 |
| Reserves | 293.07 | 270.14 | 225.26 | 187.97 |
| Borrowing | 379.39 | 360.05 | 206.81 | 120.35 |
Kushal Subbayya Hegde
Pushpa Kushal Hegde
Rajesh Kushal Hegde
Rohit Kushal Hegde
Rakhi Girija Shetty
N/A
N/A
KSH International
11/3, 11/4 and 11/5 Village Birdewadi Chakan Taluk Khed Pune, Maharashtra, 410501
MUFG Intime India Pvt.Ltd.
The company had 122 customers in FY25. Out of these, 94.54% of the FY25 operating revenues were generated by 5 of the 122 customers. 69.50% of revenues were from domestic operations, and exports accounted for 30.50% as of June 2025.
The company exports its products in 24 countries, including North America, Europe, the Middle East, and Asia, thereby lessening the risks of concentration in the geographical areas. Some of the top global customers are Toshiba T&D Systems and Meidensha Corporation, which shows that the company is globally accredited and its products are reliable. Export revenues grew at a CAGR of 19.85% between FY23 and FY25.
The company benefits from approvals by key government and institutional clients, including PGCIL (up to 765kV and HVDC transformers), NTPC (CTC supply), NPCIL (CTC up to 220kV), and RDSO (CTC for locomotive transformers). In addition to ISO 9001, 14001, 45001, and IATF 16949, these certifications open up more tender-driven high-value opportunities and serve as substantial barriers to entry.
The cost of raw material accounted for 96.29% of total expenses for Q1FY26; thus, there is very little margin protection against input inflation. Copper and aluminium prices have increased at 3.1% and 0.5% CAGR, respectively, over the last 3 years. The company is not always able to pass on the price increase to the customers. In case of an unfavourable LME price or forex-induced cost increase, the company's pricing competitiveness may be affected.
The power sector contributed 71.73%, 74.79%, and 75.17% of operating revenues for Q1FY26, FY25, and FY24, respectively. Due to its dependence on one sector only, the company is exposed to the cyclicality, tariff structures, and regulatory changes that affect this sector. Any reduction in the power sector's capital expenditures or a policy change will have a great impact on the company's revenue.
Exports accounted for 30.75% of sales in Q1FY26, 33.20% in FY25, and as high as 43.93% in FY23. Therefore, the company’s business is vulnerable to the risks associated with tariffs, regulations, and geopolitics. Lately, the US tariff hikes have increased the effective duties on HTS 8544 products up to 50%. As a result, demand in a significant market may decline. Moreover, the absence of international offices and dependence on third-party agents may also cause tender participation, business development, and customer service capacity to slow down.