Prime Highlights
- KSH International has secured ₹213 crore from anchor investors at ₹384 per share, reflecting strong interest from leading global institutions, insurers, and mutual funds.
- The ₹710 crore IPO opens today and is scheduled to list on the BSE and NSE on December 23, 2025.
Key Facts
- The IPO comprises a fresh issue of ₹420 crore and an offer-for-sale worth up to ₹290 crore by promoters, with a price lot size of 39 shares.
- Founded in 1981, KSH International is India’s third-largest magnet winding wire manufacturer by capacity in FY25 and the largest exporter by revenue, according to CARE Ratings.
Background
KSH International, a Pune-based manufacturer and exporter of magnet winding wires, has raised ₹213 crore from anchor investors ahead of its initial public offering, which opens for public subscription today. The ₹710 crore IPO will remain open until December 18, with the company’s shares expected to debut on the BSE and NSE on December 23, 2025.
In a regulatory filing, the company said it allotted 55,46,874 equity shares to anchor investors at a price of ₹384 per share. The anchor book attracted strong interest from leading global and domestic institutions, including HSBC Global Investment Funds – Asia ex Japan Equity Smaller Companies, Société Générale – ODI, Kotak Mahindra Life Insurance Company, and Edelweiss Life Insurance Company.
Several mutual fund schemes also participated in the anchor round. These included HDFC Manufacturing Fund, Kotak Infrastructure & Economic Reform Fund, LIC MF Large and Mid-Cap Fund, Bank of Baroda Small Cap Fund, and Malabar India Fund. Out of the total anchor allocation, more than 41 lakh shares were allotted to five domestic mutual funds across multiple schemes.
The public issue consists of a fresh issue of equity shares worth ₹420 crore and an offer-for-sale of up to ₹290 crore by the company’s promoters. Investors can apply for at least 39 shares and then in multiples of 39. The IPO reserves up to 50% for qualified institutional buyers, 15% for non-institutional investors, and up to 35% for retail investors.
Founded in 1981, KSH International makes magnet winding wires and serves customers in India and abroad. According to CARE Ratings, the company was the third-largest manufacturer in India by capacity in FY25 and the biggest exporter by revenue in the same year.
