KSH International IPO 2025: Subscription Update, Issue Details, and Listing Timeline

Market Performance

The KSH International IPO, which opened for subscription on December 16, 2025, has seen a muted response from investors so far. On Day 3, the IPO remains partially subscribed, reflecting cautious sentiment among retail and institutional participants. The broader Indian stock markets remain steady, but the IPO segment has drawn attention due to the company’s strong operational profile and sector positioning.

Main News: KSH International IPO Subscription Status

KSH International, a leading manufacturer of magnet winding wires, aims to raise ₹710 crore through its public offering. The issue is priced in a band of ₹365–₹384 per share.

• Day 3 Subscription: The IPO is yet to be fully subscribed, with bids covering only a fraction of the total shares on offer. The retail portion has attracted moderate interest, while non-institutional investors and QIB segments are still catching up.
• Total Shares on Offer: 1.85 crore shares, split between a fresh issue of 1.09 crore shares (₹420 crore) and an Offer for Sale (OFS) of 0.76 crore shares (₹290 crore).
• Lot Size for Retail Investors: 39 shares per application, requiring a minimum investment of ₹14,976 at the upper price band.

The IPO is structured with a clear allocation: at least 35% for retail investors, 15% for non-institutional investors, and up to 50% for qualified institutional buyers.

Company Details and Operational Focus

KSH International serves 117 prominent clients across sectors, including power, renewables, electric vehicles, and industrial applications. Key customers include Bharat Heavy Electricals Ltd, Hitachi Energy India, Siemens Energy India, and Toshiba Transmission & Distribution Systems (India) Pvt Ltd.

The company plans to deploy proceeds from the fresh issue for:

• Repayment of ₹226 crore in existing debt.
• Expansion of manufacturing capacity with new machinery at the Supa and Chakan facilities.
• Setting up a rooftop solar power facility at the Supa plant.
• General corporate purposes to strengthen operational flexibility.

IPO Allotment and Listing Timeline

• Allotment Date: December 19, 2025
• Share Credit Date: December 22, 2025
• Listing Date: December 23, 2025, on BSE and NSE

Successful applicants will receive shares on December 22, while refunds for non-allottees will be processed on the same day.

Summary

KSH International’s IPO has garnered attention due to its leadership in the magnet winding wires segment and strategic exposure to high-demand sectors like renewables, industrials, and electric vehicles. While subscription momentum remains moderate, the IPO offers a structured allocation and a transparent timeline for allotment and listing. With clear plans for fund utilisation and operational expansion, the company positions itself for sustained growth in the coming years.