KSH International IPO Day 1: The initial public offering (IPO) of KSH International opened for subscription today, December 16, and will remain available to investors until Thursday, December 18. The IPO has a price band set between ₹365 and ₹384 per share. KSH International plans to raise ₹710 crore through the public issue, which includes both new shares and an offer for sale. The offer includes a fresh issue of 1.09 crore shares amounting to ₹420.00 crore and an offer for sale of 0.76 crore shares totaling ₹290.00 crore. The basis of award is scheduled for Friday 19 December 2025, with successful bidders expected to receive shares on Monday 22 December. Refunds for those who do not receive award will also be issued on the same day. The company’s shares are expected to debut on the BSE and NSE on December 23, 2025, subject to final approval. Funds raised from the new portion of the issue will be directed towards debt repayment, installation of new machinery for expansion at the company’s Supa facility, acquisition and setup of additional machinery at Chakan in Pune, installation of a rooftop solar plant at the Supa location, and general corporate purposes. The lot size for applications is 39 shares, with the minimum investment for retail participants being ₹14,976 at the upper end of the price band. Separately, KSH International, a maker of magnet winding wires, on Monday announced that it has raised ₹213 crore from anchor investors ahead of the IPO’s opening for public bidding. Institutions participating in the anchor book include HSBC Global Investment Funds, Societe Generale, Kotak Mahindra Life Insurance Company, Edelweiss Life Insurance Company, HDFC Mutual Fund, Kotak Mutual Fund, LIC Mutual Fund and Bank of Baroda Mutual Fund, according to a BSE filing. Of the total net supply, not more than 50% is earmarked for qualified institutional buyers, not less than 35% for retail investors and not less than 15% for non-institutional investors. Nuvama Wealth Management Ltd. acts as the lead manager of books, while MUFG Intime India Pvt. Ltd. acts as the registrar for the issue. KSH International IPO GMP Today Investor sentiment towards the IPO is muted as KSH International’s gray market premium (GMP) on December 16 is ₹0. It suggested that the stock was likely to debut at ₹384, the same as IPO price. ‘Grey market premium’ indicates investors’ willingness to pay more than the issue price. KSH International IPO Subscription Status The issue will be at 10:00 am. open for subscription. Should you subscribe to the IPO? Angel One gave a positive outlook on the KSH International IPO, noting that the issue is reasonably valued and supported by strong sector fundamentals. At the upper end of the price band, ₹384, the IPO is priced at a post-issue P/E of 28.68x. The brokers highlighted the company’s continued earnings growth, improved yield ratios and leadership position in the magnet winding wire market, along with demand tailwinds from the power, renewables, EV and industrial segments. “We believe the IPO is fairly priced at a P/E of 28.68x, and with strong earnings traction, improved ratios and favorable operating drivers, the issue offers good long-term visibility for investors,” Angel One said, assigning a “Subscribe” rating to medium to long-term investors. About KSH International KSH International, part of the KSH Group, started manufacturing magnet winding wires in 1981 at its Raigad, Maharashtra facility. Over the past four decades, it has expanded to a wide range of standard and specialized magnet winding wires, marketed under the ‘KSH’ brand, which enjoys strong industry recognition. The company serves 117 customers including Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd, Georgia Transformer Corporation, Hitachi Energy India, Siemens Energy India, Hind Rectifiers, Toshiba Transmission & Distribution Systems (India) Pvt Ltd, CG Power and Industrial Solutions Ltd and Emirates Transformer & Switchgear Ltd. 31, 2024. Key markets include the US, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan. In FY25, revenue rose 39% year-on-year, while profit after tax increased 82%. As of March 31, 2025, the company reported a debt-equity ratio of 1.17, RoE of 22.77%, PAT margins of 3.51% and a Price-to-Book Value of 7.31. View full image KSH International IPO Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.