KSH International Limited is India's third-largest manufacturer of magnet winding wires by production capacity and the largest exporter by revenue as of Fiscal 2025. Established in 1981, the company produces a comprehensive range of standard and specialized magnet winding wires, including round enamelled copper and aluminium wires, paper-insulated rectangular wires, and continuously transposed conductors. These products are critical components in capital goods like transformers, motors, and generators, serving diverse end-use industries such as power generation and distribution, renewables, industrials, railways, and automotives, including electric vehicles.
Dec 16, 2025
Dec 18, 2025
Dec 23, 2025
Mainboard
Open
710 Cr
420 Cr
290 Cr
₹365 - ₹384
39
The Net Proceeds of the Fresh Issue are proposed to be utilised towards the following Objects:
Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company, amounting to an estimated ₹225.98 crores.
Funding the capital expenditure requirements for purchasing and setting up of new machinery for expansion at the Supa Facility (Phase II Expansion) and at Unit 2 in Chakan, Pune, amounting to an estimated ₹87.02 crores.
Funding the capital expenditure requirements towards purchasing and setting up of a rooftop solar power plant for power generation at the Supa Facility, amounting to an estimated ₹8.83 crores.
Funding general corporate purposes, which may include strategic initiatives, funding growth opportunities, brand building, and other operational expenses in the ordinary course of business.
32.09
11.97
22.77%
16.6%
22.77%
—
3.51%
6.35%
7.31
Third largest manufacturer of magnet winding wires in India by production capacity.
Largest exporter of magnet winding wires from India, with a significant global footprint across 24 countries.
Comprehensive product suite serving multiple end-use industries including power, renewables, and automotives.
Long-standing relationships with a diversified domestic and global customer base, including major OEMs.
High dependence on top 10 customers, who contributed over 50% of revenue from operations in recent fiscal years.
Significant reliance on top 10 suppliers for raw materials, with whom no long-term agreements exist.
A substantial portion of revenue (over 70%) is attributable to the power sector, indicating concentration risk.
Potential for delays and cost overruns in the completion of new manufacturing facilities, like the Supa Facility.
Robust growth in the Indian electric wires and cables market, projected to reach USD 29.85 billion by CY28.
Increasing global adoption of Electric Vehicles (EVs), creating high demand for specialized winding wires.
Strong government focus on infrastructure development and renewable energy expansion in India.
Leveraging the 'China Plus One' strategy as global companies diversify their supply chains.
High volatility in the prices of primary raw materials like copper and aluminium, impacting input costs.
Fluctuations in foreign currency exchange rates affecting both export revenues and import costs.
Intense competition from established domestic and global players, as well as the unorganized sector.
Stringent and evolving regulatory requirements related to product quality, safety, and environmental standards.