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KSH IPO: Magnet Wire Maker Eyes Rs 710 Cr Boost
18 Dec
Summary
- KSH International IPO aims to raise Rs 710 crore via fresh issue and OFS.
- Grey market premium sees a small uptick to 1.6% on day two.
- The company is India's third-largest magnet wire maker by capacity.
The KSH International IPO, aiming to raise Rs 710 crore, is currently in its second day of subscription. The offer comprises a fresh issue of Rs 420 crore for business purposes and an offer for sale (OFS) of Rs 290 crore by promoters. The company, India's third-largest magnet winding wire manufacturer by production capacity, experienced modest investor participation on the first day, with a 15% subscription rate.
The grey market premium (GMP) has seen a slight increase to 1.6%, suggesting cautious optimism. The IPO opened on December 16, 2025, and will close on December 18, 2025. KSH International manufactures specialized wires for sectors like power transmission, renewable energy, and electric vehicles, with exports accounting for a significant portion of its revenue.
Proceeds from the IPO are earmarked for debt repayment and capacity expansion, including investment in new machinery and a rooftop solar power plant. Analysts recommend subscribing for the long term, citing the company's competitive positioning and favorable demand outlook, though risks like raw material price volatility and customer concentration are noted.
