KSH International Ltd. share price target

Riding the Electrification Cycle: Capacity, Complexity and Growth Visibility at KSH KSH International is a 45-year-old manufacturer of magnet winding wires used in power transformers, industrial motors, EV motors, compressors, and other electrical equipment. The company is among India's leading suppliers of winding wires and the country's largest exporter of winding wires, servicing over 120 domestic and global OEM customers across 24 countries. KSH derives 75% of its revenue from specialized winding wires, primarily catering to the transmission and distribution (T&D) ecosystem through products such as Continuously Transposed Conductors (CTC), paper-insulated conductors and other high-value-added winding wires. The company currently operates four manufacturing facilities with installed capacity of 43,445 MT, which is expected to increase to approximately 59,000 MT by FY27, supported by ongoing expansion initiatives. The company benefits from longstanding customer relationships, stringent qualification requirements and approvals across highvoltage transformer applications, including HVDC transformers. Following are the key takeaways from the interaction:...

Plugged into the High Voltage Growth

Demand for transformers is surging in domestic and global markets, especially that for power transformers. As a result, transformer manufacturers are expanding their manufacturing footprint.

Issue Snapshot: Issue Open: December 16 - December 18, 2025 Price Band: Rs. 365-384/share *Issue Size: Up to Rs 710 crore (Fresh issue of upto Rs 420 crore + Offer for sale of upto Rs 290 crore) Reservation for: QIB atleast 50% eq sh Non-Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 35% eq sh Face Value: Rs 5 Bid size: - 39 eq. shares and in multiples thereof 100% Book built Issue IPO Note - KSH International Limited

Company is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025 .Company is also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2025. Company commenced its operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, in Maharashtra. Over the last four decades company have diversified its operations to include manufacturing various types of standard and specialized magnet...

IPO NOTE

KSH International Ltd (KSH) is the third largest manufacturer of magnet winding wires in terms of production capacity and the largest exporter of magnet winding wires in terms of export revenue in India as of FY25. The company's products include both a) specialized magnet winding wires (~70.1% of FY25 revenue) and b) standard magnet winding wires (~23.6% of FY25 revenue), which are critical components for capital goods such as transformers, motors, alternators & generators. These products are marketed and sold through the KSH' brand, which has developed strong brand recall and...