KSH International Ltd IPO

The Company is one of the leading manufacturers of magnet winding wires in India with a comprehensive suite of products used across multiple end use industries.

The Company has large, strategically located, manufacturing facilities with focus on advanced technologies and new product and process development.

The Company has long standing relationships with its diversified customer base both domestically as well as globally.

The Company has a proven track record necessary certifications and accreditations in an industry which has high barriers to entry.

The company depends on certain customers for a significant portion of the revenue from operations. Its top 10 customers contributed to 53.97%, 52.54%, 57.10% and 58.99% of the revenue from operations for the three-month period ended June 30, 2025, and Fiscals 2025, 2024 and 2023, respectively. Any decrease in demand from such customers, the loss of such customers or its inability to diversify the customer base could have an adverse effect on its business, results of operations, financial condition and cash flows.

The company business is dependent on suppliers to procure its raw materials (top 10 suppliers contributed to 98.91%, 98.45%, 96.93% and 98.58% of the total cost of raw materials and components purchased for the three-month period ended June 30, 2025, and Fiscals 2025, 2024, and 2023, respectively). The company has not entered into long-term agreements with these suppliers, and any loss of suppliers or interruptions in the timely delivery of raw materials or volatility in their prices could have an adverse impact on the company business, financial condition, cash flows and results of operations.

Any shortfall in the supply or availability of raw materials including aluminium or copper, which are the company primary raw materials (and copper also being its principal raw material), or insulating materials, such as enamel and paper, or an increase in its such material costs, or other input costs, may adversely affect the pricing and supply of the company products and have an adverse effect on its business, results of operations and financial condition.

A significant portion of the company revenue from operations i.e. 71.73%, 74.79%, 75.17% and 79.08% of its operating revenue for the three-month period ended June 30, 2025 and Fiscals 2025, 2024 and 2023, respectively is attributable to the power sector (generation, transmission and distribution) industry ("Power Sector"). Any economic cyclicality coupled with reduced demand or negative trend in the Power Sector industry or other industries that its operate in, could adversely affect the company business, results of operations and financial condition.