KSH International IPO opens Dec 16: Price band set at ₹365 to ₹384 per share; check lot size, objectives and key dates

KSH International IPO: Magnet winding wires maker KSH International's initial public offering will hit the primary market on Tuesday, December 16. The issue, with a price range of ₹365 to ₹384 per share, will end on December 18. Bidding for anchor investors will occur on December 15.

The initial share sale seeks to raise ₹710 crore by offering new shares worth ₹420 crore and an offer for sale (OFS) of ₹290 crore by promoters Kushal Subbayya Hegde, Rajesh Kushal Hegde, Pushpa Kushal Hegde and Rohit Kushal Hegde.

The fresh issue proceeds will be utilised for debt repayment, capital expenditure for purchasing new machinery, purchasing and setting up a rooftop solar power plant and general corporate purposes.

KSH International IPO: Lot size

Retail investors can apply for a minimum of 39 shares and in multiples thereof. Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

KSH International IPO timeline

Nuvama Wealth Management Ltd and ICICI Securities are the issue's book-running lead managers, while MUFG Intime India is the registrar.

About KSH International

KSH International, part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and in the last four decades, it has diversified its operations to manufacturing various types of standard and specialised magnet winding wires.

It markets and sells its products through its brand 'KSH', which has a strong brand recall and reputation in the industry over the years.

The company has 117 customers, which includes the likes of 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) Private Ltd, CG Power and Industrial Solutions Ltd and Emirates Transformer & Switchgear Ltd.

Also, KSH International has a significant global footprint and exports its products to 24 countries, including the USA, the UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan, as of December 31, 2024.