KSH International Files DrHP for £ 745-Crore IPO | Einsmark news

KSH International, a manufacturer of Pune-based Magnet Winding Wires, submitted preliminary articles to market regulator Sebi on Thursday to start its initial public offering (IPO). KSH International plans to raise £ 745 crore from the exchange trading. The proposed KSH International IPO is a combination of a new edition of £ 420 shares and an offer-for-sales (OFS) of £ 325 shares by promoters, according to the Draft Red Herring Prospectus (DRHP). The company plans to utilize the net expense yields of the new expense to the extent of £ 225.98 for the payment of debt, £ 90.06 to set up new machinery for expansion at the Supa facility and the purchase and setting up of new machinery at Chakan, Puns in Maharashtra. In addition, £ 10.41 crore will be used for the erection of a roof solar power plant at the SUPA facility; and a portion will be used for general corporate purposes. It is suggested that KSH International Equity shares will be listed on both the stock exchanges – NSE and BSE. Nuvama Wealth Management and ICICI Securities are the Book Managers of KSH International IPO, while MUFG INGIGE INDIA is the IPO registrar. About KSH International KSH International, part of the KSH group, its operations began in 1981 with the manufacture of magnet -wrenching wires in Raigad, Maharashtra, and in the past four decades it has diversified its operations to produce different types of standard and specialized magnet wires. The company operates three manufacturing facilities, two of which are located in Chakan and one in Taloja, Raigad. There is an upcoming fourth facility in Supa, Ahilyanagar, which is expected to start in FY26. With its SUPA expansion, KSH is expected to more than double its capacity from 29.045 MT on December 31, 2024 to 59.045 MT in the next two years, according to a care report. The company markets and sells its products through its brand ‘KSH’, with a strong brand recycle and reputation in the industry over the years. It has 112 clients on December 31, 2024, which holds Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd (Bhel), Georgia Transformer Corporation, Hitachi Energy India, Siemens Energy India, Hind Rightifiers, Toshiba Transmission & Distribution Systems), Private Ltd., CGG Power and Industrial Solutions Ltd and Emires (& Switchgear Ltd. KSH International also exports its products to 24 countries, including the US, the UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan. 1,382.82 crore in FY24 of £ 1,049.46 crore in the preceding financial year. not.