Archive · 11 Dec 2025
KSH International IPO Opens December 16
KSH International, a company that makes special wires for magnets, is opening its IPO on December 16.
The IPO is worth Rs 710 crore, with shares priced between Rs 365 and Rs 384.
The company wants to use the money to grow its business and help its owners sell some of their shares.
Before the IPO, the company already raised Rs 35 crore from a few investors.
The company hopes to become the biggest exporter in its field by 2025.
The shares will start trading on the stock exchanges on December 23.
KSH International's IPO opens on December 16, 2023, with a price band of Rs 365 to Rs 384 per share.
The IPO consists of a fresh issue of Rs 420 crore and an offer-for-sale of Rs 290 crore by promoters.
The company aims to use the proceeds for business expansion and working capital, with promoters partially exiting.
Pre-IPO placement raised Rs 35 crore through the allocation of 9.11 lakh shares at Rs 384 per share.
KSH International is expected to become India's largest exporter in the magnet winding wire segment by FY25.
- Who
- KSH International, a manufacturer of magnet winding wires, and its promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde
- What
- Initial public offering (IPO) of Rs 710 crore
- When
- Opens on December 16, 2023, and closes on December 18, 2023
- Where
- Company is based in Taloja, Raigad, Maharashtra, India. Listing on BSE and NSE on December 23, 2023
- Why
- To support business growth, strengthen working capital, and allow promoters to partially liquidate holdings
Investors
Promoters
IPO Purpose
Investors
Investors see the IPO as an opportunity to gain from the company's growth and potential market leadership in the magnet winding wire segment.
Promoters
Promoters are using the IPO to partially exit their holdings and raise funds for business expansion and working capital.
- IPO Opening Date
- December 16, 2023
- IPO Closing Date
- December 18, 2023
- Price Band
- Rs 365 to Rs 384 per share
- Face Value
- Rs 5 per share
- Issue Size
- Rs 710 crore
- Fresh Issue
- Rs 420 crore
- Offer-for-Sale (OFS)
- Rs 290 crore
- Post-Issue Market Capitalisation
- Rs 2,602 crore
- Minimum Lot for Retail Investors
- 39 shares (Rs 14,976)
- Minimum Lot for Small HNIs
- 546 shares (Rs 2,09,664)
- Minimum Lot for Big HNIs
- 2,613 shares (Rs 10 lakh)
- Book Running Lead Managers
- Nuvama Wealth Management, ICICI Securities
- Registrar
- MUFG Intime India
- Listing Date
- December 23, 2023
- Listing Exchanges
- BSE, NSE
- Pre-IPO Placement
- Rs 35 crore
- Pre-IPO Placement Shares
- 9.11 lakh equity shares at Rs 384 per share
- Estimated Export Revenue Rank
- Largest exporter in magnet winding wire segment by FY25
Sources
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