KSH International, a manufacturer of magnet winding wires, has completed a pre-IPO placement amounting to approximately ₹35 crore. The company allotted 9.11 lakh equity shares through a private placement at a price of ₹384 per share, including a premium of ₹379. The placement was carried out in consultation with the book-running lead managers.
Investor Participation
Several investors participated in the placement. Malabar India Fund acquired 8.51 lakh shares at ₹384 per share on December 8, representing an investment of ₹32.7 crore. Rupal K. Sancheti received 39,062 shares valued at ₹1.5 crore, while Salil Ajay Bhargava was allotted 13,021 shares amounting to ₹0.5 crore. Other participating investors included Jabeen Ajay Menon, Ajay Menon, and Sunil Nagayya Shetty.
Details of the Upcoming IPO
KSH International’s planned initial public offering will include a fresh issue of shares aggregating to ₹420 crore. In addition, promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde will undertake an offer-for-sale of equity shares totaling up to ₹325 crore.
Company Background
Established in 1981, KSH International began its operations with a manufacturing facility in Taloja, Raigad, Maharashtra. Over the years, the company has expanded its operations and offers a range of standard and customised magnet winding wires. According to a report by CARE Ratings, KSH International is positioned to become India’s largest exporter of magnet winding wires by export revenue in FY25.
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