KSH International to launch Rs 710-crore IPO on December 16, sets price band at Rs 365-384 per share

The offer-for-sale size has been revised down from Rs 325 crore earlier, resulting into the reduction of IPO size from Rs 745 crore planned earlier as per the DRHP.

Magnet winding wires maker KSH International is set to launch its Rs 710-crore initial share sale for public subscription on December 16, with price band at Rs 365-384 per share.

The company is raising Rs 420 crore by issuing fresh shares, while promoters will be selling shares worth Rs 290 crore via offer-for-sale, as per the Red Herring Prospectus filing on December 10.

The offer-for-sale size has been revised down from Rs 325 crore earlier, resulting into the reduction of IPO size from Rs 745 crore planned earlier as per the DRHP.

KSH International had filed draft papers for its IPO in May this year, which subsequently were approved by the SEBI in August.

The IPO anchor book will be launched for a day on December 15, while the offer will remain open for the public on December 18. The IPO share allotment will be finalised by December 19, while the trading in KSH shares will commence on the bourses effective December 23.

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Investors can bid for a minimum of 39 equity shares and in multiples of 39 shares thereafter. Half of the offer size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remainder 35 percent share for retail investors.

KSH International that claims the third largest manufacturer of magnet winding wires in India in terms of production capacity will utilise Rs 226 crore of fresh issue proceeds for repayment of certain borrowings.

Further, Rs 87 crore will be used for purchasing and setting up of new machinery for Supa, and Chakan facilities, Rs 8.8 crore for purchasing and setting up of a rooftop solar power plant for power generation at Supa facility, and the remainder funds for general corporate purposes.

With three manufacturing facilities having a combined annual capacity of 29,045 MT, Pune-based KSH International has recorded profit of Rs 22.6 crore on revenue of Rs 558.7 crore for the quarter ended June 2025.

The merchant bankers managing the KSH International IPO are Nuvama Wealth Management, and ICICI Securities.