KSH International's Ambitious Expansion: Rs 710 Crore IPO on the Horizon

KSH International plans to raise Rs 710 crore through its IPO starting December 16. The offering includes fresh share issues worth Rs 420 crore, intended for debt repayment and expansion. The company operates three facilities and exports to 24 countries.

KSH International, the noted manufacturer of magnet winding wires, announced plans to raise Rs 710 crore through an Initial Public Offering (IPO) opening on December 16. The issue will conclude on December 18, with anchor bidding set for December 15.

Based in Pune, the company aims to utilize the Rs 420 crore raised from new share issuance to pay off debt and expand operations by setting up new machinery at its Supa and Chakan facilities in Maharashtra. A portion of the funds will also support general corporate purposes and the installation of a rooftop solar power plant.

With a broad customer base, including giants like Bharat Heavy Electricals and Hitachi Energy India, KSH International exports its products to 24 countries. The company's upcoming IPO is set to list on the NSE and BSE, managed by Nuvama Wealth Management and ICICI Securities.

(With inputs from agencies.)