KSH International will utilize the fresh issue proceeds for debt payment (INR 225.98 crore), installation of machinery at Supa facility & Unit 2 in Chakan (INR 90.06 crore), establishment of a rooftop solar power plant at its Supa factory (INR 10.41 crore), and general corporate purposes.

May 26, 2025

KSH International, a prominent manufacturer and global exporter of magnet winding wires, has initiated the process for an initial public offering (IPO) worth INR 745 crore, including a fresh issue of equity shares amounting to INR 420 crore, alongside an offer-for-sale (OFS) of shares worth INR 325 crore by existing promoters.

The company has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for approval.

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KSH International plans to utilize proceeds from the fresh issue for multiple strategic initiatives.

A significant portion of the proceeds, approximately INR 225.98 crore, would be used to reduce the company’s debt, while INR 90.06 crore would be allocated for the installation of new machinery to expand production capacity at its Supa facility and Unit 2 in Chakan, Maharashtra.

In line with its sustainability goals, KSH International also plans to invest INR 10.41 crore in a rooftop solar power plant at the Supa facility. The remaining funds would be utilized for general corporate requirements.

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The company, which operates in over 24 countries, intends to list its equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).