Mumbai 9 th December 2025 ( TGN): KSH International (the “Company”), the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025, has completed its pre-IPO (Initial Public Offering) placement of around ₹ 35 crore.
As per a media advertisement that was published in the Financial Express (English) on December 9, 2025. The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 911,458 equity shares for cash considerations, at an issue price of ₹ 384 per equity share (including a premium of ₹ 379 per equity share) which saw participation from Malabar India Fund Limited, Jabeen Ajay Menon, Ajay Menon, Sunil Nagayya Shetty, Salil Ajay Bhargava and Rupal K Sancheti.
Malabar India Fund was allocated 8, 51, 563 equity shares of the Company on December 8, 2025 for ₹ 384 per equity share each aggregating to ₹ 32.7 crore. Rupal K Sancheti was allotted 39,062 equity shares at ₹ 384 per equity share aggregating to ₹ 1.5 crore and Salil Ajay Bhargava was allotted 13,021 equity shares at Rs 384 per equity share aggregating to Rs 0.5 crore.
The IPO is a fresh issue of Rs 420 crore and an offer-for-sale for up to Rs 325 crore by promoters – Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde and Rohit Kushal Hegde Promoter.
The company is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025 (source – CARE Report).
It is also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2025 (source – CARE Report). The company commenced its operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, Maharashtra, and over the last four decades it has diversified its operations to include manufacturing various types of standard and specialized magnet winding wires, which are tailored to customer specific requirements.
Its key products include round enamelled copper/ aluminium magnet winding wires, paper insulted rectangular copper/ aluminium magnet winding wires, continuously transposed conductors, rectangular enamelled copper/ aluminium magnet winding wires and bunched paper insulated copper magnet winding wires. The company’s products are critical components of capital goods like transformers, motors, alternators and generators.
