Mumbai, December 15, 2025 (TGN) : KSH International Limited Limited, is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025 (source – CARE Report), has garnered Rs 213 crore from anchor investors ahead of its initial public offering that opens for public subscription on December 16. The company informed the bourses that it allocated 55, 46, 874 equity shares at Rs 384 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include HSBC Global Investment Funds – Asia ex Japan equity Smaller Companies, Societe Generale – ODI, Kotak Mahindra Life Insurance Company and Edelweiss Life Insurance Company.
Amongst equity oriented schemes, the company has allocated shares to HDFC Mutual Fund – HDFC Manufacturing Fund, Kotak Infrastructure & Economic Reform Fund, LIC MF Large and Mid-Cap Fund, Bank of Baroda Small Cap Fund and Malabar India Fund.
Out of the total allocation of 55, 46, 874 equity shares to the anchor investors, 41, 40, 591 were allocated to 5 domestic mutual funds through schemes.
ICICI Securities and Nuvama Wealth Management are the book-running lead manager; and MUFG Intime India Private Limited is the registrar of the offer.
IPO Details
The IPO is a combination of fresh issue of Rs 420 crore and an offer-for-sale for up to Rs 290 crore by promoters – Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde and Rohit Kushal Hegde Promoter.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, December 16, 2025, for subscription and close on Thursday, December 18, 2025.
The IPO will fetch Rs 710 crore at the upper end of the price band.
Investors can bid for a minimum of 39 Equity Shares and in multiples of 39 Equity Shares thereafter.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
Company Information
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.
