When is KSH International's IPO opening and closing?

KSH International's IPO opens on December 16 and closes on December 18.

How much money is KSH International looking to raise through its IPO?

KSH International plans to raise Rs 710 crore through its IPO.

What does KSH International primarily manufacture?

KSH International is a leading manufacturer of magnet winding wires used in electrical equipment.

Home / Business and Economy / KSH International IPO: India's Wire Giant Goes Public

KSH International IPO: India's Wire Giant Goes Public

17 Dec

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Summary

KSH International aims to raise Rs 710 crore via IPO on December 16.
The company is India's third-largest magnet winding wire manufacturer.
IPO funds will reduce debt and expand manufacturing capacity.

KSH International IPO: India's Wire Giant Goes Public

KSH International, a prominent player in the magnet winding wires sector, is set to launch its Initial Public Offering (IPO) on December 16, aiming to secure Rs 710 crore. This significant fundraising effort is comprised of a fresh issue of Rs 420 crore and an offer for sale worth Rs 290 crore. The company is recognized as the third-largest manufacturer of magnet winding wires in India by production capacity.

The IPO, which will remain open until December 18, has set a price band of Rs 365-384 per share, with tentative listing dates on the NSE and BSE around December 23. Ahead of this public offering, KSH International successfully raised Rs 213 crore from anchor investors, including notable domestic and foreign financial institutions. This strong anchor backing underscores investor confidence in the company's prospects.