Latest news with #KSHInternational
Mint
24-05-2025
- Business
- Mint
KSH International files DRHP for ₹745-crore IPO
KSH International, a Pune-based magnet winding wires manufacturer, on Thursday filed preliminary papers with markets regulator Sebi to launch its initial public offering (IPO). KSH International plans to raise ₹ 745 crore from the IPO. The proposed KSH International IPO is a combination of a fresh issue of shares worth ₹ 420 crore and an offer-for-sale (OFS) of equity shares worth ₹ 325 crore by promoters, according to the draft red herring prospectus (DRHP). The company plans to utilise the net issue proceeds from the fresh issue to the extent of ₹ 225.98 crore for payment of debt, ₹ 90.06 crore to set up new machinery for expansion at its Supa facility and purchasing and setting up of new machinery at Chakan, Pune in Maharashtra. Moreover, ₹ 10.41 crore will be used for setting up of a rooftop solar power plant at its Supa facility; and a portion will be used for general corporate purposes. KSH International equity shares are proposed to be listed on both the stock exchanges - NSE and BSE. Nuvama Wealth Management and ICICI Securities are the book-running lead managers of KSH International IPO, while MUFG Intime India is the IPO registrar. KSH International, a part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and in the last four decades, it has diversified its operations to manufacturing various types of standard and specialised magnet winding wires. The company operates three manufacturing facilities, out of which two of these facilities are located in Chakan and one in Taloja, Raigad. There is an upcoming fourth facility in Supa, Ahilyanagar, which is expected to commence operations in FY26. With its Supa expansion, KSH is expected to more than double its capacity from 29,045 MT as of December 31, 2024, to 59,045 MT over the next two years, according to a CARE report. The company markets and sells its products through its brand 'KSH', with a strong brand recall and reputation in the industry over the years. It has 112 customers as of December 31, 2024, which includes the likes of Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd (BHEL), Georgia Transformer Corporation, Hitachi Energy India, Siemens Energy India, Hind Rectifiers, Toshiba Transmission & Distribution Systems (India) Private Ltd, CG Power and Industrial Solutions Ltd and Emirates Transformer & Switchgear Ltd. KSH International also exports its products to 24 countries, including, the US, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan. KSH International's revenue from operations increased to ₹ 1,382.82 crore in FY24 from ₹ 1,049.46 crore in the preceding financial year. The company's net profit grew to ₹ 37.35 crore in FY24 from ₹ 26.61 crore, year-on-year (YoY).
Mint
24-05-2025
- Business
- Mint
KSH International files DRHP for ₹745-crore IPO
KSH International, a Pune-based magnet winding wires manufacturer, on Thursday filed preliminary papers with markets regulator Sebi to launch its initial public offering (IPO). KSH International plans to raise ₹ 745 crore from the IPO. The proposed KSH International IPO is a combination of a fresh issue of shares worth ₹ 420 crore and an offer-for-sale (OFS) of equity shares worth ₹ 325 crore by promoters, according to the draft red herring prospectus (DRHP). The company plans to utilise the net issue proceeds from the fresh issue to the extent of ₹ 225.98 crore for payment of debt, ₹ 90.06 crore to set up new machinery for expansion at its Supa facility and purchasing and setting up of new machinery at Chakan, Pune in Maharashtra. Moreover, ₹ 10.41 crore will be used for setting up of a rooftop solar power plant at its Supa facility; and a portion will be used for general corporate purposes. KSH International equity shares are proposed to be listed on both the stock exchanges - NSE and BSE. Nuvama Wealth Management and ICICI Securities are the book-running lead managers of KSH International IPO, while MUFG Intime India is the IPO registrar. KSH International, a part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and in the last four decades, it has diversified its operations to manufacturing various types of standard and specialised magnet winding wires. The company operates three manufacturing facilities, out of which two of these facilities are located in Chakan and one in Taloja, Raigad. There is an upcoming fourth facility in Supa, Ahilyanagar, which is expected to commence operations in FY26. With its Supa expansion, KSH is expected to more than double its capacity from 29,045 MT as of December 31, 2024, to 59,045 MT over the next two years, according to a CARE report. The company markets and sells its products through its brand 'KSH', with a strong brand recall and reputation in the industry over the years. It has 112 customers as of December 31, 2024, which includes the likes of Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd (BHEL), Georgia Transformer Corporation, Hitachi Energy India, Siemens Energy India, Hind Rectifiers, Toshiba Transmission & Distribution Systems (India) Private Ltd, CG Power and Industrial Solutions Ltd and Emirates Transformer & Switchgear Ltd. KSH International also exports its products to 24 countries, including, the US, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan. KSH International's revenue from operations increased to ₹ 1,382.82 crore in FY24 from ₹ 1,049.46 crore in the preceding financial year. The company's net profit grew to ₹ 37.35 crore in FY24 from ₹ 26.61 crore, year-on-year (YoY). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
24-05-2025
- Business
- Business Standard
KSH International files for ₹745 cr IPO to fund expansion, debt repayment
KSH International, a manufacturer of magnet winding wires, has filed preliminary papers with markets regulator Sebi, seeking its approval to float a Rs 745-crore initial public offering (IPO). The Pune-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 420 crore and an offer-for-sale of stocks valued at Rs 325 crore by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue to the extent of Rs 225.98 crore will be used for payment of debt, Rs 90.06 crore to set up new machinery for expansion at its Supa facility and purchasing and setting up of new machinery at Chakan, Pune in Maharashtra; Rs 10.41 crore for setting up of a rooftop solar power plant at its Supa facility; and a portion will be used for general corporate purposes. KSH International, a part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and in the last four decades, it has diversified its operations to manufacturing various types of standard and specialised magnet winding wires. It markets and sells its products through its brand 'KSH', with a strong brand recall and reputation in the industry over the years. The company has 112 customers as of December 31, 2024, which includes the likes of Bharat Bijlee, Virginia Transformer Corporation, Bharat Heavy Electricals Ltd, Georgia Transformer Corporation, Hitachi Energy India, Siemens Energy India, Hind Rectifiers, Toshiba Transmission & Distribution Systems (India) Private Ltd, CG Power and Industrial Solutions Ltd and Emirates Transformer & Switchgear Ltd. Also, KSH International has a significant global footprint and exports its products to 24 countries, including, the US, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan. The company operates three manufacturing facilities, out of which two of these facilities are located in Chakan and one in Taloja, Raigad. Besides, there is an upcoming fourth facility in Supa, Ahilyanagar (formerly Ahmednagar), which is expected to commence operations in FY26. According to a CARE report, with its Supa expansion, KSH is expected to more than double its capacity from 29,045 MT as of December 31, 2024, to 59,045 MT over the next two years. KSH International's revenue from operations increased to Rs 1,382.82 crore in FY24 from Rs 1,049.46 crore in the preceding financial year and profit after tax grew to Rs 37.35 crore from Rs 26.61 crore. Nuvama Wealth Management and ICICI Securities are the book-running lead managers and MUFG Intime India is the registrar of the issue. The equity shares are proposed to be listed on the NSE and BSE.
Economic Times
24-05-2025
- Business
- Economic Times
KSH International IPO: Pune-based wire company files DRHP with Sebi to raise Rs 745 crore
Pune-based KSH International has filed a DRHP with SEBI to raise Rs 745 crore via IPO, comprising a Rs 420 crore fresh issue and Rs 325 crore OFS. The magnet winding wire manufacturer exports to 24 countries and plans to use proceeds for debt repayment, machinery expansion, and a solar plant setup. Its FY24 revenue rose 32% to Rs 1,383 crore. Tired of too many ads? Remove Ads About KSH International IPO Tired of too many ads? Remove Ads KSH International IPO proceeds About KSH International Tired of too many ads? Remove Ads KSH International financials IPO lead managers Pune-based manufacturer of magnet winding wires KSH International has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 745 crore through Initial Public Offering (IPO).The IPO is a mix of fresh issue of shares worth up to Rs 420 crore and an offer-for-sale (OFS) up to Rs 325 crore, where promoter shareholders will offload their shares in 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 less than 15% and 35% of the net offer is assigned to non-institutional and retail individual bidders, equity shares of KSH International are proposed to be listed on the NSE and proceeds from the fresh issue to the extent of Rs 225.98 crores will be used for prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the Rs 90.06 crore will be utilised towards funding the capital expenditure requirements of the company which is purchasing and setting up of new machinery for expansion at its Supa Facility and purchasing and setting up of new machinery at Unit 2 in Chakan, Pune in company will use Rs 10.41 crore for purchasing and setting up of a rooftop solar power plant for power generation at its Supa Facility and general corporate International is part of the KSH group and commenced its operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, in Maharashtra. In the last four decades, it has diversified operations to manufacturing various types of standard and specialized magnet winding wires. It markets and sells its products through its brand 'KSH', which has a strong brand recall and reputation in the industry over the key products include round enamelled copper/ aluminium magnet winding wires, paper insulated rectangular copper/ aluminium magnet winding wires, continuously transposed conductors, rectangular enamelled copper/aluminium magnet winding wires and bunched paper insulated copper magnet winding products are critical components of capital goods such as transformers, motors, alternators and company had 112 customers as on December 31, 2024 which includes the likes of Bharat Bijlee Limited , Virginia Transformer Corporation, Bharat Heavy Electricals Limited , Georgia Transformer Corporation, Hitachi Energy India Limited , Siemens Energy India Limited and GE Vernova T&D India Limited among International has a significant global footprint, and exports its products to 24 countries as of December 31, 2024, including, USA, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan, amongst International revenue from operations increased by 32% from Rs 1,049 crore in fiscal 2023 to Rs 1,383 crore in fiscal 2024, primarily on account of the increase in volume and metal prices in Fiscal EBITDA has increased from Rs 50 crore in FY23 to Rs 71 crore in FY24, while the profit after tax (PAT) grew from Rs 27 crore in FY23 to Rs 37 crore in the nine months ended December 31, 2024, revenue from operations stood at Rs 1420 crore, EBITDA was Rs 87 crore and PAT stood at Rs 50 KSH International Limited has shown notable progress, increasing its market share from 11.19% to 13.70%, signalling a steady upward trajectory. Nuvama Wealth Management Limited , and ICICI Securities Limited are the book-running lead managers and MUFG Intime India Private Limited is the registrar of the issue.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
24-05-2025
- Business
- Time of India
KSH International IPO: Pune-based wire company files DRHP with Sebi to raise Rs 745 crore
Pune-based manufacturer of magnet winding wires KSH International has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 745 crore through Initial Public Offering (IPO). About KSH International IPO The IPO is a mix of fresh issue of shares worth up to Rs 420 crore and an offer-for-sale (OFS) up to Rs 325 crore, where promoter shareholders will offload their shares in the company. 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 less than 15% and 35% of the net offer is assigned to non-institutional and retail individual bidders, respectively. The equity shares of KSH International are proposed to be listed on the NSE and BSE. KSH International IPO proceeds The proceeds from the fresh issue to the extent of Rs 225.98 crores will be used for prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the company. Moreover, Rs 90.06 crore will be utilised towards funding the capital expenditure requirements of the company which is purchasing and setting up of new machinery for expansion at its Supa Facility and purchasing and setting up of new machinery at Unit 2 in Chakan, Pune in Maharashtra. The company will use Rs 10.41 crore for purchasing and setting up of a rooftop solar power plant for power generation at its Supa Facility and general corporate purposes. About KSH International KSH International is part of the KSH group and commenced its operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, in Maharashtra. In the last four decades, it has diversified operations to manufacturing various types of standard and specialized magnet winding wires. It markets and sells its products through its brand 'KSH', which has a strong brand recall and reputation in the industry over the years. Its key products include round enamelled copper/ aluminium magnet winding wires, paper insulated 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 products are critical components of capital goods such as transformers, motors, alternators and generators. The company had 112 customers as on December 31, 2024 which includes the likes of Bharat Bijlee Limited , Virginia Transformer Corporation, Bharat Heavy Electricals Limited , Georgia Transformer Corporation, Hitachi Energy India Limited , Siemens Energy India Limited and GE Vernova T&D India Limited among others. KSH International has a significant global footprint, and exports its products to 24 countries as of December 31, 2024, including, USA, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan, amongst others. KSH International financials KSH International revenue from operations increased by 32% from Rs 1,049 crore in fiscal 2023 to Rs 1,383 crore in fiscal 2024, primarily on account of the increase in volume and metal prices in Fiscal 2024. Its EBITDA has increased from Rs 50 crore in FY23 to Rs 71 crore in FY24, while the profit after tax (PAT) grew from Rs 27 crore in FY23 to Rs 37 crore in FY24. For the nine months ended December 31, 2024, revenue from operations stood at Rs 1420 crore, EBITDA was Rs 87 crore and PAT stood at Rs 50 crore. However, KSH International Limited has shown notable progress, increasing its market share from 11.19% to 13.70%, signalling a steady upward trajectory. IPO lead managers Nuvama Wealth Management Limited , and ICICI Securities Limited are the book-running lead managers and MUFG Intime India Private Limited is the registrar of the issue. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
