KSH Worldwide, a producer of magnet winding wires, has filed preliminary papers with markets regulator Sebi, searching for its approval to drift a ₹745-crore preliminary public providing (IPO).
The Pune-based firm’s proposed IPO is a mixture of a recent concern of shares price ₹420 crore and an offer-for-sale of shares valued at ₹325 crore by promoters, in line with the draft purple herring prospectus (DRHP) filed on Thursday.
Proceeds from the recent concern to the extent of ₹225.98 crore shall be used for cost of debt, ₹90.06 crore to arrange new equipment for enlargement at its Supa facility and buying and establishing of recent equipment at Chakan, Pune in Maharashtra; ₹10.41 crore for establishing of a rooftop solar energy plant at its Supa facility; and a portion shall be used for basic company functions.
KSH Worldwide, part of the KSH group, commenced its operations in 1981 by manufacturing magnet winding wires in Raigad, Maharashtra, and within the final 4 a long time, it has diversified its operations to manufacturing varied forms of normal and specialised magnet winding wires. It markets and sells its merchandise by means of its model ‘KSH’, with a powerful model recall and fame within the trade through the years.
The corporate has 112 clients as of December 31, 2024, which incorporates the likes of Bharat Bijlee, Virginia Transformer Company, Bharat Heavy Electricals Ltd, Georgia Transformer Company, Hitachi Power India, Siemens Power India, Hind Rectifiers, Toshiba Transmission & Distribution Techniques (India) Non-public Ltd, CG Energy and Industrial Options Ltd and Emirates Transformer & Switchgear Ltd.
Additionally, KSH Worldwide has a big world footprint and exports its merchandise to 24 nations, together with, the US, UAE, Kuwait, Romania, Saudi Arabia, Germany, Oman, Spain, Bangladesh and Japan.
The corporate operates three manufacturing services, out of which two of those services are situated in Chakan and one in Taloja, Raigad.
In addition to, there’s an upcoming fourth facility in Supa, Ahilyanagar (previously Ahmednagar), which is anticipated to begin operations in FY26.
Based on a CARE report, with its Supa enlargement, KSH is anticipated to greater than double its capability from 29,045 MT as of December 31, 2024, to 59,045 MT over the subsequent two years.
KSH Worldwide’s income from operations elevated to ₹1,382.82 crore in FY24 from Rs 1,049.46 crore within the previous monetary yr and revenue after tax grew to ₹37.35 crore from ₹26.61 crore.
Nuvama Wealth Administration and ICICI Securities are the book-running lead managers and MUFG Intime India is the registrar of the problem. The fairness shares are proposed to be listed on the NSE and BSE.
Revealed on Might 24, 2025
