Tea Post Files Draft Papers for IPO...
14 Jun, 2025
KSH International, a leading manufacturer of magnet winding wire based in Maharashtra is ready to go public as it has filed its Draft Red Herring Prospectus(DRHP) with the SEBI. The proposed initial public offering (IPO) aims to raise ₹745 crore including fresh issue as well OFS, positioning the company to capitalize on the ongoing growth in India’s electrical and manufacturing sectors.
The IPO is having a fresh issue of ₹400 along with an offer for sale of a total of ₹345 crore giving the exit to existing shareholders. According to the draft papers, proceeds from the fresh issue will be primarily used to fund capital expenditure, repay or prepay certain borrowings, and meet general corporate requirements. This strategic move is expected to strengthen KSH International’s balance sheet and support its expansion plans.
Founded in 1979 and headquartered in Pune, KSH International is a key supplier of magnet winding wires, which are essential components in electric motors, transformers, and a wide range of electrical equipment. The company’s products are in high demand, driven by India’s rapid electrification, growth in the automotive sector, and increasing investments in power infrastructure.
The offer for sale will allow existing shareholders to partially exit their holdings, while the fresh capital infusion will enable the company to accelerate its growth trajectory. Industry experts believe that the IPO will further enhance KSH International’s visibility and credibility in the market, attracting new customers and business opportunities.
KSH International is part of the diversified KSH Group, which has interests in logistics, infrastructure, and manufacturing. The group has been actively expanding its footprint, with recent investments in logistics parks and industrial infrastructure. The IPO comes when India’s wires and cables sector is witnessing robust growth, fueled by government initiatives to boost manufacturing and electrification across the country.
The magnet winding wire industry is poised for significant expansion, with rising demand from sectors such as automotive, power, and consumer electronics. KSH International’s strong manufacturing capabilities and established customer base position it well to benefit from these trends.
The wires and cables segment has emerged as a hotbed for IPO activity in recent years, with several companies tapping the capital markets to fund expansion and innovation. KSH International’s planned IPO is seen as a reflection of the sector’s strong fundamentals and growth prospects.
KSH International’s ₹745 crore IPO marks a major milestone for the Pune-based manufacturer and underscores the growing investor appetite for companies at the heart of India’s electrification and manufacturing boom. As the company awaits SEBI’s nod, the market will be watching closely for further updates on this much-anticipated public issue.
