KSH International Limited Announces IPO with Offer for Sale
KSH International Limited, a leading manufacturer of magnet winding wires, has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO presents an opportunity for investors to participate in the growth story of a prominent player in the magnet winding wires industry.
Company Overview
KSH International is a major manufacturer of magnet winding wires in India, and a leading exporter in terms of revenue in FY24. The company operates in the magnet winding wires sector, serving a diverse range of industries. With three manufacturing facilities, KSH International has a combined installed capacity of 29,045 MT as of December 31, 2024.
Key Achievements
KSH International has demonstrated impressive performance metrics:
- Third largest manufacturer of magnet winding wires in India.
- Largest exporter in terms of revenue in FY24.
- Return on Equity (ROE) of 16.17% in FY24.
- Return on Capital Employed (ROCE) was 14.15% in FY24.
Financial Overview ( in Crores)
Here’s a snapshot of KSH International’s financial performance for the period ended December 31, 2024 and the fiscal year ended March 31, 2024:
| Financial Metric | 31 Dec 2024 | 31 Mar 2024 |
|---|---|---|
| Total Assets | 627.20 | 482.71 |
| Revenue | 142.05 | 138.28 |
| Profit After Tax | 49.53 | 37.35 |
| Net Worth | 280.13 | 230.95 |
| Total Borrowing | 282.18 | 206.81 |
Offer for Sale and IPO Structure
The IPO comprises a fresh issue of equity shares aggregating up to 420 Crore and an Offer for Sale (OFS) of equity shares aggregating up to 325 Crore by the Promoter Selling Shareholders. The company will not receive any proceeds from the OFS. The IPO allocates shares to different investor categories as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The IPO is being managed by:
- Lead Managers: Nuvama Wealth Management Limited, ICICI Securities Limited
- Registrar: Mufg Intime India Private Limited
Conclusion
KSH International’s IPO presents an exciting investment opportunity. Investors are encouraged to stay updated on the IPO launch date and other key details to make informed decisions. This IPO offers a chance to be part of KSH International’s growth journey.