Overview
- Anchor bidding opens on Dec. 15, the public offer runs Dec. 16–18, with Nuvama Wealth Management and ICICI Securities as lead managers and MUFG Intime as registrar.
- The Rs 710 crore offer comprises a Rs 420 crore fresh issue and a Rs 290 crore offer-for-sale by promoter shareholders.
- Share allotment is expected on Dec. 19, refunds and demat credits on Dec. 22, and a BSE/NSE listing is targeted for Dec. 23.
- Fresh proceeds will repay Rs 225.98 crore of debt, fund Rs 90.06 crore of new machinery at Supa and Chakan, and support a Rs 10.41 crore rooftop solar project.
- KSH, India’s third-largest maker and largest exporter of magnet winding wires, reported FY2025 income up 39% and PAT up 82%, with the launch set in a crowded primary-market week and early grey-market indications at zero.