TT&A, Trilegal act on KSH International ₹745 crore fundraise

KSH International Limited has made an initial public offering aggregating to ₹745 crore, comprising fresh issue of ₹420 crore and offer for sale of ₹325 crore.

Trilegal advised KSH International on this IPO.

TT&A advised Book Running Lead Managers - Nuvama Wealth Management Limited and ICICI Securities Limited on this IPO.

The transaction team consisted of Abhinav Kumar (Partner), Shubham Sancheti (Managing Associate), Indira Satish (Senior Associate), Abhishek Iyer, Daniyal Khan, Akshita Sharma and Anand Kumar – Associates.

Proceeds from the fresh issue will be used to repay borrowings, upgrade machinery at its Supa and Chakan units, install rooftop solar panels, and for general corporate purposes.

Founded in 1981 and part of the KSH Group, the company operates three manufacturing facilities and is setting up a fourth in Supa, expected to be completed by FY26. KSH International posted a 32% rise in revenue to ₹1,383 crore and a 40% jump in profit to ₹37.4 crore in FY24. Its clientele includes BHEL, Siemens, and Hitachi Energy, and it exports to over 24 countries. The IPO aims to support capacity expansion and strengthen its sustainability footprint through renewable energy investments.

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