Overview
- KSH’s offer totals Rs 710 crore, comprising a Rs 420 crore fresh issue and a Rs 290 crore offer-for-sale by promoters Kushal S. Hegde, Pushpa K. Hegde, Rajesh K. Hegde and Rohit K. Hegde.
- Anchor bidding is slated for Dec. 15 with public subscriptions Dec. 16–18; the shares are proposed to list on NSE and BSE, with Dec. 23 listing timing reported by Business Today.
- Use of proceeds includes Rs 225.98 crore for debt repayment, Rs 90.06 crore for new machinery at Supa and Chakan, and Rs 10.41 crore for a rooftop solar plant at Supa, with the balance for general corporate purposes.
- The company completed a pre-IPO placement of about Rs 35 crore by allotting 9.11 lakh shares at Rs 384 each, including a sizable allocation to Malabar India Fund.
- Nuvama Wealth Management and ICICI Securities are lead managers and MUFG Intime India is registrar; retail lots are 39 shares, small HNIs 546 and big HNIs 2,613, with post-listing market cap estimated near Rs 2,602 crore.