KSH International, a manufacturer of magnet winding wires, has completed its pre-IPO placement of about ₹35 crore.

In consultation with its book running lead managers, the company allotted 9.11 lakh equity shares through a private placement at ₹384 per share, including a premium of ₹379. The round saw participation from Malabar India Fund, Jabeen Ajay Menon, Ajay Menon, Sunil Nagayya Shetty, Salil Ajay Bhargava and Rupal K Sancheti.

Malabar India Fund received 8.51 lakh shares on December 8 at ₹384 apiece, amounting to ₹32.7 crore. Rupal K Sancheti was allotted 39,062 shares worth ₹1.5 crore, while Salil Ajay Bhargava received 13,021 shares totalling ₹0.5 crore.

The upcoming IPO will consist of a fresh issue of ₹420 crore and an offer-for-sale of up to ₹325 crore by promoters Kushal Sub

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