New Delhi, May 24 -- KSH International, a Pune-based magnet winding wires manufacturer, on Thursday filed preliminary papers with markets regulator Sebi to launch its initial public offering (IPO). KSH International plans to raise Rs.745 crore from the IPO.

The proposed KSH International IPO is a combination of a fresh issue of shares worth Rs.420 crore and an offer-for-sale (OFS) of equity shares worth Rs.325 crore by promoters, according to the draft red herring prospectus (DRHP).

The company plans to utilise the net issue proceeds from the fresh issue to the extent of Rs.225.98 crore for payment of debt, Rs.90.06 crore to set up new machinery for expansion at its Supa facility and purchasing and setting up of new machinery at Chakan,...