Vidya Wires Unveils ₹300 Crore IPO; Price Band Set at ₹48–52
Investor Buzz Builds as Vidya Wires Launches IPO with ₹10 GMP
Vidya Wires to Raise ₹300 Crore via IPO; Listing Scheduled for December 10
Vidya Wires Announces IPO at Attractive Valuation; Strong FY25 Growth Boosts Outlook
Vidya Wires Limited Launches ₹300 Crore IPO; Subscription Opens December 3
Price band set at ₹48–52; Grey Market Premium at ₹10 signals positive investor sentiment
Bilkul Bazaar
Ahmedabad | 02 Dec 2025
Vidya Wires Limited, India’s fourth-largest manufacturer in the winding and conductivity products segment, is set to open its Initial Public Offer (IPO) on December 3, 2025. The Book-Built issue will close on December 5, 2025, while Anchor bids open a day earlier on December 2, 2025.
The company has fixed the price band at ₹48 to ₹52 per equity share, with a lot size of 288 shares, translating to a minimum retail investment of ₹14,976. The IPO aims to raise ₹300.01 crore, comprising a fresh issue of ₹274 crore and an offer for sale of 50,01,000 equity shares.
The offer is proposed to be listed on BSE and NSE on December 10, 2025, with the allotment scheduled for December 8, according to the Red Herring Prospectus.
Leaders Speak
Shyamsundar Rathi, Chairman & WTD, Vidya Wires Ltd., said, “This IPO marks a significant milestone in our journey of over four decades. The funds raised will accelerate our expansion into high-growth segments and strengthen our presence across global markets.”
Shailesh Rathi, Managing Director, Vidya Wires Ltd., noted, “We have consistently built long-term relationships with customers across energy, mobility, railways and industrial systems. The fresh capital will enhance operational capacity, especially with the new ALCU project.”
Naveen Pachisia, CFO, Vidya Wires Ltd., added, “Strong revenue growth—from ₹1,188 crore in FY24 to ₹1,491 crore in FY25—combined with a near 60% jump in profit reflects our operational discipline. We remain committed to delivering sustainable value to all stakeholders.”
Pinak Turakhia, IDBI Capital (BRLM), commented, “Vidya Wires operates in a segment witnessing steady demand driven by electrification, renewable energy and electric mobility. The company’s robust customer base and diversified product portfolio make it a compelling long-term story.”
Dishant Sagwaria, Pantomath Capital Advisors (BRLM), stated:
“The IPO is attractively valued for investors, supported by strong fundamentals and sector tailwinds. The ALCU capex plan is expected to significantly widen the company’s capacity and address new-age applications.”
Arun Maheshwari, Finance Head, Vidya Wires Ltd., added:
“Our focus remains on deleveraging the balance sheet and improving working capital efficiency. The IPO proceeds will support these priorities.”
Use of IPO Proceeds
The company plans to utilise funds from the fresh issue for:
• ₹140 crore – Setting up a new project under subsidiary ALCU
• ₹100 crore – Repayment / prepayment of borrowings
• Balance – General corporate purposes
Industry Position & Customer Base
Vidya Wires commands a 5.7% market share of India’s installed capacity (FY25), making it the fourth-largest manufacturer in its segment (CareEdge Report).
Its product range—enameled wires, copper conductors, busbars, PV ribbon, aluminium paper-covered strips—caters to sectors like:
• Energy generation & transmission
• Electric mobility
• Renewable systems
• Railways
• Industrial motors and transformers
The company sold products to 318+ customers across 18 countries, including reputed names such as Adani Wilmar, Schneider Electric, TMEIC India, Lubi Industries, Hammond Power Solutions, Transformers & Rectifiers, Suzlon Energy, and others.
Financial Performance Snapshot
Particulars FY24 FY25
Revenue ₹1,188.49 crore ₹1,491.45 crore
Profit After Tax ₹25.68 crore ₹40.87 crore
Growth – Strong revenue & profit growth
Analysts note that the robust expansion in both revenue and profit supports a long-term investment view for the IPO.
IPO Snapshot
• IPO Open: December 3, 2025
• IPO Close: December 5, 2025
• Anchor Bidding: December 2, 2025
• Price Band: ₹48 – ₹52 per share
• Issue Size: ₹300.01 crore
– Fresh issue: ₹274 crore
– Offer for sale: 50,01,000 shares
• Lot Size: 288 shares
• Retail Quota: 35%
• QIB Quota: 50%
• HNI Quota: 15%
• Listing Date: December 10, 2025
• Expected Allotment: December 8, 2025
• Grey Market Premium (GMP): ₹10 (≈19.23% estimated listing gain)
• Stock Exchanges: BSE (Designated), NSE
• Book Running Lead Managers: Pantomath Capital Advisors Pvt. Ltd., IDBI Capital
• Registrar: MUFG Intime India Pvt. Ltd.