Gujarat-based Vidya Wires is set to launch its ₹300-crore initial public offering (IPO) on December 3, 2025, with the subscription window open until December 5. The price band has been fixed at ₹48–₹52 per share.
IPO Structure
Total Issue Size: ₹300 crore
Fresh Issue: ₹274 crore
Offer for Sale (OFS): ₹26 crore
Promoters Shyamsundar Rathi and Shailesh Rathi to offload 50.01 lakh shares in OFS
Anchor book opens: December 2
Utilisation of Funds
The company will deploy net proceeds for:
Setting up a new ALCO manufacturing unit
Debt repayment
General corporate purposes
Lot Size & Investor Quota
Lot size: 288 shares
Bids in multiples of 288 only
QIBs: 50%
NIIs: 15%
Retail investors: 35%
Listing Timeline
Allotment finalisation: December 8
Refunds: December 9
Listing on NSE & BSE: December 10
Pantomath Capital and IDBI Capital are lead managers, while MUFG Intime India is registrar.
About the Company
Vidya Wires is one of India’s largest manufacturers of winding and conductivity products, supplying:
Enamelled copper wires
Copper busbars
Paper-insulated conductors
Aluminium paper-covered strips
PV ribbon, and more
Its products serve critical sectors such as electric mobility, clean energy, power transmission, motors, and railways.
Key highlights:
Pre-approved supplier to Power Grid Corporation
Holds UL certification for exports to the US
Top-five manufacturer in India in its segment
Financial Performance
FY25 Revenue: ₹1,486.4 crore (up 25.3%)
FY25 PAT: ₹40.9 crore (up 59%)
Q1 FY26 Revenue: ₹411.7 crore
Q1 FY26 PAT: ₹12 crore
Valuation at upper price band: over ₹1,100 crore
