Vidya Wires was incorporated on December 11, 1981. The company is a leading manufacturer of winding and conductivity products for critical industries, offering a diverse portfolio including precision-engineered wires, enameled copper strips, insulated conductors, copper busbars, PV ribbons, and aluminum paper-covered strips
| Bidding Dates |
|---|
| 03 Dec 2025 - 05 Dec 2025 |
| Subscription |
|---|
| 26.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,824 | 1 | 13 | 288 | 57.7 M | ₹48 - ₹52 | 72.8 % | ₹2769.3 M - ₹3000.1 M | RHP DOC |
Vidya Wires IPO SUBSCRIPTION STATUS
05 Dec '25Vidya Wires IPO overall subscription rate was 26.59 times the total available shares
Vidya Wires IPO retail subscription rate was 27.86 times in the retail segment
Vidya Wires IPO non-institutional investor subscription rate was 51.98 times in the non-institutional investor category
Vidya Wires IPO Qualified Institutional Bidder subscription rate was 5.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Dec 2025 (Day 3) | 27.86x | 51.98x | 5.12x |
04 Dec 2025 (Day 2) | 11.45x | 10x | 1.3x |
03 Dec 2025 (Day 1) | 4.02x | 3.42x | 0.47x |
Vidya Wires FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY25 | 411.8 | 12.1 | -3.7 | -13.3 | 4.5% |
| FY25 | 1,486.4 | 40.9 | -16.8 | -24.5 | 4.3% |
| FY24 | 1,186.1 | 25.7 | 2.2 | -2.3 | 3.8% |
| FY23 | 1,011.4 | 21.5 | 37.5 | 29.2 | 3.5% |
Vidya Wires IPO SUBSCRIPTION STATUS DETAILS
Vidya Wires had 57.7 M shares on offer
Vidya Wires IPO offer price was in the range ₹48 - ₹52
Vidya Wires IPO minimum Investment was ₹13824
Vidya Wires IPO issue size was ₹ 2769.3 M - ₹ 3000.1 M
Vidya Wires had a minimum lot size of 288 Shares per application
Vidya Wires NUMBER OF SHARES ON OFFER
Vidya Wires IPO IMPORTANT DATES
| Issue Open Date | 03 Dec 2025 |
| Issue close Date | 05 Dec 2025 |
| Allotment Date | 08 Dec 2025 |
| Refund Date | 09 Dec 2025 |
| Demat Account Credit Date | 09 Dec 2025 |
| Listing Date | 10 Dec 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Vidya Wires Allotment Status | Exchange/ Registrar |
Vidya Wires IPO subscription opened on 03 Dec 2025, and closed on 05 Dec 2025
IPO allotment for Vidya Wires was finalized on Monday, 08 Dec 2025
IPO listing for Vidya Wires was on NSE and BSE on Wednesday, 10 Dec 2025
Vidya Wires IPO LISTING GAINS
| Issue Price (adjusted) | 52.0 |
| Listing Open Price | 52.0 |
| Listing Close Price | 53.2 |
| Listing Gain% | 0.0% |
| Current Gain% | 88.3% |
Vidya Wires Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vidya Wires Ltd. | 97.9 | 2082.5 | 36.2 | 0.9 | 1.1 | 12 | 9.5 | 1848.2 | 24.4 | 57.7 | 42.2 | 2.7 | 42 |
| Havells India Ltd. | 1285 | 80562 | 49.3 | 3.1 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2701 | 77694.6 | 20.4 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16448 | 66094.1 | 55.9 | 1.6 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1044.1 | 47397.1 | 28.5 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 38035 | 33628.6 | 61 | 7.9 | 7.2 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Vidya Wires INFORMATION ON IPO ISSUE
About Vidya Wires
Vidya Wires was incorporated on December 11, 1981. The company is a leading manufacturer of winding and conductivity products for critical industries, offering a diverse portfolio including precision-engineered wires, enameled copper strips, insulated conductors, copper busbars, PV ribbons, and aluminum paper-covered strips
Object of the Issue
- Funding capital expenditure requirements for setting up new project in their subsidiary viz. ALCU
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the company
- General corporate purposes
Vidya Wires - PROMOTERS
| Name |
|---|
| Shyamsundar Rathi |
| Shailesh Rathi |
| Shilpa Rathi |
Vidya Wires - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shyamsundar Rathi | Chairman & Whole-Time Director |
| Shailesh Rathi | Managing Director |
| Shilpa Rathi | Whole-Time Director |
| Prashant Chandrakant Amin | Independent Director |
| Rajnikant Chimanlal Diwan | Independent Director |
| Balveermal Kewalmal Singhvi | Independent Director |
Vidya Wires Book Running Lead Manager
Pantomath Capital Advisors Private Limited
vidyawires.ipo@pantomathgroup.com
IDBI Capital Markets & Securities Limited
vidyawires.ipo@idbicapital.com
Vidya Wires Registrar to the Offer
MUFG Intime India Private Limited
vidyawires.ipo@linkintime.co.in
Vidya Wires Strengths
Backward integration
The company has achieved backward integration by producing oxygen-free copper rods from copper cathodes, ensuring consistent quality and supply of a key raw material for manufacturing its final products
Geographical advantage
The company's operating facilities in Anand, Gujarat, benefit from proximity to major sea ports like Hazira and Mundra, facilitating efficient import of raw materials and export of products
Diversified customer base
With decades of experience in customer and supplier interactions, the company has gained insights into domestic and international markets, enabling the development of a diverse product portfolio tailored to varied customer needs
Vidya Wires Risks
Depend on power & transmission segment
A significant portion of the company's revenue is derived from the power & transmission, general engineering, and electrical sectors. Any slowdown in these industries could adversely affect its business performance
Foreign currency fluctuations
The company faces risks from foreign currency fluctuations due to raw material imports and product exports, which could negatively impact its operations, financial condition, and cash flows
Export risks
Despite exporting to over 20 countries across 5 continents, the company's inability to manage risks tied to export sales could adversely impact its international customer base and revenue
IPO FAQs
This IPO consists of an offer for sale of up to Rs 26.0 crore, of 5,001,000 shares. It also consists of a fresh issue of Rs 274.0 crore.
The promoters of the company are Shyamsundar Rathi, Shailesh Rathi and Shilpa Rathi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 48.0 - 52.0.
The IPO application opens on Dec 03, 2025 and closes on Dec 05, 2025.
The minimum lot size for the IPO is 288. The maximum lot size for the IPO is 3744.
For all category investors, the minimum application amount for this IPO is Rs. 13,824.0, the maximum value for this IPO is Rs 194,688.0.
This IPO will be allotted on Dec 08, 2025.
The refund will be credited to your account on Dec 09, 2025.
The allotted shares will be credited to your demat on Dec 09, 2025.
Vidya Wires Ltd.’s shares listed on the stock exchanges on Dec 10, 2025.