Business

Vidya Wires IPO to Open December 3 With ₹48–₹52 Price Band; Fresh Issue of ₹274 Crore

By Desk Business

Vidya Wires Limited has formally announced the opening of its Initial Public Offer on December 03, 2025, with the public bidding window closing on December 05, 2025. Anchor investors will participate on December 02.

The company has set the price band at ₹48 to ₹52 per equity share. The minimum application size has been fixed at 288 equity shares, to be bid in multiples thereafter.

The offer structure includes a fresh issue worth ₹2,740 million (₹274 crore) as well as an offer for sale of up to 5,001,000 shares. The Company plans to deploy fresh issue proceeds into three key areas:

  1. ₹1,400 million towards capital expenditure for a new ALCU subsidiary project,

  2. ₹1,000 million for repayment or prepayment of borrowings,

  3. Remaining for general corporate purposes.

The Company’s equity shares are proposed to be listed on BSE and NSE, with BSE as the designated stock exchange. The book-running responsibilities are being handled by Pantomath Capital Advisors and IDBI Capital Markets & Securities.

Under the Book Building Process, not more than 50% of the issue will be allocated to QIBs, with the option to allocate up to 60% of the QIB portion to Anchor Investors. Of this anchor allocation, domestic mutual funds will receive 33.33%, while life insurers and pension funds will receive 6.67%, subject to valid bids.

If any category is undersubscribed, the shares may be redistributed as per SEBI ICDR norms. At least 15% will be allotted to Non-Institutional Investors, and 35% to retail investors. All applications, except those in the anchor category, must be made via ASBA.

Vidya Wires is recognised as the fourth-largest player in the Indian winding and conductivity product market, with a strong footprint in both domestic and international markets. The company’s portfolio spans enameled wires, insulated copper products, busbars, and PV ribbons, used by sectors ranging from energy and power transmission to electric mobility and industrial systems.

Desk Business