Vidya Wires Joins IPO Rush: ₹300 Crore Issue to Open December 3rd

#VidyaWiresIPO #IPOIndia #PrimaryMarket #ElectricMobility #WireAndCable #MakeInIndia #DalalStreet #EquityInvestment #NewListing

Mumbai – The primary market is set for a hectic first week of December as Vidya Wires Ltd., a Gujarat-based manufacturer of winding and conductivity products, announced the launch of its ₹300 crore Initial Public Offering (IPO). The public issue is scheduled to open for subscription next week, on Tuesday, December 3, and will close on Friday, December 5, 2025.

The company has set the price band for the offering at ₹48 to ₹52 per equity share of face value ₹1 each. The IPO marks the third major mainboard offering to open on the same day, alongside the highly anticipated issues from e-commerce platform Meesho and aerospace manufacturer Aequs, signaling a robust and competitive period for capital markets.

📈 Issue Structure and Financial Snapshot

The ₹300 crore IPO is a combination of a fresh issuance of equity shares and an offer-for-sale (OFS) by the promoters.

• Fresh Issue: The company aims to raise ₹274 crore by issuing new shares.

• Offer-for-Sale (OFS): Promoters will be offloading 50.01 lakh shares, valued at approximately ₹26 crore at the upper price band.

Gujarat-based Vidya Wires, which positions itself among the top five manufacturers in India’s winding and conductivity products industry, has demonstrated strong recent financial performance.

At the upper end of the price band (₹52), the company is valued at over ₹1,100 crore. The implied Price-to-Earnings (P/E) ratio at the upper band is approximately 20.39x, which analysts note is positioned attractively compared to the industry average P/E of 47.82x for its listed peers, such as Precision Wires India, Ram Ratna Wires, and Apar Industries.

🏗️ Strategic Use of Proceeds and Expansion

A significant portion of the fresh issue proceeds is earmarked for strategic growth and financial stability.

• ₹140 crore will be utilized to fund capital expenditure for a new project in its subsidiary, ALCU Industries Private Limited. This expansion is aimed at substantially increasing the company’s production capacity.

• ₹100 crore will be used for the repayment or pre-payment of certain outstanding borrowings, which will help strengthen the company’s financial risk profile.

• The remainder of the funds will be used for general corporate purposes.

Vidya Wires manufactures essential, precision-engineered products including enameled wires, copper conductors, copper busbars, and PV ribbon. These components are vital for critical, high-growth sectors, including energy generation & transmission, electric systems, electric motors, clean energy systems, electric mobility, and railways. This sectoral linkage positions the company to capitalize on India’s infrastructure and electrification boom.

🗓️ Key Dates for Investors

The IPO follows a book-building process, with defined segments for institutional, non-institutional, and retail investors.

• Anchor Investor Bidding: December 2, 2025 (One Day)

• Public Subscription Open: December 3, 2025

• Public Subscription Close: December 5, 2025

• Finalization of Allotment: December 8, 2025

• Listing Date (BSE & NSE): December 10, 2025

Investors can bid for a minimum of 288 equity shares and in multiples thereafter. The allocation is structured as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% reserved for Retail Individual Investors (RIIs).

Pantomath Capital Advisors and IDBI Capital Markets & Securities are the Book Running Lead Managers for the issue.

#VidyaWiresIPO #IPOIndia #PrimaryMarket #ElectricMobility #WireAndCable #MakeInIndia #DalalStreet #EquityInvestment #NewListing