Vidya Wires, a prominent manufacturer of winding and conductivity products based in Gujarat, is gearing up to launch its much-anticipated initial public offering. The company plans to raise ₹300 crore through this public issue, which is scheduled to open for subscription on December 3, 2025.
IPO Details and Price Band
The Vidya Wires IPO will remain open for investors until December 5, making it the third mainboard public issue to hit the markets on that day, following Meesho and Aequs. The company has fixed an attractive price band of ₹48 to ₹52 per equity share, with each share having a face value of ₹1.
The ₹300 crore offering comprises two components: a fresh equity issue worth ₹274 crore and an offer-for-sale (OFS) segment of ₹26 crore. In the OFS portion, promoter shareholders Shyamsundar Rathi and Shailesh Rathi will divest 50.01 lakh shares from their holdings.
Fund Utilization and Company Strategy
The company has outlined clear plans for utilizing the net proceeds from the IPO. A significant portion will be allocated towards capital expenditure for establishing a new ALCO unit, while another substantial amount will be used to repay outstanding debt. The remaining funds will serve general corporate purposes.
Investors should note that the anchor investor bidding window will commence a day earlier on Tuesday, December 2. The IPO lot size has been set at 288 shares, with investors required to bid in multiples thereof.
Allocation and Listing Information
In compliance with SEBI regulations, Vidya Wires has reserved 50% of the net offer for qualified institutional buyers (QIBs), while non-institutional investors (NIIs) get 15% allocation and retail individual investors (RIIs) receive 35% of the shares.
The public issue is being managed by Pantomath Capital and IDBI Capital, with MUFG Intime India serving as the registrar. The share allotment is expected to be finalized by December 8, followed by refund initiation on December 9. The official listing on both NSE and BSE is scheduled for Wednesday, December 10.
About Vidya Wires and Market Position
Vidya Wires has established itself as one of India's largest manufacturers of winding and conductivity products, serving critical industries across multiple sectors. The company's diverse product portfolio includes precision-engineered wires, paper-insulated copper conductors, enamelled copper rectangular strips, copper busbars, and specialized winding wires.
These products find applications in essential areas such as electrical systems, electric motors, power generation and transmission, clean energy systems, electric mobility, and railways. The company's strong industry credentials include being a pre-approved supplier to Power Grid Corporation of India and holding UL approval that enables exports of enamelled copper and aluminium wire to the United States.
The company demonstrates robust financial performance, with operating revenue reaching ₹1,295 crore in FY25. The power and transmission segment contributed 48.06% to total revenue, followed by electrical at 28.58% and general engineering at 10.20%. More than 80% of the company's revenues originate from three core sectors, highlighting its strong industry linkages.
Vidya Wires ranks among the top five manufacturers in India's winding and conductivity products space, competing with established listed players such as Precision Wires India, Ram Ratna Wires, and Apar Industries.
For the June 2025 quarter, the company reported a profit after tax of ₹12 crore on revenue of ₹411.7 crore. The full-year 2025 performance showed impressive growth, with PAT surging 59% to ₹40.9 crore and revenue increasing 25.3% to ₹1,486.4 crore. At the upper end of the price band, the company commands a valuation exceeding ₹1,100 crore.
