The initial public offering (IPO) of Vidya Wires & Conductors Limited opened for subscription on Tuesday, December 2, 2025, drawing significant attention from investors. The three-day bidding process will conclude on Thursday, December 4, 2025. The company aims to raise capital through this fresh issue of 36.96 lakh equity shares.
Vidya Wires IPO: Price Band and Financial Snapshot
Vidya Wires has set a price band of ₹125 to ₹132 per equity share for its public offering. At the upper end of the band, the company is looking to raise approximately ₹48.79 crore. The lot size for retail investors is 1000 shares, meaning the minimum investment required falls between ₹125,000 and ₹132,000.
The funds raised are earmarked for specific corporate purposes. A significant portion will be used to finance the company's working capital requirements. Additionally, part of the proceeds will be allocated for general corporate purposes, providing the business with greater financial flexibility for future growth.
Day 1 Subscription Status and Grey Market Premium (GMP)
Early indicators from the grey market suggest strong investor interest. On the first day of the IPO, the Grey Market Premium (GMP) for Vidya Wires was reported to be around ₹45. This implies that the shares are trading in the unofficial market at an estimated price of ₹177, which is a substantial premium of over 34% to the upper price band of ₹132.
The subscription data for the first day reflects cautious but steady participation. The overall issue was subscribed a certain number of times, with specific segments showing varied interest. The quota reserved for retail individual investors (RIIs) and other investor categories like qualified institutional buyers (QIBs) and non-institutional investors (NIIs) saw differing levels of bids. The final allotment of shares is scheduled for Monday, December 8, 2025, and the shares are expected to be listed on the NSE SME platform on Wednesday, December 10, 2025.
Company Background and IPO Review
Vidya Wires & Conductors Limited is engaged in the manufacturing of a diverse range of wires and conductors. Its product portfolio includes items crucial for power transmission and distribution, such as aluminum conductors, all aluminum alloy conductors, and high-temperature conductors. The company serves a vital role in the infrastructure and electrical sectors.
An analysis of the company's financials reveals its performance trajectory. For the period ending July 2025, Vidya Wires reported a net profit of ₹2.07 crore on revenue from operations of ₹45.20 crore. Comparing this to the previous fiscal year, where the company posted a net profit of ₹3.56 crore on revenue of ₹78.64 crore for FY24, provides context for potential investors evaluating its growth and stability.
Key points for investors to consider include the company's position in a niche manufacturing sector, the use of IPO proceeds for working capital, and the current market sentiment reflected in the high GMP. However, as with any public offering, investors are advised to carefully read the Red Herring Prospectus (RHP) and assess the company's prospects, risks, and valuation before making an investment decision.
The coming days will be crucial as the subscription window remains open. The final subscription numbers and the listing day performance on December 10 will ultimately reveal the market's verdict on this SME IPO.
