Vidya Wires IPO Details

Bookbuilding IPO | ₹300 Cr | Listed at BSE, NSE

Vidya Wires IPO Logo

Vidya Wires IPO is a book build issue of ₹300.01 crores. The issue is a combination of fresh issue of 5.27 crore shares aggregating to ₹274.00 crores and offer for sale of 0.50 crore shares aggregating to ₹26.01 crores.

Vidya Wires IPO bidding started from Dec 3, 2025 and ended on Dec 5, 2025. The allotment for Vidya Wires IPO was finalized on Dec 8, 2025. The shares got listed on BSE, NSE on Dec 10, 2025.

Vidya Wires IPO price band is set at ₹52 per share. The lot size for an application is 288. The minimum amount of investment required by an retail is ₹14,976 (288 shares) (based on upper price). The lot size investment for sNII is 14 lots (4,032 shares), amounting to ₹2,09,664, and for bNII, it is 67 lots (19,296 shares), amounting to ₹10,03,392.

Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to Vidya Wires IPO RHP for detailed Information.

IPO Open

Wed, Dec 3, 2025

IPO Close

Fri, Dec 5, 2025

Issue Price

₹52 per share

Market Cap (Pre-IPO)

₹1,106.00 Cr

IPO Details

IPO Date3 to 5 Dec, 2025
Listed onWed, Dec 10, 2025
Face Value1 per share
Price Band₹48 to ₹52
Issue Price₹52 per share
Lot Size288 Shares
Sale TypeFresh Capital & OFS
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size5,76,93,307 shares
(agg. up to ₹300 Cr)
Fresh Issue 5,26,92,307 shares
(agg. up to ₹274 Cr)
Offer for Sale50,01,000 shares of ₹1
(agg. up to ₹26 Cr)
Share Holding Pre Issue16,00,00,000 shares
Share Holding Post Issue21,26,92,307 shares
BSE Script Code / NSE Symbol544633 / VIDYAWIRES
ISININE14UN01029

IPO Timetable

IPO Reservation

Vidya Wires IPO offers total 5,76,93,307 shares. Out of which 2,88,46,652 (50.00%) allocated to QIB, 1,15,38,661 (20.00%) allocated to QIB (Ex- Anchor), 86,53,997 (15.00%) allocated to NII 2,01,92,658 (35.00%) allocated to RII and 1,73,07,991 (30.00%) allocated to Anchor investors.

Investor Category Shares Offered Max Allottees
QIB Shares Offered 2,88,46,652 (50.00%)NA
  − Anchor Investor Shares Offered 1,73,07,991 (30.00%)NA
  − QIB (Ex. Anchor) Shares Offered 1,15,38,661 (20.00%)NA
NII (HNI) Shares Offered 86,53,997 (15.00%)NA
  − bNII > ₹10L 57,69,332 (10.00%)1,430
  − sNII < ₹10L 28,84,665 (5.00%)715
Retail Shares Offered 2,01,92,658 (35.00%)70,113
Total Shares Offered5,76,93,307 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 288 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 288 ₹14,976
Retail (Max) 13 3,744 ₹1,94,688
S-HNI (Min) 14 4,032 ₹2,09,664
S-HNI (Max) 66 19,008 ₹9,88,416
B-HNI (Min) 67 19,296 ₹10,03,392
IPO Subscription Details

IPO Anchor Investors

Vidya Wires IPO raises ₹90.00 crore from anchor investors. Vidya Wires IPO Anchor bid date is December 2, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateTue, Dec 2, 2025
Shares Offered1,73,07,991
Anchor Portion (₹ Cr.)90.00
Anchor lock-in period end date for 50% shares (30 Days)Tue, Jan 6, 2026
Anchor lock-in period end date for remaining shares (90 Days)Sat, Mar 7, 2026

About Vidya Wires Ltd.

Incorporated in 1981, Vidya Wires Limited is engaged in manufacturing  copper and aluminum wires.

The company manufactures winding and conductivity products for various industries, including precision-engineered wires, copper strips, conductors, busbars, specialized winding wires, PV ribbons, and aluminum paper-covered strips.

The company's products are used in critical applications like energy generation, electrical systems, electric mobility, railways, and clean energy, offering conductivity, durability, and thermal efficiency for high-performance, reliable operations.

The company has expanded its manufacturing capacity to 19,680 MT per annum and plans to increase it to 37,680 MT per annum with an additional 18,000 MTPA units in Narsanda, Gujarat.
 
The company manufactures over 8,000 SKUs of winding and conductivity products, ranging from 0.07 mm to 25 mm, and plans to add new products like copper foils, solar cables, and aluminum winding wires.
 
Products:
  • Enameled Copper Winding Wires
  • Enameled Copper Rectangular Strips
  • Fibre Glass Covered Copper/ Aluminium Conductors
  • Paper Insulated Copper Conductors/ Aluminium Conductors(Rectangular & Round)
  • Twin/Triple Bunched Paper Insulated Copper Strips
  • Cotton Covered Ropes
  • PV Ribbon
  • PV Bus Bar
  • Copper Busbar

As of November 14, 2025, the company had 139 permanent employees and over 394 contract labourers.

Competitive Strengths:
  • De-risked business model with wide customer base, diversified portfolio of products, and multiple end-user industries.
  • Backward integration for quality control as well as sustainability initiatives.
  • Their presence in strategically located region
  • Diversified customer base having longstanding relationships with customers and suppliers
  • Continuous financial performance
  • Experienced professional management team

Company Financials (Restated Consolidated)

Vidya Wires Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets376.93331.33247.84209.08
Total Income413.091,491.451,188.491,015.72
Profit After Tax12.0640.8725.6821.53
EBITDA18.6764.2245.5235.84
NET Worth178.37166.36125.54100.11
Reserves and Surplus162.37150.36121.5495.86
Total Borrowing162.75145.63109.7197.11
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding capital expenditure requirements for setting up new projectin the subsidiary viz. ALCU 140.00
2 Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company 100.00
3 General corporate purposes 12.30

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE24.57%
ROCE19.72%
Debt/Equity0.88
RoNW24.57%
PAT Margin2.74%
EBITDA Margin4.32%
Price to Book Value5.00
Pre IPOPost IPO
EPS Rs2.552.27
P/E (x)20.3622.94
Promoter Holding99.91%72.8%
Market Cap1,106.00 Cr.
Shyamsundar Rathi, Shailesh Rathi and Shilpa Rathi are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 available in RHP.

IPO Review

[Dilip Davda]
VWL is engaged in the manufacturing of winding and conductivity products ranges of wires. It enjoys legacy of over four decades and has over 8000 SKUs under one roof. The company posted steady growth in its top and bottom lines for the reported periods. It is expanding its capacities to meet the rising demand of its products. Based on its recent financial data, the issue appears reasonably priced. Considering the ongoing developments, it is poised for bright prospects ahead. Investors may lap it up for medium to long term.
Read detail review...

Vidya Wires IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers12100
Members0000

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fixed fees payable to Book Running Lead Managers 2.95
2 Underwriting/Selling Commission to the BRLMs 10.80
3 Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs 1.13
4 Fees payable to the Registrar to the Offer 0.18
5 Others including but not limited to:
6 Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses 3.40
7 Printing and distribution of stationery 0.41
8 Advertising and marketing expenses 1.62
9 Fees payable to legal counsel 2.02
10 Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and Chartered Engineer; and 1.03
11 Miscellaneous expenses 0.24

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price52.0052.00
Open52.1352.00
Low50.0950.00
High58.4858.45
Last Trade53.1453.17

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Vidya Wires Ltd. Address
Plot No 8/1-2. GIDC,
Opposite SLS Industries,
Vithal Udyognagar,
Anand, Gujarat, 388121
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IPO FAQs

Vidya Wires IPO is a main-board IPO of 5,76,93,307 equity shares of the face value of ₹1 aggregating up to ₹300 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 288.

The IPO opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Vidya Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Vidya Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Vidya Wires IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Vidya Wires IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Vidya Wires IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025.

Vidya Wires IPO lot size is 288, and the minimum amount required for application is ₹14,976.

You can apply in Vidya Wires IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Vidya Wires IPO will be done on Monday, December 8, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 9, 2025. Check the Vidya Wires IPO allotment status.

The Vidya Wires IPO listing date is on Wed, Dec 10, 2025.

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