Vidya Wires IPO
Bookbuilding IPO | ₹300.01 Cr | Listing at BSE, NSE
IPO Open
Wed, Dec 03, 2025
IPO Close
Fri, Dec 05, 2025
Price Band
₹48.00 to ₹52.00
Market Cap (Pre-IPO)
₹1,106.00 Cr
IPO Details
| IPO Date | Dec 03, 2025 to Dec 05, 2025 |
| Listing Date | Tentative: Dec 10, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹48.00 to ₹52.00 |
| Lot Size | 288 Shares (Minimum: ₹14,976.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹300.01 Crores |
| Total Shares Offered | 57,693,307 shares |
| Fresh Issue | 52,692,307 shares |
| Offer For Sale | 5,001,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 5.45x |
| NII | 55.94x |
| RII | 29.98x |
| Total | 28.53x |
Vidya Wires IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,88,46,652 (50.00%) |
| Retail Shares Offered | 2,01,92,658 (35.00%) |
| NII Shares Offered | 86,53,997 (15.00%) |
Vidya Wires IPO Lot Size
Investors can bid for a minimum of 288 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 288 | ₹14,976 |
| Retail (Max) | 13 | 3,744 | ₹194,688 |
| S-HNI (Min) | 14 | 4,032 | ₹209,664 |
| S-HNI (Max) | 66 | 19,008 | ₹988,416 |
| B-HNI (Min) | 67 | 19,296 | ₹1,003,392 |
Vidya Wires Financial Information (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 Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 376.93 | 331.33 | 247.84 | 209.08 |
| Total Income | 413.09 | 1,491.45 | 1,188.49 | 1,015.72 |
| Profit After Tax | 12.06 | 40.87 | 25.68 | 21.53 |
| EBITDA | 18.67 | 64.22 | 45.52 | 35.84 |
| NET Worth | 178.37 | 166.36 | 125.54 | 100.11 |
| Reserves and Surplus | 162.37 | 150.36 | 121.54 | 95.86 |
| Total Borrowing | 162.75 | 145.63 | 109.71 | 97.11 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 24.57% |
| ROCE (Return on Capital Employed) | 19.72% |
| Debt/Equity | 0.88 |
| RoNW (Return on Net Worth) | 24.57% |
| PAT Margin (Profit After Tax Margin) | 2.74% |
| EBITDA Margin | 4.32% |
| Price to Book Value | 5.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.55 | 2.27 |
| P/E (x) | 20.36 | 22.94 |
| Promoter Holding | 99.91% | 72.80% |
Company Promoters
- Shyamsundar Rathi
- Shailesh Rathi and Shilpa Rathi are the promoters of the company.
Company Overview
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.
Company 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
Use of Proceeds
| 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 |
Objectives
The Company Vidya Wires IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Vidya Wires IPO Peer Comparison
Vidya Wires peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vidya Wires Limited | 2.55 | 0.00 | 10.40 | 0.00 | 24.57 | 0.00 | - |
| Precision Wires India Limited | 5.04 | 0.00 | 32.25 | 53.45 | 15.63 | 8.41 | Consolidated |
| Ram Ratna Wires Limited | 15.04 | 0.00 | 110.74 | 42.19 | 14.39 | 5.76 | Consolidated |
| Apar Industries Limited | 204.47 | 0.00 | 1,121.17 | 44.36 | 18.24 | 8.09 | - |
Quick Info
| Sector | Cables & Wires |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,106.00 Cr |
Important Dates
| IPO Open | Dec 03, 2025 |
| IPO Close | Dec 05, 2025 |
| Allotment Date | Dec 08, 2025 |
| Credit to Demat | Dec 09, 2025 |
| Listing Date | Tentative: Dec 10, 2025 |
Lead Manager(s)
Pantomath Capital Advisors Pvt.Ltd.
Registrar
Description
- 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 ₹52.00 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.