- A high-growth home-grown player targets expansion, debt reduction & new-age markets
- Strong financials, capacity build-up plan to bolster investor confidence
- Anchor book opens December 2; Public issue from December 3–5
- Bids can be made for a minimum of 288 Equity Shares and in multiples of 288 equity shares thereafter
NE BUSINESS BUREAU
AHMEDABAD, DEC 1
Vidya Wires Limited, a Gujarat-grown engineering manufacturer with a strong foothold in the winding and conductivity products industry, is set to launch its ₹300-crore initial public offering (IPO) from December 3 to 5, aiming to draw investors with its robust growth trajectory and expansion-focused blueprint. The price band is fixed at ₹48–52 per share, with a minimum lot size of 288 shares, while the anchor book opens on December 2.
The IPO comprises a fresh issue of ₹274 crore and an offer-for-sale (OFS) of 50.01 lakh shares worth ₹26 crore by promoters.
Clear Deployment Strategy to Fuel Long-Term Growth
Vidya Wires plans to channel ₹140 crore from the fresh issue into a new manufacturing project through its subsidiary ALCU, strengthening capacity and capability. Another ₹100 crore will be utilised for repayment or prepayment of borrowings, with the balance earmarked for general corporate requirements — a structure expected to enhance balance-sheet strength and operational resilience.
A Home-Grown Leader in a Growing Industry
The company manufactures a diverse suite of products including enamelled wires, copper rectangular strips, specialised winding wires, paper-insulated conductors, copper busbars, PV ribbons and aluminium paper-covered strips. These are widely used across energy generation and transmission, electrical systems, electric motors, clean energy applications, EV mobility, and railways — sectors witnessing sustained demand upticks.
Vidya Wires ranks among India’s top five manufacturers in this segment, competing with peers such as Precision Wires India, Ram Ratna Wires, and Apar Industries.
Financial Performance that Strengthens the Investment Case
At the upper band, Vidya Wires commands a valuation of over ₹1,100 crore. The company reported a profit of ₹12 crore on revenues of ₹411.7 crore for the June 2025 quarter.
For FY25, its performance remained impressive:
- PAT surged 59% to ₹40.9 crore, up from ₹25.7 crore in FY24
- Revenue grew 25.3% to ₹1,486.4 crore, rising sharply from ₹1,186 crore
These numbers underscore operational efficiency, strong order visibility and diversified customer demand.
IPO Structure Designed for Broad Participation
As mandated, 50% of shares are reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. Investors can apply in lots of 288 equity shares and in multiples thereafter.
Listing & BRLMs
Shares are slated to list on BSE and NSE on December 10, with allotment finalisation on December 8.
Pantomath Capital Advisors and IDBI Capital Markets & Securities are acting as lead managers, while MUFG Intime India is the registrar.
