Vidya Wires IPO

About Vidya Wires IPO

The 100% book building issue of Vidya Wires comprises a fresh issue of up to ₹274 crores and an offer for sale aggregating up to 5,001,000 equity shares, aggregating to ₹26.01 crores. The lot size of shares in this IPO is 288. The price band of shares in this IPO is between ₹48 to ₹52 per share.

Vidya Wires IPO opens on December 3, 2025 and closes on December 5, 2025. The allotment of shares will take place on December 8, 2025. The credit of shares to the Demat account will take place on December 9, 2025. The initiation of refunds will take place on December 9, 2025. The listing of shares will take place on December 10, 2025. The lot size of the IPO is 288 shares, and the minimum investment amount is ₹14,976.

Vidya Wires is a manufacturer of winding and conductivity products for a range of critical industries and applications. Its product portfolio includes precision-engineered enamelled wires, enamelled copper rectangular strips, paper insulated copper conductors, copper busbar and bare copper conductors, specialised winding wires, PV ribbon and aluminium paper covered strips, among others.

Its products are used in applications such as energy generation & transmission, electrical systems, electric motors, clean energy systems, electric mobility, and railways.

Objectives of Vidya Wires IPO

The company proposes to utilise the net proceeds from the IPO to:

• Fund capital expenditure requirements for setting up new project in its subsidiary viz ALCU
  
• Repay/prepay, in full or part, of all or certain outstanding borrowings availed by the company
  
• Meet general corporate purposes
  

Industry Outlook

In India’s wire and cable sector, aluminium and copper are essential materials due to their excellent electrical conductivity and lightweight properties. Copper is widely used in manufacturing electrical cables, wiring harnesses, and communication cables because it ensures efficient transmission of electricity and data. Its high conductivity makes it ideal for applications where performance is critical, such as in power distribution networks and industrial applications. Aluminium, being lighter and more cost-effective, is increasingly utilised in overhead power lines and aluminium conductors for medium- and low-voltage applications, providing an economical solution without compromising on performance.

The growing demand for electrical infrastructure, renewable energy connections, and telecommunications in India drives the usage of both metals in this sector, highlighting their critical roles in supporting the country’s expanding electrical and communication networks. The Indian wire and cables market was valued at USD 17.70 billion in 2023 and is expected to reach USD 27.80 billion by 2028, growing at a CAGR of 9.5% during this period, primarily driven by government infrastructure investments, green energy initiatives, and rising demand in real estate and industrial sectors.

Vidya Wires Company Information

Vidya Wires is a manufacturer of winding and conductivity products for a range of critical industries and applications. Its product portfolio includes precision-engineered enamelled wires, enamelled copper rectangular strips, paper insulated copper conductors, copper busbar and bare copper conductors, specialised winding wires, PV ribbon and aluminium paper covered strips, among others.

Its products are used in applications such as energy generation & transmission, electrical systems, electric motors, clean energy systems, electric mobility, and railways.

Strengths of Vidya Wires

• Among the top 5 manufacturers in its industry in India
• De-risked business model with a wide customer base, a diversified portfolio of products and multiple end-user industries
• Backward integration for quality control as well as sustainability initiatives
• Presence in a strategically located region
• Diversified customer base having longstanding relationships with customers and suppliers
• Continuous financial performance
• Experienced professional management team

Risks of Vidya Wires

• Slowdown in these power and transmission, general engineering and electrical sectors may impact business
• Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials could affect estimated costs
• In case its operating facilities do not meet the customers’ requirements, the company may not get orders from customers
• Delay in timely payment of statutory dues may expose it to penalties from the regulators
• There is no assurance that its expansion and existing plans will be successful
• In the event of any delay in placing the purchase orders results of operations, financial condition and cash flows may be adversely affected.
• Sustained negative cash flow could impact growth and business
• Any disruption, breakdown, or shutdown of its operating facilities or plant machinery may impact financial condition
• Slowdown in demand of the copper-based products can adversely impact business, financial condition and results of operations
• Failure to successfully continue raw material suppliers/customer relationships could adversely affect the company.

Anchor Investor Bidding Date

02-Dec-2025

IPO Registrar and Book Running Lead Managers

• IPO Registrar: MUFG Intime India
• Book Running Lead Managers: Pantomath Capital Advisors and IDBI Capital Markets and Securities

Business Model

The product portfolio of Vidya Wires includes:

• Precision-engineered wires
• Enamelled copper rectangular strips
• Paper insulated copper conductors
• Copper busbar and bare copper conductors
• Specialised winding wires
• PV ribbon and aluminium paper covered strips

Used for conductivity, durability, and thermal efficiency, the company’s products are integral to high-performance applications where reliability is crucial.

Vidya Wires Growth Trajectory

The revenue from operations of Vidya Wires grew from ₹1011.435 crores in FY 23 to ₹1486.391 crores in FY 25. The company’s EBITDA margin increased from 3.54% in FY 23 to 4.32% in FY 25, while PAT margin increased from 2.12% in FY 23 to 2.74% in FY 25. Presence in a strategically located region and a diversified customer base have helped the company grow over the years.

Vidya Wires Market Position

Vidya Wires is the 4th largest manufacturer in its industry with a 5.9% market share of installed capacity in FY25 in India as per the CareEdge Report. With plans to expand manufacturing capabilities and further diversify its product range, the company seeks to enhance its market position.

While the company sells to customers in states across India, it generates the majority of its revenue from the states of Gujarat and Maharashtra which constituted 68.66%, 69.88%, 69.45% 65.54% of its revenue from operations in the three months period ended June 30, 2025, and Fiscals 2025, 2024 and 2023, respectively.

How to Check Allotment Status of Vidya Wires Ltd IPO?

You can check the allotment status of Vidya Wires Ltd IPO through the BSE website and through the registrar portal. To check status on BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt
• Select the Issue Name from the drop-down.
• Enter your application number or PAN number
• Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status

To find the allotment status through the registrar’s portal:

• Visit the website of MUFG Intime India Private Ltd, previously Link Intime India Private Ltd
• Choose ‘Public Issues’ from Investor Services dropdown
• Choose the name of the company from ‘Select Company’ dropdown
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
• Click on Submit to check the status

How to Apply for Vidya Wires Ltd IPO?

To apply for Vidya Wires Ltd IPO:

• Step 1: Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.