Vidya Wires IPO GMP: Retail Investors Drive Demand For Wire Maker’s Shares, Issue Booked Over 4 Times- Check Details

Vidya Wires IPO GMP: Vidya Wires’ initial public offering (IPO) opened for subscription on December 3. The public issue is set to close for bidding on December 5. On the second day of subscription, the public issue is seeing decent demand across categories.

Here’s a look at some of the key details related to Vidya Wires IPO, which investors should keep in mind before they consider applying:

Vidya Wires IPO GMP

Vidya Wires shares are commanding a grey market premium of Rs 6 per share. Based on the trends in grey market premium, shares of Vidya Wires are expected to make a strong debut at Rs 58 per share with gains of 11.54 per cent.

Vidya Wires IPO: Subscription Update

Vidya Wires IPO has been booked 4.78 times across categories on the second day of subscription. Applicants have applied for 207.09 million shares compared to the 43.33 million shares offered for subscription.

The wire maker’s public issue has been booked 6.96 times so far in the retail individual investor category. Retail investors have applied for 151.3 million shares compared to the 21.72 million shares reserved for the category.

Vidya Wires IPO has been subscribed 5.36 times in the non-institutional investor (NII) category. NIIs have applied for more than 49.87 million shares compared to the 9.31 million shares reserved for the category. Qualified institutional buyers placed bids for 5.92 million shares against the 12.29 million shares reserved for them. Vidya Wires IPO has been booked 48 per cent in the QIB category.

Vidya Wires IPO: Issue Size and Price Band

The initial public offering of Vidya Wires IPO has a total offer size of Rs 300.01 crore. The wire maker plans to raise this amount through a fresh issue of 52.7 million shares aggregating to Rs 274 crore and an offer for sale of 5 million shares aggregating to Rs 26.01 crore. The price band for the wire maker’s public issue has been fixed at Rs 48 to Rs 52 per share.

Vidya Wires IPO: Anchor Investors

Vidya Wires Ltd raised Rs 90 crore from anchor investors. The anchor investors included Bandhan Mutual Fund (MF), LIC MF, Bank of India MF, Maybank Securities, Alchemy Emerging Leaders of Tomorrow Series 2 and MAIQ Growth Scheme, as per a BSE circular. The wire maker has allotted 17.3 million shares to these anchor investors at Rs 52 apiece.

Vidya Wires IPO: Lot Size and Minimum Investment

Retail investors interested in applying for Vidya Wires IPO can place bids for a minimum of 288 shares, which aggregates to an investment of Rs 14,976.

Vidya Wires IPO: Subscription Window, Listing Date, Allotment Date

Vidya Wires' IPO subscription window opened on December 3 and is scheduled to close on December 5. The share allotment status of the wire maker’s public issue will be decided on December 8.

After the finalisation of the share allotment status for Vidya Wires IPO, refunds will be initiated for unsuccessful bidders on December 9. Successful bidders will receive shares of Vidya Wires in their demat accounts on December 9 as well. Vidya Wires’ shares will be listed on the NSE and BSE. The tentative listing date for Vidya Wires’ shares is December 10.

Vidya Wires: Key Financials

Vidya Wires’ revenue for the quarter ended June 30, 2025, stood at Rs 413.09 crore. The company’s net profit and net worth stood at Rs 12.06 crore and Rs 178.37 crore, respectively.

Vidya Wires’ revenue for FY25 stood at Rs 1491.45 crore, rising by over 25 per cent from Rs 1188.49 crore in FY24. The company posted a net profit of Rs 40.87 crore in FY25 compared to a net profit of Rs 25.68 crore in FY24.

Vidya Wires IPO: Registrar

The book running lead manager for Vidya Wires is Pantomath Capital Advisors and the registrar is MUFG Intime India.

Vidya Wires: Promoters

The promoters of Vidya Wires include Shyamsundar Rathi, Shailesh Rathi and Shilpa Rathi. The promoters held 99.91 per cent stake in the company prior to the issue. However, their holding will come down to 72.8 per cent post the issue.

Vidya Wires IPO: Objective

Vidya Wires plans to use the money raised via the public issue for setting up new projects for its subsidiary, ALCU. The proceeds will also be used for repayment of the wire maker’s borrowings and for general corporate purposes.

About Vidya Wires Ltd

Vidya Wires is a manufacturer of copper and aluminium wires. The products made by the company are used in various industries. The product portfolio includes precision-engineered wires, copper strips, conductors, busbars, specialised winding wires, PV ribbons, and aluminium paper-covered strips.