Vidya Wires IPO Listing: Copper And Aluminum Player Sees Quiet Debut On D-Street, Shares List Flat

Vidya Wires IPO Listing: Vidya Wires saw a flat debut on the D-Street on December 10. On the NSE, the stock opened at Rs 52, same as the upper end of the issue's price band. On the BSE, the stock opened at Rs 52.13 per share, a meagre 0.25 per cent gain.

Through its initial public offering (IPO), Vidya Wires raised Rs 300 crore via a combination of fresh equity and an offer for sale. The issue comprised a fresh issue of 5.27 crore shares amounting to Rs 274 crore, and an offer-for-sale of 50 lakh shares worth Rs 26 crore.

The company offered its shares with a price band of Rs 48 to Rs 52 per share, in lot size of 288 shares. The Vidya Wires IPO was open for subscription from December 3 to December 5.

In the unlisted market, Vidya Wires shares were quoting a grey market premium (GMP) of about Rs 3.50 per share ahead of its debut, indicating expectations of 6.73 per cent listing gains. However, the actual listing premium came in flat as against the grey market indication.

Pantomath Capital Advisors and IDBI Capital Markets and Securities were the book running lead managers, and MUFG Intime was the registrar to the issue.

Vidya Wires IPO Subscription Details

Vidya Wires IPO was subscribed 26.59 times overall, attracting bids for 115.23 crore shares against 4.33 crore shares on offer.

Qualified institutional buyers (QIBs) booked the issue 5.12 times, non-institutional investors (NIIs) subscribed 51.98 times, and retail investors placed 27.86 times bids against their quota.

Vidya Wires IPO Objectives

Vidya Wires plans to utilise the proceeds from the public issue to set up new projects for its subsidiary, ALCU. A part of the funds will also go towards repaying borrowings and meeting general corporate requirements.

Vidya Wires IPO Key Financials

Vidya Wires reported total income of Rs 413.09 crore in the June quarter of FY26, and its profit after tax (PAT) stood at Rs 12.06 crore.

For the year ended March 31, 2025, the company’s total income rose over 25 per cent to Rs 1,491.45 crore from Rs 1,188.49 crore in the previous fiscal. PAT for FY25 came in at Rs 40.87 crore, up more than 59 per cent from Rs 25.68 crore in FY24.

The company reported a net worth at Rs 178.37 crore, as of June 30, 2025.

Vidya Wires: Company Profile

Vidya Wires manufactures winding and conductivity products used across a range of critical industrial applications. The company offers more than 8,000 stock-keeping units (SKUs), including precision-engineered enamelled wires, enamelled copper rectangular strips, paper-insulated copper conductors, copper busbars, bare copper conductors, specialised winding wires and aluminium paper-covered strips.

Its products find applications in sectors such as energy generation and transmission, electrical systems, electric motors, clean energy, electric mobility and railways. A major portion of the company’s revenue comes from the manufacture and sale of winding and conductivity copper products.