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.

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