Vidya Wires IPO: Price band set at Rs 48–Rs 52, public issue opens on December 3

Vidya Wires, a Gujarat-based manufacturer of winding and conductivity products, is gearing up for its Rs 300-crore initial public offering (IPO), with the issue set to open for public subscription on Wednesday, December 3. The company has fixed a price band of Rs 48 to Rs 52 per equity share of face value Rs 1 each.

This marks the third IPO hitting the mainboard on the same day, following closely on the heels of offerings from e-commerce platform Meesho and aerospace components maker Aequs.

The anchor investor bidding window will open a day earlier on Tuesday, December 2.

Vidya Wires IPO details

Vidya Wires plans to raise Rs 300 crore through a combination of fresh equity shares worth Rs 274 crore and an offer-for-sale (OFS) component of Rs 26 crore, where promoter shareholders Shyamsundar Rathi and Shailesh Rathi will offload 50.01 lakh shares.

The weighted average cost of acquisition for these shares stands at just Rs 0.25, highlighting a strong exit valuation for the promoters.

The IPO will be listed on the BSE, with shares allotted and listed by Wednesday, December 10, post allotment finalisation and refund initiation on December 8 and 9, respectively.

Vidya Wires valuations

Vidya Wires brings a profitable track record to the table. Based on FY25 diluted EPS, the implied price-to-earnings (P/E) ratio stands at 20.39x at the upper band and 18.82x at the lower band.

These figures position the company at a discount when compared to the industry average P/E of 47.82x for FY25.

Moreover, the company’s weighted average return on net worth for the past three fiscals is 22.69%, reinforcing the IPO’s value proposition for investors seeking steady profitability and operational efficiency.

About Vidya Wires

Vidya Wires manufactures a range of winding and conductivity products for critical industries like power transmission, electricals, and general engineering. Its portfolio includes enamelled copper wires, copper busbars, PV ribbons, and paper-covered strips.

With over 80% of its revenues derived from these three end-use industries, the company maintains a strong sectoral linkage. In FY25 alone, the company clocked operating revenues of Rs 12,951.61 million (~Rs 1,295 crore), with the power & transmission segment contributing 48.06%, followed by electrical (28.58%) and general engineering (10.20%).

Vidya Wires IPO allocation and lead managers

The IPO allocation structure adheres to SEBI norms: QIBs can bid for up to 50% of the issue, non-institutional investors for not less than 15%, and retail investors are allotted a minimum of 35%.

Also read: Rs 30,000 crore IPO gold rush triggers worst selling by retail investors since FY19

The issue is being managed by Pantomath Capital, IDBI Capital, and MUFG Intime India as the registrar.

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