Vidya Wires IPO

26.35x

subscribed

Vidya Wires IPO

open
₹13,824Min. investment
  1. Pre-apply
    2 Dec
  2. Bid start
    3 Dec
  3. Bid end
    5 Dec
  4. Allotment
    8 Dec
  5. Release of funds
    9 Dec
  6. Demat transfer
    9 Dec
  7. Listing
    10 Dec

Vidya Wires Limited IPO Details

Price range₹48.00 – ₹52.00
IPO type
Regular
Lot size288 shares
Issue size₹300Cr
Red Herring Prospectus
Read
Market Cap
₹1,106CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹1,486CrLower than sector avg
Growth rate3Y CAGR
21.23%Higher than sector avg

Vidya Wires Limited IPO Overview

Vidya Wires Limited IPO date

Vidya Wires Limited IPO will open for subscription on December 03, 2025, and the closing date for the IPO is December 05, 2025. After this, investors are expected to be updated about the allotment status on December 08, 2025. Investors who have been allotted shares can expect them to be credited to their demat account on December 09, 2025. The shares will be listed on the NSE and the BSE on Wednesday, December 10, 2025.

Vidya Wires Limited IPO price band

The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹48 to ₹52 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue, comprising a fresh issue of ₹274 crore and an offer for sale of ₹26.01 crore. Vidya Wires Limited's IPO listing price will be determined on December 10, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Vidya Wires Limited IPO lot size

Vidya Wires Limited IPO details have been declared. The minimum lot size for an application is 288 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹300.01 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,486Cr
This sector
₹1,533.73Cr
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3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
21.23%
This sector
0.01%
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PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹40.87Cr
This sector
₹65.23Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,106Cr
This sector
₹6,984.15Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
20.39
This sector
28.58
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D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.88
This sector
0.67
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Objectives

Capital expenditure
51.09%
Repayment of borrowings
36.50%
General corporate purposes
12.41%

Strength and Weakness

Among the top five players with strong market visibility

Vidya Wires is the 4th largest manufacturer in the Indian winding and conductivity products industry with an installed capacity of 19,680 MT per annum. Its 5.7% installed capacity market share in FY25 is expected to increase to ~11% post the proposed expansion, enabling a shift to the 3rd largest in the industry. Volume growth remains robust, with production increasing by 29.23% over the last 3 years, with utilisation improving from 70.31% in FY23 to 94.51% as of June 2025.

Diversified product offering

The company manufactures 8,000+ SKUs catering to key sectors including power & transmission, automotive, EVs, renewables, consumer appliances and industrial electronics. It sold to 318+ customers across 18+ countries and 5 continents in 3M FY26, with no single customer contributing over 9% revenue, significantly de-risking concentration.

Backward integration and sustainability

About 35–40% of copper rod requirements are manufactured in-house, ensuring supply security and quality compliance with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications. Renewable energy sourcing is improving sustainability, with 22–27% of power sourced from captive solar and wind assets. It also owns a 2000 KW windmill in the district of Rajkot to source renewable power at cheaper rates for its operations.

Long-standing customer relationships

Vidya Wires works with marquee names like Adani Wilmar, Schneider Electric, Suzlon, TMEIC and others, supported by high repeat business contributing 80.55% as of June 2025 and 94.28% in FY25. Global presence is expanding with 11.20% as of June 2025, 13.57% in FY25 and 13.64% in FY25. Strong supplier partnerships with Vedanta, Hindalco, Union Copper Rod, etc. help ensure raw material reliability.

Strategic location of manufacturing facility

The company’s operating facilities are located in Anand, Gujarat, giving it the advantage of access to various seaports in Gujarat for the import and export of material, mainly Hazira and Mundra. It benefits from a strong footprint in Western India, with 68.66% of revenues from Gujarat and Maharashtra as of June 2025. Both states are major hubs for power, engineering and metals manufacturing, with Gujarat being the 2nd largest bauxite producer in India (~8.8% share), supporting aluminium-based product demand.

About Vidya Wires Limited

Vidya Wires Limited is a manufacturer of winding and conductivity products used in vital applications related to railroads, clean energy, electrical systems, electric mobility, and energy generation and transmission. Enameled wires, enameled copper rectangular strips, copper busbars, bare copper conductors, paper-insulated copper conductors, speciality winding wires, photovoltaic ribbons and aluminium paper-covered strips are all part of the diverse product line.
The company is the 4th largest manufacturer in its industry with a 5.7% market share of installed capacity in FY25. Vidya Wires plans to further expand manufacturing capabilities and diversify its product range.
In the three months ending June 30, 2025, the company served 318 clients, including more than 19 foreign clients from more than 18 countries across five continents. Revenues are well-diversified, with no single customer contributing more than 9%, significantly lowering the risk of concentration exposure. It manufactures over 8,000 SKUs of winding and conductivity products with thicknesses ranging from 25 mm to 0.07 mm. Adani Wilmar, Schneider Electric, Transformers & Rectifiers India, Electrotherm, and Suzlon Energy are just a few of the significant clients with which it has longstanding relationships.
As of June 2025, 80.55% of revenue came from repeat customers, indicating strong stickiness. From an industry perspective, power and gearbox accounted for 48.83% of revenue, followed by general engineering (9.86%), electrical (22.40%), renewable, EV, and automotive (10.66%), and consumer durables (7.75%) as of June 2025.
The company has strategically located operations in Anand, Gujarat, a logistics hub with access to important ports like Hazira and Mundra. With Gujarat and Maharashtra combined accounting for 68.66% of operating revenue in the three months ending June 30, 2025, the western region continues to be its largest market. 11.20% of total revenue came from international markets, which included nations like the United States, Saudi Arabia, the United Arab Emirates, Australia, Canada, Egypt, Singapore, and so on.
The company manufactured 35-40% of the total copper rod needs in-house and sourced 22.50% of power from solar and windmills as of June 2025. Further, the company has installed enameled machines with catalytic converters and inline wire drawing machines that decrease energy consumption and resultant emissions, supported by HVAC systems in its operations. Additionally, it is a pre-approved supplier with Power Grid Corporation of India Limited and a UL-approved company, which enables it to export enamelled copper/aluminium wire to the United States of America.
The shift to clean energy is accelerating, with a target of 500 GW of non-fossil fuel power capacity by 2030. Installed solar capacity is expected to rise from 81.8 GW in FY24 to 365 GW by FY32, while EV sales increased by 42% year over year in FY24, with a boost from initiatives like EMPS 2024. With renewables and EV-related products accounting for 10.71%, 9.55%, 7.71%, and 7.11% of revenue as of June 2025, FY25, FY24, and FY23, respectively, the company is well-positioned to profit from this growth. In addition, the company is also strategically expanding production with the introduction of new products for these industries in the proposed project, including solar cables, PV round ribbon and enamelled copper rectangular strips for EV motors.
The company aims to increase capacity, broaden its geographic reach, concentrate on the emerging EV and renewable energy industries, and keep improving efficiency and sustainability.
Now, Vidya Wires Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹274 crore and an offer for sale of ₹26.01 crore. The total issue size of the IPO is ₹300.01 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Vidya Wires IPO?

You can pre-apply for the Vidya Wires IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Vidya Wires IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Vidya Wires IPO?

If you are interested in this investment opportunity but unsure how to apply for the Vidya Wires IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Vidya Wires IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Vidya Wires IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

How to check Vidya Wires IPO Allotment Status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Vidya Wires IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Vidya Wires IPO allotment status will be mentioned

IPO Analysis

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IPO REVIEW
Vidya Wires IPO
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Vidya Wires IPO Subscription Status

Date
QIB
NII
Retail
Total
03-Dec-25
0.48 times (X)
3.42 times (X)
4.06 times (X)
2.91 times (X)
04-Dec-25
1.34X
9.91X
11.49X
8.27X
05-Dec-25 (Today)
2.53X
51.31X
27.49X
26.35X

Latest News on Vidya Wires IPO

news logo
Gujarat-based winding and conductivity products maker Vidya Wires has filed preliminary papers with SEBI to raise funds via IPO for capacity expansion and debt reduction. The IPO is a mix of fresh issuance of equity shares worth Rs 320 cr, and OFS of 1 crore shares by promoters. Further, Rs 100 cr fresh issue funds will be used for repaying debt, and the remainder for general corporate purposes.
news logo
Vidya Wires IPO: The initial share sale is a fresh issuance of ₹274 crore and an offer for sale (OFS) of ₹26 crore by promoters Shyamsundar Rathi and Shailesh Rathi.

2 min read

news logo
Vidya Wires has filed its DRHP for an IPO, aiming to raise Rs 320 crore to enhance manufacturing capabilities and broaden its product range, with a diverse customer base of over 370 clients and a product lineup of over 6,400 SK . The firm, a significant player in the winding and conductivity sector, plans to allocate funds for new projects and debt repayment, holding a 5.9% market share in India.
news logo
Vidya Wires IPO Day 1: The ₹300.01 crore initial share sale comprises a fresh issuance of shares worth ₹274 crore, along with an offer for sale (OFS) of 50.01 lakh shares aggregating to ₹26.01 crore by promoters Shyamsundar Rathi and Shailesh Rathi.

3 min read

news logo
Vidya Wires IPO: The initial share sale has a fresh issue of shares worth ₹274 crore, along with an offer for sale (OFS) of 50.01 lakh shares aggregating to ₹26 crore.

3 min read

news logo
Vidya Wires IPO: The ₹300.01 crore book-build issue consists of a fresh issuance of ₹274 crore and an offer for sale (OFS) component of ₹26.01 crore.

3 min read

Frequently asked questions

How to invest in the Vidya Wires IPO ?

Investors can apply for the Vidya Wires IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Vidya Wires IPO ?

The issue size of the Vidya Wires IPO is 300 Cr.

What is 'pre-apply' for Vidya Wires IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Vidya Wires IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.

Bidding closes today at 5:00 PM