Vidya Wires, a Gujarat-based maker of copper and aluminium wiring products, will open its ₹300-crore initial public offering (IPO) on Wednesday, December 3, giving investors three days to subscribe. The issue closes on December 5.
The IPO consists of a fresh issue worth about ₹274 crore and an offer-for-sale (OFS) of nearly ₹26 crore by some existing shareholders. The company has fixed the price band at ₹48–₹52 per share, with a minimum application size of 288 shares for retail investors.
The company plans to use a large part of the proceeds to build a new manufacturing project through its subsidiary. About ₹140 crore is earmarked for this expansion. Another ₹100 crore will be used to repay or reduce debt, while the remaining amount will support general business needs.
If the schedule goes as planned, the basis of allotment will be announced on December 8, refunds and demat transfers on December 9, and the shares will list on the NSE and BSE on December 10.
Vidya Wires produces enamelled wires, copper strips, busbars, insulated conductors, PV ribbons and aluminium strips. These products are used in power transmission, electrical equipment, engineering, renewable energy and electric vehicles.
The company has reported steady financial growth. Revenue rose from ₹1,186 crore in FY24 to ₹1,486 crore in FY25, while net profit increased to ₹40.9 crore during the same period. In the first quarter of FY26, it recorded ₹411 crore in revenue and a profit of ₹12 crore.
Vidya Wires is among the leading players in its segment and aims to significantly increase its production capacity through the new project. Analysts say the expansion could strengthen its market presence and support long-term growth.
However, the company relies heavily on three sectors, power, electricals and engineering, which contribute more than 80% of its revenue. Any slowdown in these industries or delays in the new project could affect performance.
Despite these risks, many market experts believe the IPO may appeal to long-term investors due to the company’s consistent growth and expansion strategy.
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