Vidya Wires is launching an IPO worth ₹300.01 crore, which includes a fresh issue of ₹274 crore and an offer for sale of ₹26.01 crore. The IPO will open on December 3, 2025, and close on December 5, with allotment expected on December 8 and a tentative listing on December 10 on both BSE and NSE.
The price band for the issue is ₹48–₹52 per share, and investors must apply for a minimum lot of 288 shares, requiring ₹14,976 at the upper price. For NIIs, the minimum application size is 14 lots for sNII and 67 lots for bNII. Pantomath Capital Advisors is the lead manager, and MUFG Intime India is the registrar for the IPO.
Vidya Wires IPO Objectives
- ₹1,400 million will be used to fund capital expenditure for setting up a new project in the subsidiary ALCU.
- ₹1,000 million will be used for repayment or prepayment of certain outstanding borrowings of the company.
- The remaining amount (up to 25% of gross proceeds) will be used for general corporate purposes.
About Vidya Wires
The Vidya Wires IPO is a book-built issue of ₹300.01 crore, comprising a fresh issue of 5.27 crore shares worth ₹274.00 crore and an offer for sale of 0.50 crore shares worth ₹26.01 crore.
The IPO opens on Dec 3, 2025, and closes on Dec 5, 2025, with allotment expected on Dec 8, 2025. Listing on BSE and NSE is tentatively scheduled for Dec 10, 2025.
The price band is set at ₹48–₹52 per share. The lot size is 288 shares, requiring a minimum investment of ₹14,976 for retail investors. For S-HNI, the minimum is 4,032 shares (₹2,09,664), and for B-HNI, 19,296 shares (₹10,03,392).
Pantomath Capital Advisors is the BRLM, and MUFG Intime India is the registrar.
About Vidya Wires
Vidya Wires is a manufacturer of winding and conductivity products used in sectors like power transmission, electrical systems, clean energy, electric vehicles, railways, and general engineering. Their product range includes enameled wires, insulated copper conductors, copper busbars, PV ribbons, aluminium strips, and many other specialised wires.
The company is the 4th largest player in India with a 5.7% market share in FY25 and operates with a strong installed capacity of 19,680 MTPA, which it plans to expand to 37,680 MTPA through a new manufacturing unit under its subsidiary ALCU. Capacity utilisation has grown from 70% in FY23 to 94.5% by June 2025, supported by rising production volumes and diversified demand.
Vidya Wires serves 400+ customers across India and international markets, with no single customer contributing more than 9% of revenue. It operates with over 8,000 SKUs, sells to 18+ countries, and generates most revenue from the power, transmission, electrical, and engineering sectors. The company is certified with ISO quality, safety, and environmental standards and sources about 25% of its power from renewable energy, reflecting its focus on sustainable operations.
Industry Outlook
- The Indian wires & cables market was estimated at USD 17,270.5 million in 2023, and is forecast to grow to USD 24,475.8 million by 2030, implying a CAGR of about 5.1% over 2024–2030.
- In 2023, India consumed around 1,266 kt (kilotonnes) of insulated metallic wire and cable (nearly 6% of global consumption).
- The demand for wires in India is being driven by multiple drivers: rising urbanisation and residential/commercial construction (driving demand for low-voltage wires), expansion of power transmission & distribution networks, and increased adoption of renewable energy and electric mobility.
How to Apply for the Vidya Wires IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Vidya WiresIPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How to Check the Allotment Status of Vidya Wires IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Vidya Wires IPO
Registered Office: Vidya Wires Ltd., Plot No 8/1-2. GIDC, Opposite SLS Industries, Vithal Udyognagar, Anand, Gujarat, 388121
Phone: +91 74340 38300
Email: cs@vidyawire.com
Vidya Wires IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue |
| Retail Investors | Not less than 35% of the Net Issue |
| NII (Non-Institutional Investors) | Not less than 15% of the Net Issue |
Vidya Wires IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 288 | ₹14,976 |
| Retail (Max) | 13 | 3,744 | ₹1,94,688 |
| S-HNI (Min) | 14 | 4,032 | ₹2,09,664 |
| S-HNI (Max) | 66 | 19,008 | ₹9,88,416 |
| B-HNI (Min) | 67 | 19,296 | ₹10,03,392 |
Vidya Wires IPO Promoter Holding
The company is promoted by Shyamsundar Rathi, Shailesh Rathi, and Shilpa Rathi.
| Promoter Details | Shareholding |
| Promoter Holding (Pre-Issue) | 99.91% |
| Promoter Holding (Post-Issue) | To be updated |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Vidya Wires IPO
| KPI | Metric (FY 2025) |
| EBITDA Margin | 4.32% |
| PAT Margin | 2.74% |
| ROE | 24.57% |
| ROCE | 19.72% |
| Debt-to-Equity Ratio | 0.88 |
Vidya Wires IPO Prospectus
Vidya Wires IPO Registrar and Lead Managers
Vidya Wires IPO Lead Managers
- Pantomath Capital Advisors Pvt.Ltd.
Registrar for Vidya Wires IPO
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vidyawires.ipo@linkintime.co.in
Financial Performance of Vidya Wires
| Metric | FY 2025 | FY 2024 | FY 2023 |
| Revenue from Operations (₹ million) | 14,863.91 | 11,860.73 | 10,114.35 |
| EBITDA (₹ million) | 642.18 | 455.15 | 358.37 |
| PAT (₹ million) | 408.72 | 256.93 | 215.04 |
| Net Worth (₹ million) | 1,663.63 | 1,255.38 | 1,001.10 |
| Production Capacity (MT) | 19,680 | 19,380 | 19,380 |
Vidya Wires Peer Comparison
| Company | Revenue from Operations – FY25 (₹ million) | P/E Ratio | RoNW (%) – FY25 |
| Vidya Wires | 14,863.91 | [●] | 24.57 |
| Precision Wires India Ltd | 40,148.31 | 53.45 | 15.63 |
| Ram Ratna Wires Ltd | 36,767.49 | 42.19 | 14.39 |
| Apar Industries Ltd | 185,812.10 | 44.36 | 18.24 |
Strengths and Opportunities for Vidya Wires IPO
- Experienced promoters with 40+ and 20+ years, leading strategic business expansion effectively.
- 4th largest manufacturer in India; 19,680 MT capacity; 5.7% market share.
- 8,000+ SKUs sold to 318+ customers, including 19 international clients.
- Broad end-user industries: Power, Automotive, Electrical, Renewables, Consumer, de-risking revenue sources.
- Backward integration: 35%-40% copper rods produced in-house; ensures quality control.
Risks and Threats for Vidya Wires IPO
- Over 80% revenue depends on power, engineering, electrical sectors; slowdown risks.
- Raw material costs (copper, aluminium, insulation) volatile; may impact margins significantly.
- Supply chain disruptions from domestic, international sources could delay production timelines.
- Promoter SEBI notices history may affect reputation, investor confidence, future compliance.
- Pre-qualification audits required; failed conversions may reduce orders, revenue, profitability.
