Vidya Wires listed at Rs 52.13 per share on BSE. This is a positive listing compared to the issue price of Rs 52 per share. The issue was subscribed at 28.53 times.
Vidya Wires IPO details
The Rs 300 crore Vidya Wires IPO comprised of a Rs 274 crore fresh issue and an offer for sale of Rs 26.01 crore. The proceeds from the fresh share issuance will be used for Rs 140 crore capex for the new ALCU subsidiary plant. The Rs 100 crore would be used for repayment/ prepayment of borrowings.
Vidya Wires business fundamentals
Vidya Wires is one of India’s leading manufacturers of winding and conductivity products, holding a 5.7% market share (installed capacity basis, FY25). The company manufactures critical products such as enameled copper wires, copper and aluminium conductors, paper-insulated strips, PV ribbons, and other specialized winding solutions used across power transmission & distribution, transformers, motors, EVs, railways, renewable energy systems, and industrial machinery.
Vidya Wires has an installed capacity of 19,680 MTPA and an upcoming expansion to 37,680 MTPA, Vidya Wires ranks among the top 4 industry players in India. Its product portfolio spans 8,512 SKUs as of June 2025, catering to over 300 customers in Q1FY26 and over 450 customers annually, with no single customer exceeding 9% of revenue, ensuring low concentration risk.
Vidya Wires: Global foray
Vidya Wires exports to over 18 countries and serves more than 19 global customers, supported by UL certification for entry into developed markets. Its Gujarat facilities benefit from proximity to Hazira and Mundra ports, providing logistics advantages.
Vidya Wires: Expert take
In its note on the company valuations, Angel One highlighted the “strong backward integration, advanced process control, and ISO 9001/14001/45001 certifications enhance product reliability. Around 25% of power needs are met through renewable sources. The upcoming ALCU Industries plant will significantly expand capacity, diversify the product portfolio, and improve operational scale to target higher-margin segments.”
According to SBI Securities, Vidya Wires may potentially enhance profitability in the future after the introduction of new products accompanied by improved margins, “Furthermore, favourable industry tailwinds such as the growing adoption of EVs, capex on AI data centers and substantial capacity expansion in renewable energy are likely to bolster growth prospects in the coming years. While comparing the IPO with its close competitors, the issue seems to be reasonably valued,” they added.
