Vidya Wires will launch its public offering on December 3. With Aequs and Meesho also entering the market on the same day, investors will keep a close watch on the wire manufacturing company’s IPO, which reported a strong 25% revenue growth in FY25. Here’s a detailed look at the IPO, including the issue size, share price band, grey market premium, tentative allotment date, and other key details.
Vidya Wires IPO: Issue size
Vidya Wires’ IPO is a book-build issue totaling Rs 300.01 crore. The company plans to raise Rs 274 crore through a fresh issue of 5.27 crore shares, while 50 lakh shares worth Rs 26.01 crore will be offered through an offer for sale (OFS) by existing shareholders.
Vidya Wires IPO: Price band
The IPO price band has been set between Rs 48 and Rs 52 per share.
Vidya Wires IPO: GMP
In the unlisted market, Vidya Wires’ shares are currently trading around Rs 58, indicating a grey market premium of nearly 12% over the upper end of the price band.
However, the GMP is an unofficial metric of assessing investor sentiment. The actual listing price can be very different.
Vidya Wires IPO: Allotment, listing dates
The IPO opens on December 3 and closes on December 5. Share allotment is expected by December 8, with credited shares and initiation of refunds for unsuccessful bids scheduled for December 9. Listing on the stock exchanges is likely on December 10.
Vida Wires IPO objectives
According to the company’s DRHP, Rs 140 crore will be used to set up a new ALCO unit, a wholly owned subsidiary focused on aluminium-based conductivity products. An additional Rs 100 crore will be allocated for debt repayment, while the remaining proceeds will be used for general corporate purposes.
Key risks
Vidya Wires derives a significant portion of its revenue from the electrical sector, with around 80% of Q2FY26 revenue coming from power and transmission, general engineering, and electrical segments. This dependence could pose a risk if any disruptions occur in these sectors. The company is also reliant on key raw materials such as copper and aluminium, without long-term supply contracts, exposing it to price volatility and potential supply disruptions, Angel One said. Any fluctuations in these areas could impact margins and overall profitability, it added