Vidya Wires IPO to open on Dec 3; price band fixed at ₹48–₹52, lot size and key details revealed

Vidya Wires IPO: Copper and aluminium wires manufacturer Vidya Wires has set a price band of ₹48 to ₹52 per share for its ₹300 crore initial public offering, which will open on December 3. The IPO will conclude on December 5.

L to R: Hiren Raipancholia, Pantomath Capital Advisors; Arun Maheshwari, Finance Head – Vidya Wires; Shyamsundar Rathi, Chairman and Whole Time Director – Vidya Wires; Shailesh Rathi, Managing Director; Vidya Wires; Naveen Pachisia, Chief Financial Officer – Vidya Wires and Lokendra Parihar, IDBI Capital Markets & Securities

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.

The net proceeds from the issue will be utilised for funding capital expenditure needs for establishing new project its unit viz ALCO, epayment of debt availed by the company and corporate general purposes.

The Price Band of the Offer has been fixed at Rs48 to Rs 52 per Equity Share. (“Price Band”). Bids can be made for a minimum of 288 Equity Shares and in multiples of 288 Equity Shares thereafter.

L to R: Shailesh Rathi, Managing Director, Vidya Wires and Shyamsundar Rathi, Chairman and Whole Time Director, Vidya Wires

The initial public offer comprises of Equity Shares of face value Rs 1 per share (“Total Offer Size”) comprising of a fresh issue of up to Rs 2,740 million [Rs 274 Crore] (“Fresh Issue”) and an offer for sale of up to 5,001,000 Equity Shares (“Offer for Sale”).

The Anchor Investor Bidding Date shall be December 02, 2025. The Bid / Offer shall open for public on December 03, 2025 and the Bid/Offer shall close on December 05, 2025.

The Company proposes to utilize the net proceeds from the Fresh Issue towards (i)Funding capital expenditure requirements for setting up new project in subsidiary viz.ALCU amounting to Rs1,400 million [Rs140 crore]; (ii) Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company estimated amounting to Rs 1,000 million [Rs 100 crore]; and general corporate purposes.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, the Designated Stock Exchange shall be BSE.

Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited, are the book running lead managers to the Offer (the “BRLMs”).

Vidya Wires IPO: Lot size

A lot consists of 288 shares and multiples thereof. The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail individual investors (RIIs).

Meesho IPO: Allotment and listing date

IDBI Capital Markets & Securities and Pantomath Capital Advisors are the issue’s book-running lead managers, while MUFG Intime India serves as the registrar.

About Vidya Wires

Vidya Wires is among the largest manufacturers of winding and conductivity products for a range of critical industries and applications. Its product portfolio includes precision-engineered wires, paper-insulated copper conductors, enamelled copper rectangular strips, copper busbars and bare copper conductors, PV ribbon and aluminium paper-covered strips and specialised winding wires, among others. The company’s products are utilised in varied critical applications like electrical systems, electric motors, energy generation & transmission, clean energy systems, electric mobility and railways.

It is a pre-approved supplier with Power Grid Corporation of India and a UL-approved company, which allows it to export enamelled copper/aluminium wire to the United States of America.