The Vidya Wires IPO opened with energy on its first day. Within just two hours, the issue managed to get fully subscribed, setting a busy tone in the primary market. For a company rooted in industrial manufacturing, the early response showed how quickly investors connected with its story.
Market Performance
When the IPO window opened for public subscription, the demand moved fast. The market mood was already active, and Vidya Wires fit right into that sentiment with its clear operational footprint and structured offer.
The response was steady across categories, with some segments moving quicker than others. By the time the clock hit the two-hour mark, the total bids comfortably crossed the shares available.
Vidya Wires IPO Breakdown
The numbers told their own story. Crisp, clear, and reflective of investor interest.
Subscription Snapshot
- Total shares on offer: 4.33 crore
- Total bids received: 4.51 crore
- Overall subscription: 1.04 times
- Retail investor subscription: 1.7 times
- Non-institutional investor (NII) subscription: 88%
The subscription window runs from December 3 to December 5, with the issue priced in the range of ₹48–₹52 per share.
A day before opening to the public, the company also completed its anchor book process, raising ₹90 crore from institutional buyers.
Inside the Company
Vidya Wires isn’t a new name in its sector. It holds a strong presence as one of India’s major manufacturers of winding and conductivity products—a segment that connects directly with industries that keep the country’s core systems running.
Its product line spans a diverse range:
- Enameled Wires
- Enameled Copper Rectangular Strips
- Paper Insulated Copper Conductors
- Copper Busbar & Bare Copper Conductors
- Specialised Winding Wires
- PV Ribbon
- Aluminum Paper-Covered Strips
These products flow into critical applications such as:
- Energy generation and transmission
- Electrical systems
- Electric motors
- Clean energy infrastructure
- Electric mobility
- Railways
For a manufacturing business, the utility spread across these sectors gives Vidya Wires a foundational role in supply chains that power essential operations.
Use of Funds
The company has outlined a clear approach for deploying proceeds from the ₹300-crore public offer.
The focus areas include:
- Funding capital expenditure for new projects through its subsidiary ALCU
- Repayment of existing debt
- General corporate purposes
This allocation leans toward strengthening operational capacity and streamlining financial structure.
IPO Timeline & Allotment
The next steps follow a familiar path in the primary market calendar.
- Allotment date: December 8
- Listing venue: BSE and NSE
- Expected listing date: December 10
With subscription already crossing the one-time mark early on Day 1, the focus now shifts to how numbers move as the window progresses.
Summary
The Vidya Wires IPO opened to a strong start, driven by interest from retail investors and steady participation from NIIs. A full subscription within two hours speaks to the company’s positioning in the industrial manufacturing ecosystem and the relevance of its products across energy, mobility, and electrical sectors.
As the IPO continues through December 5, the market will watch how the subscriptions build further. For now, Vidya Wires has managed to capture the early momentum—and that sets the tone for the days ahead.
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