The Vidya Wires IPO has attracted strong investor interest on its second day, recording nearly 5 times subscription against its offer size. The wire manufacturing company is raising over ₹300 crore through this maiden public issue, with the IPO priced between ₹48 and ₹ and-52 per share.
Market Response and Subscription Highlights
The IPO has seen robust participation across investor categories:
- Retail Individual Investors (RIIs): Subscribed 7 times (662%)
- Non-Institutional Investors (NIIs): Subscribed 5 times (512%)
- Qualified Institutional Buyers (QIBs): Subscribed 48% of their allocation
On Day 2, the company received bids for 19.74 crore shares, against an offer size of 4.33 crore shares, indicating strong appetite from both retail and institutional investors.
About the IPO
- Total Issue Size: Over ₹300 crore
- Fresh Issue: ₹274 crore
- Offer for Sale: ₹26 crore
- Lot Size: Minimum 288 shares (₹14,976 at upper band)
- Bidding Window: December 3–5, 2025
- Allotment Date: December 8, 2025
- Listing Date: December 10, 2025, on NSE & BSE
The IPO proceeds will drive the company’s growth and expansion, increasing production capabilities and strengthening its foothold in the electrical infrastructure market.
Company Overview
Vidya Wires is a 40-year-old copper conductor manufacturer with a solid reputation in the industry. The company supplies to leading clients, including ABB, Siemens, and Crompton. Over the years, Vidya Wires has positioned itself to benefit from the growing demand in:
- Electric vehicles (EV)
- Renewable energy projects
- Electrical infrastructure development
Financial highlights include:
- FY25 PAT Growth: 59%
- Return on Equity (ROE): 25%
- Valuation: Post-issue P/E around 23x
The company’s strong fundamentals, established client base, and ongoing capacity expansion make it a notable entrant in the IPO market this year.
Summary
Vidya Wires IPO Day 2 underlines strong investor confidence:
- Day 2 subscription: 5x
- Retail portion: 7x subscribed
- NII portion: 5x subscribed
- Total issue: Over ₹300 crore
- Listing: December 10, 2025
The strong response reflects the market’s recognition of Vidya Wires’ long-standing operations, growth potential, and strategic positioning in India’s expanding electrical and renewable energy sectors.
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