Vidya Wires Ltd.
VIDYAMainboard
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Overview
Vidya Wires Limited is a prominent manufacturer of winding and conductivity products in India, holding the fourth-largest market share by installed capacity in fiscal year 2025. The company produces a diverse portfolio of over 8,000 SKUs, including enameled copper wires, paper insulated conductors, and PV ribbons, catering to critical sectors such as power transmission, renewable energy, electric mobility, and railways. With a current capacity of 19,680 MT per annum and significant backward integration for producing copper rods, Vidya Wires serves a broad customer base both domestically and internationally across more than 18 countries.
Opening Date
Dec 03, 2025
Closing Date
Dec 05, 2025
Listing Date
Dec 10, 2025
IPO Type
Mainboard
IPO Status
Closed
Issue Size
300.01 Cr
Fresh Issue
274 Cr
Offer for Sale
26.01 Cr
Price Band
₹48 - ₹52
Lot Size
288
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The Net Proceeds from the Fresh Issue are proposed to be utilized towards funding the following objects:
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Funding capital expenditure of ₹140.00 crores for setting up a new manufacturing project in its subsidiary, ALCU Industries Private Limited, to expand the product portfolio and increase total installed capacity from 19,680 MTPA to 37,680 MTPA.
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Repayment or prepayment of certain outstanding borrowings availed by the company, in part or full, amounting to ₹100.00 crores, to de-leverage its balance sheet and reduce debt servicing costs.
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Funding general corporate purposes, with the amount not to exceed 25% of the Gross Proceeds from the Fresh Issue, to support business growth and operational needs.
Key Performance Indicator
P/E Ratio
6.62
EPS
1.16
ROE
24.57%
ROCE
19.72%
RONW
24.57%
Debt to Equity Ratio
—
PAT Margin
2.74%
EBITDA Margin
4.32%
P/B
6.62
SWOT Analysis
Strengths
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Positioned among the top manufacturers in the Indian winding and conductivity products industry, ranking 4th by installed capacity.
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Operates a de-risked business model with a diverse portfolio of over 8,000 SKUs and a wide customer base where no single client exceeds 9% of revenue.
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Benefits from backward integration, producing 35-40% of its copper rod requirement in-house, ensuring quality control and supply chain stability.
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Maintains longstanding relationships with a high rate of repeat customers, who contributed over 80% of revenue in recent fiscal years.
Weaknesses
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High dependency on a few key suppliers for primary raw materials like copper cathodes and aluminium rods.
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Significant revenue concentration in the western region of India, with Gujarat and Maharashtra accounting for over 65% of revenue.
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Exposure to volatility in raw material prices, as copper and aluminium costs are linked to the London Metal Exchange (LME).
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Higher debt-to-equity ratio compared to industry peers, although the company is on a declining trend.
Opportunities
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Growing demand from the renewable energy sector, including solar and wind power projects, supported by government initiatives.
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Increasing adoption of electric vehicles (EVs) in India, creating a new and expanding market for specialized winding wires and components.
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Potential to expand its geographical footprint and increase its share of export revenue from approximately 14% to a target of 25%.
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Government's focus on 'Make in India' and infrastructure development is expected to boost demand for electrical components and cables.
Threats
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Intense competition from both organized and unorganized players in the winding and conductivity products market, leading to pricing pressures.
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Vulnerability to global economic slowdowns, political instability, and changes in trade policies or tariffs in key export markets.
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Foreign exchange rate fluctuations could adversely impact profitability due to significant raw material imports and export earnings.
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Changes in environmental and government regulations could increase compliance costs and affect manufacturing operations.
Subscription Rate
Frequently Asked Questions about Vidya Wires Ltd.
Vidya Wires Limited is a prominent manufacturer of winding and conductivity products in India, holding the fourth-largest market share by installed capacity in fiscal year 2025. The company produces a diverse portfolio of over 8,000 SKUs, including enameled copper wires, paper insulated conductors, and PV ribbons, catering to critical sectors such as power transmission, renewable energy, electric mobility, and railways. With a current capacity of 19,680 MT per annum and significant backward integration for producing copper rods, Vidya Wires serves a broad customer base both domestically and internationally across more than 18 countries.
The Vidya Wires Ltd. IPO is scheduled to open for subscription on Dec 03, 2025 and close on Dec 05, 2025. Investors can apply for shares during this period through eligible platforms.
The price band for the Vidya Wires Ltd. IPO is ₹48 to ₹52. Investors can place bids within this range once the issue opens.
The minimum lot size for the Vidya Wires Ltd. IPO is 288 shares. The minimum investment amount ₹14,976.
The total issue size of the Vidya Wires Ltd. IPO is approximately ₹300.01. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Vidya Wires Ltd. IPO has been subscribed 8.94 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Vidya Wires Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Vidya Wires Ltd. are expected to list on stock exchanges on Dec 10, 2025, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Vidya Wires Ltd. IPO are proposed to be used for The Net Proceeds from the Fresh Issue are proposed to be utilized towards funding the following objects:, Funding capital expenditure of ₹140.00 crores for setting up a new manufacturing project in its subsidiary, ALCU Industries Private Limited, to expand the product portfolio and increase total installed capacity from 19,680 MTPA to 37,680 MTPA., Repayment or prepayment of certain outstanding borrowings availed by the company, in part or full, amounting to ₹100.00 crores, to de-leverage its balance sheet and reduce debt servicing costs., Funding general corporate purposes, with the amount not to exceed 25% of the Gross Proceeds from the Fresh Issue, to support business growth and operational needs.
Before applying for the Vidya Wires Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
