Vidya Wires Limited is launching its Initial Public Offering (IPO) to raise funds for capital expenditure and repayment of outstanding borrowings. The ipo size aggregates up to Rs. 300.01 crore, comprising a fresh issue of 5.27 crore equity shares totalling Rs. 274 crore and an offer for sale of 0.50 crore shares worth Rs. 26.01 crore.
Vidya Wires Limited’s IPO price band is set at Rs. 48-52 per share. The IPO opens for subscription on December 03, 2025, and closes on December 05, 2025. The shares will be listed on NSE and BSE on Wednesday, December 10, 2025. Here’s everything you need to know.
GMP of Vidya Wires Limited IPO
As of December 1st, 2025, the shares of Vidya Wires Limited in the grey market were trading at a 11.54 percent premium. The shares in the Grey Market traded at Rs. 58. This gives it a premium of Rs. 6 per share over the cap price of Rs. 52.
Overview of Vidya Wires Limited
Vidya Wires Limited was founded in 1981 and specializes in producing high-quality copper and aluminium wires. The company focuses on manufacturing winding and conductivity products that support various industrial applications. Over the years, it has built a strong presence in the electrical and engineering sectors through consistent product innovation and reliability.
The company offers a wide range of products, including enamelled copper wires, copper strips, conductors, busbars, PV ribbons, and aluminium paper-covered strips. These products are essential for industries such as energy generation, electric mobility, railways, and clean energy. They provide strong conductivity, durability, and efficient thermal performance for high-load electrical systems.
Vidya Wires manufactures over 8,000 different SKUs, ranging from extremely fine wires of 0.07 mm to thicker products of up to 25 mm. The company also plans to expand its portfolio by introducing copper foils, solar cables, and aluminium winding wires to meet rising market demand.
The company has increased its manufacturing capacity to 19,680 MT per annum and aims to expand it further to 37,680 MT with a new plant in Narsanda, Gujarat. As of November 14, 2025, Vidya Wires employed 139 permanent staff and more than 394 contract workers, supporting its large-scale production and future growth plans.
Promoters of Vidya Wires Limited
The promoters of the company are Shyamsundar Rathi, Shailesh Rathi, and Shilpa Rathi. They have long-standing experience in the wire manufacturing industry and lead the company’s strategic direction.
Selling Shareholders of Vidya Wires Limited
Vidya Wires Limited IPO is offering to sell up to 50.01 lakh equity shares through the Offer for Sale, comprising 25,00,500 equity shares each by Shyamsundar Rathi and Shailesh Rathi, both holding shares with a face value of Re. 1 per share.
Lead Manager of Vidya Wires Limited IPO
Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited are the Book Running Lead Managers (BRLM) for the Vidya Wires Limited IPO. MUFG Intime India Private Limited acts as the Registrar to the offer. Both firms bring vast experience in managing successful public issues in India.
Objectives of the IPO Offer
Vidya Wires Limited’s IPO proposes to utilize the net proceeds for three primary objectives. The company will allocate Rs. 140 crore towards funding capital expenditure for setting up a new project in its subsidiary, ALCU.
Additionally, Rs. 100 crore will be used for the repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company. The remaining portion of the proceeds will be deployed for general corporate purposes to support overall business operations and future growth.
Financial Analysis of Vidya Wires Limited
Coming into financial highlights, Vidya Wires Limited’s consolidated revenue from operations has increased from Rs. 1,186.07 crore in FY24 to Rs. 1,486.39 crore in FY25, which represents a growth of 25.32 percent. The net profit has also grown by 59.09 percent from Rs. 25.69 crore in FY24 to Rs. 40.87 crore in FY25.
In the June Quarter 2025, Vidya Wires Limited has reported a consolidated revenue from operations of Rs. 411.76 crore and a net profit of Rs. 12.06 crore. Vidya Wires Limited has a PAT Margin of 2.74 percent and an EBITDA Margin of 4.32 percent.
Further, Vidya Wires Limited’s revenue and net profit have grown at a CAGR of 21.23 percent and 38.09 percent, respectively, over the last two years. In terms of return ratios, the company’s ROCE and ROE stand at 24.57 percent and 19.72 percent, respectively. Vidya Wires Limited has an earnings per share (EPS) of Rs. 2.55, and its debt-to-equity ratio is 0.88x.
Vidya Wires Limited Vs Peers
Vidya Wires Limited reported total revenue of Rs. 1,486.39 crore and a Return on Net Worth (RoNW) of 24.57 percent. In comparison, Precision Wires India Limited recorded revenue of Rs. 4,014.83 crore with a RoNW of 15.63 percent, while Ram Ratna Wires Limited posted Rs. 3,676.75 crore in revenue and a RoNW of 14.39 percent. Apar Industries Limited achieved revenue of Rs. 18,581.21 crore with a RoNW of 18.24 percent.
Vidya Wires Limited’s net asset value per share stands at Rs. 10.40, compared to Rs. 32.25 for Precision Wires India Limited, Rs. 110.74 for Ram Ratna Wires Limited, and Rs. 1,121.17 for Apar Industries Limited.
Strengths of Vidya Wires Limited
- Strong manufacturing base supports diverse conductivity product demand across key industries.
- Growing export presence enhances global market reach and revenue stability.
- Experienced promoters provide strategic guidance and operational leadership.
- Upcoming capacity expansion strengthens long-term growth and product diversification.
- Efficient production systems help maintain quality and cost competitiveness.
Weaknesses of Vidya Wires Limited
- High reliance on copper prices exposes the business to raw material volatility risks.
- A limited number of manufacturing facilities creates capacity concentration risks.
- Smaller scale than major industry peers limits market share expansion speed.
- Past regulatory notices issued to promoters may affect investor confidence.
- Expansion plans require heavy capital expenditure, increasing financial pressure.
Conclusion
Vidya Wires Limited’s IPO offers investors exposure to a growing industrial segment supporting power, mobility, and renewable energy sectors. The company’s expansion strategy, improving financial performance, and diversified product portfolio strengthen its long-term outlook. Investors should review risks, market conditions, and financial data before considering a subscription.
Written By – Nikhil Naik
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