Vidya Wires Limited, a leading manufacturer of copper and aluminium winding wires, has opened its initial public offering (IPO) today. The company aims to raise ₹300 crore through a combination of fresh issue and offer for sale. Coming at a time when India’s primary markets are buzzing with multiple listings, Vidya Wires’ IPO is drawing attention from investors looking to tap into the country’s growing industrial and electrical sectors.
IPO Details:
- Price band: ₹48–52 per share
- Issue size: ₹300 crore (₹274 crore fresh issue + ₹26 crore OFS)
- Lot size: Minimum bid of 288 shares
- Subscription window: December 3–5, 2025
- Listing date: December 10, 2025
- Anchor investors: Raised ₹90 crore ahead of launch
Company Profile:
Vidya Wires specializes in conductive products such as copper and aluminium winding wires, which are critical components for transformers, motors, and other electrical equipment. With strong demand from the power, automotive, and industrial sectors, the company has reported 25% revenue growth in FY25, positioning itself as a reliable supplier in India’s manufacturing ecosystem.
Grey Market Premium (GMP):
- Current GMP: Around ₹6 per share
- Indicates a potential listing price of ₹58 at the upper band
- Reflects moderate investor enthusiasm, suggesting cautious optimism
Market Context:
The IPO coincides with other high-profile listings like Meesho and Aequs, making December 3 one of the busiest days for India’s IPO calendar. Analysts believe Vidya Wires’ niche focus on conductive products could attract investors seeking exposure to industrial growth, though commodity price volatility remains a key risk.
Investor Outlook:
- Strengths: Strong revenue growth, established industrial presence, anchor investor confidence
- Risks: Profitability pressures, dependence on raw material costs, modest GMP compared to peers
Expert view: Attractive for medium- to long-term investors, but retail participants should weigh risks carefully
