Mumbai, Dec 10 : Vidya Wires made a positive market debut on the Bombay Stock Exchange (BSE), listing at Rs 52.13 per share, a slight gain over its issue price of Rs 52. The IPO, which raised ₹300 crore, was oversubscribed 28.53 times, reflecting strong investor interest.
IPO Details:
The ₹300 crore Vidya Wires IPO consisted of a ₹274 crore fresh issue and an offer-for-sale of ₹26.01 crore. Proceeds from the fresh issue will fund ₹140 crore for a new ALCU subsidiary plant and ₹100 crore towards repayment or prepayment of borrowings.
Business Overview:
Vidya Wires is one of India’s leading manufacturers of winding and conductivity products, holding a 5.7% market share based on installed capacity (FY25). Its products include enameled copper wires, copper and aluminum conductors, paper-insulated strips, PV ribbons, and specialized winding solutions used in transformers, motors, EVs, railways, renewable energy systems, and industrial machinery.
The company currently has an installed capacity of 19,680 MTPA, with expansion plans to 37,680 MTPA, placing it among India’s top four players. Its portfolio spans 8,512 SKUs and serves over 450 customers annually, maintaining low customer concentration risk.
Global Reach:
Vidya Wires exports to 18 countries and serves 19 international clients. UL certification enables access to developed markets, while Gujarat facilities near Hazira and Mundra ports provide logistical advantages.
Expert Insights:
Angel One highlighted Vidya Wires’ “strong backward integration, advanced process control, and ISO certifications, ensuring product reliability. Around 25% of power needs are sourced from renewables. The new ALCU plant will expand capacity, diversify offerings, and enhance operational scale.”
SBI Securities noted that future profitability could improve with new products and better margins. “Industry tailwinds such as EV adoption, AI data center investments, and renewable energy expansion are expected to boost growth,” they said, adding that the IPO appears reasonably valued compared to peers.