Vidya Wires Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹52
Per ShareLot Size
288 Shares
Minimum Investment
₹14,976
Issue Size
₹300.01 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vidya Wires Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.91%
Promoter Holding (Post-Issue)
73.23%
Issue Type
Book Building
ISIN
INE14UN01029
About the Company
We are manufacturers of winding and conductivity products for a range of critical industries and applications. Our product portfolio includes precision-engineered Enameled Wires, Enameled Copper Rectangular Strips, Paper Insulated Copper Conductors, Copper Busbar and Bare Copper Conductors, Specialized Winding Wires, PV Ribbon and Aluminum Paper Covered Strips, among others. Our products are used in applications such as energy generation & transmission, electrical systems, electric motors, clean energy systems, electric mobility, railways. The listed peers of our Company are Precision Wires India Limited, Ram Ratna Wires Limited and Apar Industries Limited.
Industry Overview
The Indian winding and conductivity products market is around 3.43 lakh MT, with the top five companies collectively holding a 46.4% market share. The key end-use industries are power, consumer durables, renewable energy (solar and wind), automobile electric vehicles and wire & cables. The top 10 states which produce Winding and Conductivity Products in India account for more than 90% of the total its consumption of the country, both by volume and by value, out of which Gujarat, Maharashtra, Tamil Nadu, Karnataka and Telangana are leaders in most of the products.
Company History
Our Company was originally incorporated as `Vidya Wires Private Limited' as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated December 11, 1981, issued by the Registrar of Companies, Gujarat at Ahmedabad. Thereafter, our Company was converted into a public limited company pursuant to a resolution passed at the meeting of the Board of Directors held on June 19, 2024 and a special resolution passed in the extraordinary general meeting of our Share holders held on July 15, 2024 and consequently, the name of our Company was changed from `Vidya Wires Private Limited' to `Vidya Wires Limited', and a fresh certificate of incorporation dated September 16, 2024 was issued by the Registrar of Companies, Central Processing Centre to our Company.
Products & Services
- The Company is manufacturers of winding and conductivity products for a range of critical industries and applications.
Growth Strategy
- Expanding capacity through the Proposed Project, widen our product portfolio and capture additional market share.
- Focus on upcoming sectors like renewable energy and EV sectors.
- Expanding our geographical footprint.
- Continue to focus to enhance sustainability initiatives and efficiency.
- Focus on deleveraging and enhance financial flexibility.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 57,693,307 equity shares of face value of Re. 1/- each ("Equity Shares") of Vidya Wires Limited ("Company" or "Issuer") for cash at a price of Rs. 52 per equity share (Including a Share Premium of Rs. 51 per Equity Share) ("Offer Price") aggregating to Rs. 300.01 crores ("Offer") comprising a fresh issue of 52,692,307 equity shares of face value of Re. 1/- each aggregating to Rs. 274.00 crores by the company (the "Fresh Issue") and an offer for sale of 5,001,000 equity shares of face value of Re. 1/- each aggregating to Rs. 26.01 crores by the promoter selling shareholders ("Offer for Sale") comprising 2,500,500 equity shares of face value of Re. 1 each aggregating to Rs. 13.03 Crores by shyamsundar rathi and 2,500,500 equity shares of face value of Re. 1 each aggregating to Rs. 13.00 Crores by shailesh rathi ( Collectively, the " Promotor Selling Shareholders" and such equity shares, the " Offered Shares " ). The offer Constituted 27.13% of the post-offer paid-up share capital of the company. Price Band: Rs. 52/- for equity share of face value of Rs. 1 each. The floor price is 52 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 288 equity shares and in multiples of 288 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Among the top 5 manufacturers in winding and conductivity products industry in India.
- De-risked business model with wide customer base, diversified portfolio of products and multiple end-user industries.
- Backward integration for quality control as well as sustainability initiatives.
- Our presence in strategically located region.
- Diversified customer base and with longstanding relationships with customers and suppliers.
- The company has been operating for over 4 decades, however, any disruption, breakdown or shutdown of its operating facilities, in future, may have a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company is one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications, its operations and performance are dependent on copper based products which constituted over 90% of the company revenues. Any adverse changes in the conditions affecting such products' market or any slowdown in demand of the said products can adversely impact its business, financial condition and results of operations.
- While the company has longstanding relations with several of its customers and suppliers, it does not have long term agreements for supply of products or raw material with most of them. Failures to successfully continue its supplier /customer relationships could adversely affect the company.
- The company is dependent on its top 5 suppliers for most of its raw material supplies. Any dispute with such supplier may lead to interruption in the company supplies of raw materials.
- While its revenues are growing pan-India across 20 states/union territories, however, the company revenue is concentrated in western India. Any slowdown in these states may impact its business.