Vidya Wires Ltd

Vidya Wires Ltd is a 45-year-old company, engaged in the manufacture of copper and aluminium wires. Its products broadly cater to user industries like electrical systems, railways, clean energy etc. Its product basket includes wires, copper stripes, conductors, busbars, PV ribbons, and aluminium paper. It plans to nearly double its manufacturing capacity from the 19,680 MT to 37,680 MT. It will additionally add 18,009 MT in Narsanda in Gujarat. Its location is strategic and close to most of its user industries. 

The IPO will be a combination of a fresh issue and an offer for sale by the early investors. The fresh issue funds will be used to fund capex at its new plant, and repayment of loans. The promoters of the company are Shyamsundar Rathi, Shailesh Rathi, and Shilpa Rathi. The OFS offering is by the promoter shareholders of the company; Shyamsundar Rathi and Shailesh Rathi. The issue is being lead-managed by Pantomath Capital Advisors and IDBI Capital Markets; while MUFG Intime India Private Ltd will be registrars to the IPO.  

Highlights of the IPO Issue

Here are the key highlights of the public issue of Vidya Wires Ltd.

1. The IPO of will be open from December 03rd, 2025 to December 05th, 2025. It has a face value of ₹1 per share and IPO price band is set in range of ₹48 to ₹52 per share.
2. The IPO of Vidya Wires Ltd will be a combination of a fresh issue of shares and an offer for sale by the promoters.
3. The fresh IPO portion comprises the issue of 5,26,92,307 shares (526.92 lakh shares), which at the upper price band of ₹52 per share translates into ₹274.00 crore.
4. The OFS of the IPO comprises the sale of 50,01,000 shares (50.01 lakh shares), which at the upper price band of ₹52 per share translates into ₹26.01 crore.
5. The overall IPO will comprise of the issue and sale of 5,76,93,307 shares (576.93 lakh shares), which at the upper price band of ₹52 per share translates into ₹300.01 crore. 

The IPO of Vidya Wires Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation will happen a day ahead of IPO opening. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Vidya Wires Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Vidya Wires Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 288 shares) 

Financial Highlights

The table captures the key financials of Vidya Wires Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

The company, Vidya Wires Ltd, has been profitable over the last 3 years, with the PAT margins improved marginally. In the industry, this type of net margins is the norm and it rarely goes above 5% in a best-case scenario. ROE and ROA have shown good traction in the latest fiscal year of FY25 with its asset turnover at a high level due to a deliberately less cash intensive operating model adopted by the company.

Valuation Metrics

At the IPO price of ₹52, the latest EPS of ₹2.55 shows a P/E discounting of 20.4 times. This is fair valuation for the business, although traction is yet to be seen closely in the future. The asset-light business model is likely to be an edge as it allows them to expand their asset return ratios in the future. 

Vidya Wires also brings some additional intangibles to the game. It has the advantage of positioning as it is among the top-5 players in the winding and conductivity space. Its end-user industries are varied, so the business model is relatively de-risked. Its factories are located close to key demand areas, which gives them better control over the supply chain. Investors need to be first convinced about the financials sustaining before taking a call. 

A Brief on the Anchor Allocation

The anchor issue of Vidya Wires Ltd saw a strong response on 02nd December 2025 with 28.54% of the IPO size absorbed by anchors. Out of 6,06,42,000 shares (606.42 lakh shares) on offer in the IPO, anchors picked up 1,73,07,991 shares (173.08 lakh shares) accounting for 28.54% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹52 per share. This includes the face value of ₹1 per share plus a share premium of ₹51 per share. The anchor bidding process opened and closed on 02nd December 2025.  

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Vidya Wires Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors

On 02nd December 2025, Vidya Wires Ltd allotted 1,73,07,991 shares to 10 anchor investors. The allocation was done at the upper IPO price band of ₹52 per share which resulted in overall anchor allocation of ₹90.00 crore. The anchors have already absorbed 28.54% of the total issue size of ₹315.34 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹90.00 crores, or, 100% of the overall anchor allocation of shares, one day ahead of the IPO of Vidya Wires Ltd. The anchor bidding opened and closed on December 02, 2025. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20251202-58&attachedId=47b6f271-20df-4001-80a8-c939bd84fd45 

Out of the 1,73,07,991 shares allocated to the anchors in the IPO, there were a total of 1,34,61,696 shares allocated to mutual funds registered with SEBI. The allocation was made to 7 mutual fund schemes across 3 AMCs. Mutual funds accounted for 77.78% of the total anchor allocation of the IPO. AIFs, Insurance Companies and P-Notes were the most active in participating in the anchor allocation of Vidya Wires Ltd. 

Next Step in the IPO

Post the closure of the IPO subscription on 05th December 2025, the basis of allotment will be finalized on 08th December 2025 and the refunds will be initiated on 09th December 2025. In addition, the demat credits are expected to also happen on 09th December 2025 and the stock will list on 10th December 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 09th December 2025 under ISIN (INE14UN01029). 

IPO Subscription Status On Day-1

As of 5.55 pm on 03rd December 2025, out of the 433.34 lakh shares on offer in the IPO (excluding anchor portion), Vidya Wires Ltd saw bids for 1,250.99 lakh shares. This implies an overall subscription of 2.89X at a macro level. The granular break-up of subscriptions at close of Day-1 of the IPO of Vidya Wires Ltd was as under: 

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had relatively robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to December 05, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-2

As of 5.45 pm on 04th December 2025, out of the 433.34 lakh shares on offer in the IPO (excluding anchor portion), Vidya Wires Ltd saw bids for 3,578.70 lakh shares. This implies an overall subscription of 8.26X at a macro level. The granular break-up of subscriptions at close of Day-2 of the IPO of Vidya Wires Ltd was as under: 

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had relatively robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to December 05, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-3

As of 7.25 pm on 05th December 2025, out of the 433.34 lakh shares on offer in the IPO (excluding anchor portion), Vidya Wires Ltd saw bids for 11,523.55 lakh shares. This implies an overall subscription of 26.59X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Vidya Wires Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had relatively robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO of Vidya Wires Ltd was open up to December 05, 2025, and has closed for subscription as of the close of trading hours on December 05, 2025. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close stood at ₹5,992 crore. 

About Vidya Wires Ltd

The IPO of Vidya Wires Ltd opened on December 03rd, 2025 and closed on December 05th, 2025. The overall IPO comprised entirely of a fresh issue and an offer for sale (OFS) of 6,06,42,000 shares (606.42 lakh shares) worth ₹315.34 crore at the upper price band of ₹52 per share. The allotment status will be finalized by end of day (EOD) of December 08, 2025. Here is how to check your allotment status for the IPO of Vidya Wires Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd). 

Checking The Allotment Status of IPO on BSE Website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select Vidya Wires Ltd   from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip OR 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Vidya Wires Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select VIDYAWIRES from the dropdown box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip AND 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Vidya Wires Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO on MUFG Intime India Private Limited

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below: 

https://in.mpms.mufg.com/Initial_Offer/public-issues.html 

There are 4 options available to you to access the allotment status, and you can use any of these options to query.   

1. You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
2. The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
3. You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
4. You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book. 

Finally, click on the SUBMIT button.  

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to [email protected] or you can call on (0)-81081-14949 for voice call.