VIDYA WIRES IPO

VIDYA WIRES IPO

IPO at a Glance

Important Dates for Investors

• Opening Date: 03 Dec 2025
• Closing Date: 05 Dec 2025
• UPI Payment Deadline: 05 Dec 2025 (5 PM)
• Allotment Announcement: 08 Dec 2025
• Refund Processing: 09 Dec 2025
• Demat Credit: 09 Dec 2025
• Stock Market Listing: 10 Dec 2025
• Mandate Validity End: 20 Dec 2025
• Anchor Investor Lock-in Release (50%): 07 Jan 2026
• Anchor Investor Lock-in Release (Remaining): 08 Mar 2026

*Dates may be revised as per official updates.

About the Issuer: Vidya Wires

Founded in 1981, Vidya Wires Limited stands as a prominent manufacturer in the winding and conductivity products sector. The company specializes in critical components essential for various industries including energy, electrical systems, electric mobility, railways, and clean energy applications. With a robust and diversified product portfolio, Vidya Wires offers enameled wires, copper and aluminium conductors, busbars, PV ribbon, and various specialized winding wires.

The company has established a strong market presence over decades, serving a wide array of over 450 customers without significant dependence on any single buyer. As of FY25, Vidya Wires holds a substantial 5.7% market share in installed capacity, positioning it as the 4th largest player in its industry. Its operational excellence is underscored by ISO-certified facilities and UL approval, which facilitates exports to the USA, broadening its global reach. Strategically located facilities in Anand, Gujarat, provide logistical advantages for both raw material imports and product exports.

Demonstrating its commitment to growth and efficiency, the company operates at a high capacity utilization rate of 94.51%. Vidya Wires has ambitious plans for further expansion, aiming to nearly double its total installed capacity from 19,680 MTPA to 37,680 MTPA through a new unit under its subsidiary, ALCU Industries. Furthermore, the company is actively diversifying into new copper and aluminium product categories, reinforcing its product offerings. In line with modern sustainability goals, Vidya Wires also sources approximately 25% of its power from renewable energy, showcasing its commitment to environmentally responsible practices. With a comprehensive product mix, adherence to international certifications, and a de-risked customer base, Vidya Wires is well-positioned for sustained growth in both domestic and international markets.

IPO Issue Structure and Funding Goals

The IPO comprises a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders. The fresh issue component, amounting to INR 274 Crores, will directly infuse capital into the company, earmarked for critical growth initiatives and debt reduction. The offer for sale component, totaling INR 26.01 Crores, represents shares sold by existing investors, with proceeds from this portion going to those selling shareholders rather than into the company’s coffers. This blend allows the company to raise capital for future expansion while also providing an exit opportunity for early investors.

Strategic Utilisation of Fresh Capital

The capital raised through the fresh issue component of the IPO is strategically allocated to fuel Vidya Wires’ expansion and strengthen its financial position. The primary objectives for the deployment of these funds are detailed below:

A significant portion of the fresh capital, over half, is dedicated to capital expenditure for establishing a new project within its subsidiary, ALCU Industries. This expansion is crucial for increasing manufacturing capacity and enhancing the company’s product offerings. Additionally, a substantial amount is allocated towards repaying or prepaying outstanding borrowings, which will help reduce the company’s debt burden and improve its financial leverage. The remaining funds are designated for general corporate purposes, providing the company with operational flexibility to address various strategic needs and unforeseen contingencies.

Core Business Advantages

• Extensive Product Portfolio: Vidya Wires boasts a diverse range of copper wires and conductors tailored for a multitude of industrial applications. This breadth of products allows the company to cater to various market segments, reducing reliance on a single product line and enhancing its resilience to market fluctuations.
• Long-Standing Industry Footprint: With decades of operational experience since its establishment in 1981, Vidya Wires has cultivated strong, enduring relationships with its customer base. This long-standing presence signifies stability, reliability, and a deep understanding of market needs and industry dynamics.
• Robust In-House Manufacturing Capabilities: The company’s in-house manufacturing facilities provide comprehensive control over product quality, customization processes, and production timelines. This capability ensures consistent product excellence, efficient order fulfillment, and the ability to adapt to specific customer requirements.
• Diversified Client Base: Vidya Wires serves a broad spectrum of clients across critical sectors such as power generation and transmission, electrical systems, automotive components, and various engineering industries. This diversification mitigates customer concentration risk and provides stable demand across different economic cycles.
• Experienced Leadership and Technical Acumen: The company benefits from a team of experienced promoters who bring profound technical knowledge and extensive business expertise to the table. This strong leadership is instrumental in driving innovation, strategic decision-making, and sustainable growth.

Key Investment Considerations

• Raw Material Price Volatility: Vidya Wires’ operations are highly dependent on copper, and to a lesser extent, aluminium prices. Fluctuations in global commodity markets for these raw materials can significantly impact the company’s cost of production, potentially affecting profit margins if not effectively managed through hedging or pricing strategies.
• Working Capital Intensity: The manufacturing of wires and conductors, coupled with managing inventory and receivables, typically requires substantial working capital. The working capital-intensive nature of the company’s operations could put pressure on its liquidity and cash flow management, necessitating careful financial planning.
• Customer Concentration Risk: While the company serves over 450 customers, there might still be a concentration of revenue from a limited number of large clients. A significant reduction in orders from any of these key customers could adversely impact the company’s revenue and profitability.
• Intense Competition: The wire and conductor manufacturing industry is competitive, with numerous domestic and global players. Vidya Wires faces competition from established players as well as new entrants, which could lead to pricing pressures and challenges in maintaining or expanding market share.
• Regulatory and Certification Requirements: The industry is subject to stringent quality standards and requires various certifications for products, especially for exports (e.g., UL approval). Any failure to meet these evolving standards or maintain certifications could disrupt operations, hinder market access, and incur significant compliance costs.

Investor Interest: Live Subscription Status

Subscription statistics based on the latest available information as of 5:00 PM on December 04, 2025:

*GMP figures are unofficial and may vary; exchange data is more reliable.

How to Apply

Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes.