Vidya Wires IPO Snapshot

Vidya Wires is a four‑decade‑old manufacturer of copper and aluminium winding and conductivity products used across power, clean energy, EVs, railways and industrial electricals. Its main‑board IPO offers investors a way to participate in India’s long‑term electrification and infrastructure cycle.

Key IPO terms:

• Issue size: ₹300.01 crore
  • Fresh issue: ₹274 crore
  • OFS: ₹26.01 crore
• Issue type: Book‑built, main‑board
• Price band: ₹48–₹52 per share (face value ₹1)
• IPO dates: 3–5 December 2025
• Tentative allotment: 8 December 2025
• Tentative listing (BSE & NSE): 10 December 2025
• Lot size: 288 shares
• Minimum retail investment: 1 lot = 288 shares ≈ ₹14,976 at upper band
• Investor quota: QIB 50%, NII 15%, Retail 35%.

Business & Financial Overview

Vidya Wires makes enamelled and bare copper/aluminium wires, strips and conductors that go into:

• Motors, transformers and generators
• Power transmission & distribution equipment
• Renewable energy, EV components, railways and other electrical systems.

This is a B2B, order‑driven business, with sales to OEMs and component manufacturers.

Financial highlights (₹ crore):

Vidya Wires Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	376.93	331.33	247.84	209.08
Total Income	413.09	1,491.45	1,188.49	1,015.72
Profit After Tax	12.06	40.87	25.68	21.53
EBITDA	18.67	64.22	45.52	35.84
NET Worth	178.37	166.36	125.54	100.11
Reserves and Surplus	162.37	150.36	121.54	95.86
Total Borrowing	162.75	145.63	109.71	97.11

IPO Lot Size :-

Investors can bid for a minimum of 288 shares and in multiples thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

IPO Reservation :-

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35% of the Net Offer
NII Shares Offered	Not less than 15% of the Net Offer

Objective of the IPO :-

As per RHP and broker summaries, net proceeds from the fresh issue of ₹274 crore will go towards:

1. Capex for new project in subsidiary ALCU: ₹140 crore to expand capacity and product range in copper/aluminium conductors.
2. Repayment / prepayment of borrowings: around ₹100 crore to lower leverage and interest costs.
3. General corporate purposes: balance for working capital, operations and contingencies.

Strengths of Vidya Wires

• Long operating track record: Over 40 years in the wires and conductors industry, with established relationships across power, industrial and mobility segments.
• Demand tailwinds: Products are core to energy transition – grid expansion, renewables, EV motors, chargers and railways all drive structural copper/aluminium demand.
• Backward integration & scale benefits: Control over key processes and raw‑material handling supports quality, cost competitiveness and timely delivery.
• Diversified customer base: Serves multiple industries and clients, reducing dependence on any single customer or application.
• Improving profitability & debt reduction plan: PAT has grown faster than revenue, and a significant portion of IPO proceeds is earmarked for de‑leveraging, which should aid net margins going forward..

Key Risks to Keep in Mind

• Thin net margins: PAT margin of ~2.7% leaves limited buffer to absorb shocks from raw‑material swings or pricing pressure.
• Commodity price volatility: Copper and aluminium prices directly affect input costs; while some pass‑through exists, short‑term margin pressure is always a risk.
• Working‑capital intensity: High inventory and receivables lock up capital; negative operating cash flows have been reported in some recent periods.
• Competitive industry: Wires & conductors is a fragmented market with both organised and unorganised players, keeping pricing power in check.
• Execution risk in expansion: The new ALCU project involves large capex; delays, cost overruns or slower‑than‑expected ramp‑up could affect returns and leverage metrics..

How To Apply for the IPO?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs – Vidya Wires IPO

Q1. What are Vidya Wires IPO dates and listing schedule?
A: The IPO opens on 3 December 2025 and closes on 5 December 2025. Shares are expected to list on BSE and NSE on 10 December 2025.

Q2. What is the price band and lot size?
A: Price band is ₹48–₹52 per share. One lot is 288 shares, so the minimum retail investment at the upper band is about ₹14,976.

Q3. How big is the issue and how is it structured?
A: Total size is ₹300.01 crore, including a ₹274 crore fresh issue and a ₹26.01 crore OFS by promoter‑group shareholders.

Q4. How will the company use the IPO money?
A: Mainly to fund capex in subsidiary ALCU (₹140 crore), repay or prepay borrowings (about ₹100 crore), and for general corporate purposes.

Q5. Who is the registrar and who are the book‑running lead managers?
A: MUFG Intime India is the registrar; Pantomath Capital Advisors and IDBI Capital Markets & Securities are BRLMs.

Q6. Is Vidya Wires suitable for conservative investors?
A: It offers exposure to a structural theme (electrification & EVs) with reasonable valuation and strong ROE, but thin margins, commodity dependence and working‑capital needs mean investors should have moderate risk tolerance and a medium‑term horizon.