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HomeIPOVidya Wires

About Vidya Wires

Incorporated in 1981, Vidya Wires Limited is engaged in manufacturing copper and aluminum wires.The company produces a wide range of winding and conductivity products, such as precision-engineered wires, copper strips, conductors, busbars, specialized wires for windings, PV ribbons, and aluminum paper-covered strips.The products of the company find critical applications in energy generation, electrical systems, electric mobility, railways, and clean energy, offering conductivity, durability, and thermal efficiency for high-performance, reliable operations.The company has expanded its manufacturing capacity to 19,680 MT per annum and intends to expand it to 37,680 MT per annum by adding an extra 18,000 MTPA units in Narsanda, Gujarat.The company is a pre-approved supplier to Power Grid Corporation of India and UL-approved for exporting enameled copper/aluminum wire to the USA. Its operations in Anand, Gujarat, benefit from nearby ports for logistics.The company produces over 6,400 SKUs of winding and conductivity products, ranging from 0.07 mm up to 25 mm, with plans to add new products such as copper foils, solar cables, and aluminum winding wires. The company has 133 permanent employees as of December 31, 2024, besides more than 385 contract labourers.

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National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

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SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
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Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Vidya Wires

Vidya Wires

Open Date

03 Dec 2025

Close Date

05 Dec 2025

listed

Min Investment

₹14976

Lot Size

288 Shares

Issue Size

₹300.01 Cr

Price Range

₹48 - ₹52

Listing Date

Dec 10, 2025

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RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹3.5(+5.77%)GMP
6.73%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Vidya Wires IPO - Issue Objectives

The company will deploy ₹140 crore as capex for a new project in ALCU. The company will use ₹100 crore to repay certain outstanding borrowings. Part of the IPO proceeds will be used for general corporate purposes.

Capital expenditure

51.09%

Repayment of borrowings

36.5%

General corporate purposes

12.41%

1

Capital expenditure

The company will deploy ₹140 crore as capex for a new project in ALCU.

51.09%
2

Repayment of borrowings

The company will use ₹100 crore to repay certain outstanding borrowings.

36.50%
3

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes.

12.41%

IPO Subscription Status

QIB
5.45x
NII
55.94x
Individual
29.98x
Total
28.53x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Vidya Wires

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue413.091491.451188.491015.72
EBITDA18.6764.2245.5235.84
Expenses
Profit After Tax12.0640.8725.6821.53
Assets376.93331.33247.84209.08
Net Worth178.37166.36125.54100.11
Reserves162.37150.36121.5495.86
Borrowing162.75145.63109.7197.11

Vidya Wires - Promoter(s)

Shyamsundar Rathi

Shailesh Rathi

Shilpa Rathi

Pre Issue Share Holding

99.91%

Post Issue Share Holding

72.80%

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Among the top five players with strong market visibility

Vidya Wires is the 4th largest manufacturer in the Indian winding and conductivity products industry with an installed capacity of 19,680 MT per annum. Its 5.7% installed capacity market share in FY25 is expected to increase to ~11% post the proposed expansion, enabling a shift to the 3rd largest in the industry. Volume growth remains robust, with production increasing by 29.23% over the last 3 years, with utilisation improving from 70.31% in FY23 to 94.51% as of June 2025.

02

Diversified product offering

The company manufactures 8,000+ SKUs catering to key sectors including power & transmission, automotive, EVs, renewables, consumer appliances and industrial electronics. It sold to 318+ customers across 18+ countries and 5 continents in 3M FY26, with no single customer contributing over 9% revenue, significantly de-risking concentration.

03

Backward integration and sustainability

About 35–40% of copper rod requirements are manufactured in-house, ensuring supply security and quality compliance with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications. Renewable energy sourcing is improving sustainability, with 22–27% of power sourced from captive solar and wind assets. It also owns a 2000 KW windmill in the district of Rajkot to source renewable power at cheaper rates for its operations.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

High sectoral concentration risk

Revenue from power & transmission, electrical and general engineering sectors formed 81.09% as of June 2025, 87.13% in FY25, 87.33% in FY24 and 89.54% in FY23. Any slowdown in these industries could immediately weaken order inflows and capacity utilisation.

02

Significant exposure to copper price volatility

Copper constituted 92.09% of total raw material as of June 2025, 93.87% in FY25 and 96.51% in FY24. Further, it sources materials from other countries such as Japan (62.37%), the UAE (36.35%) and others. Any significant increases or fluctuations in prices, shortages, or delays or disruptions in the supply of our primary raw materials could affect the business.

Contact Details

Vidya Wires

Plot No 8/1-2, GIDC, Opposite SLS Industries, Vithal Udyognagar, Anand, Gujarat, 388121

+917434038300
cs@vidyawire.com
http://www.vidyawire.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd

+91-22-4918 6270
vidyawires.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Vidya Wires IPO - FAQs

Vidya Wires IPO is a Mainboard IPO. The issue is priced at ₹48-52 per equity share. The minimum order quantity is 288 Shares. The IPO opens on 3 Dec, and closes on 5 Dec. MUFG Intime India Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.









IPO Timeline

  • Pre Apply2025-12-02
  • Bidding Starts2025-12-03
  • Bidding Ends2025-12-05
  • Allotment Finalisation2025-12-08
  • Release of Funds2025-12-09
  • Demat Transfer2025-12-09
  • Listing2025-12-10
04

Long-standing customer relationships

Vidya Wires works with marquee names like Adani Wilmar, Schneider Electric, Suzlon, TMEIC and others, supported by high repeat business contributing 80.55% as of June 2025 and 94.28% in FY25. Global presence is expanding with 11.20% as of June 2025, 13.57% in FY25 and 13.64% in FY25. Strong supplier partnerships with Vedanta, Hindalco, Union Copper Rod, etc. help ensure raw material reliability.

05

Strategic location of manufacturing facility

The company’s operating facilities are located in Anand, Gujarat, giving it the advantage of access to various seaports in Gujarat for the import and export of material, mainly Hazira and Mundra. It benefits from a strong footprint in Western India, with 68.66% of revenues from Gujarat and Maharashtra as of June 2025. Both states are major hubs for power, engineering and metals manufacturing, with Gujarat being the 2nd largest bauxite producer in India (~8.8% share), supporting aluminium-based product demand.

03

Revenue concentration in copper products

Copper-based product revenue stood at 96.29% in FY23, 94.73% in FY24, 93.18% in FY25 and 93.27% as of June 2025, showing limited product diversification. Any adverse changes in the conditions affecting such products’ market or any slowdown in demand can adversely impact the business, financial condition and its operations.

04

Concentration of suppliers

Top 5 suppliers accounted for 82.21% of purchases in FY23, 89.27% in FY24, 86.26% in FY25, and 89.82% as of June 2025 and the largest supplier alone contributed 42.32%, 38.66%, 37.45% and 34.75% in these respective periods. Any supply disruption at Vedanta or Marubeni( the company’s top 2 suppliers) could significantly affect production continuity.