Vidya Wires Limited is a leading manufacturer of winding and conductivity products used across critical electrical and industrial applications. The company has been operating for over 40 years, headquartered in Anand, Gujarat.
The company’s products are used in key sectors such as power generation, electrical systems, motors, EVs, railways, and renewable energy (solar & wind).
Vidya Wires manufactures a broad portfolio of precision-engineered copper and aluminium products, including:
- Enameled copper winding wires
- Enameled copper rectangular strips
- Fibre-glass covered copper/aluminium conductors
- Paper-insulated copper & aluminium conductors (round & rectangular)
- Twin/triple bunched PICC strips
- Cotton-covered ropes
- Copper busbars
- PV ribbon & PV busbar
- Aluminium paper-covered strips
Manufacturing capacity is 19,680 MTPA, set to increase to 37,680 MTPA with a new 18,000 MTPA unit in Narsanda. The company makes 8,000+ SKUs (0.07–25 mm) and plans to add copper foils, solar cables, and aluminium winding wires.
The company employs 139 permanent staff and over 394 contract workers across production, quality, engineering, R&D, and operations.
Vidya Wires IPO – Details
| IPO Opening Date | 03 December 2025 |
| IPO Closing Date | 05 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 5,76,93,307 Shares Worth ₹300.01 Crore Fresh Issue: 5,26,92,307 Shares Worth ₹274.00 Crore Offer For Sale: 50,01,000 Shares Worth ₹26.01 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹48 – ₹52 per share |
| Market Lot | 288 Shares |
| Min Order | 288 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vidya Wires IPO – Date Schedule
| IPO Open Date | 03 December 2025 |
| IPO Close Date | 05 December 2025 |
| Basis of Allotment | 08 December 2025 |
| Initiation of Refund | 09 December 2025 |
| Credit of Shares to Demat Account | 09 December 2025 |
| IPO Listing Date | 10 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 05, 2025 |
Vidya Wires IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 288 | ₹14,976 |
| Retail (Max) | 13 | 3,744 | ₹1,94,688 |
| S-HNI (Min) | 14 | 4,032 | ₹2,09,664 |
| S-HNI (Max) | 66 | 19,008 | ₹9,88,416 |
| B-HNI (Min) | 67 | 19,296 | ₹10,03,392 |
Competitive Strength
- 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.
- Their presence in strategically located region.
- Diversified customer base having longstanding relationships with customers and suppliers.
- Continuous financial performance.
- Experienced professional management team.
Company Promoters
- Shyamsundar Rathi
- Shailesh Rathi
- Shilpa Rathi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,015.72 Cr | ₹986.67 Cr | ₹21.53 Cr | ₹97.11 Cr |
| 31 March 2024 | ₹1,188.49 Cr | ₹1,154.17 Cr | ₹25.68 Cr | ₹109.71 Cr |
| 31 March 2025 | ₹1,491.45 Cr | ₹1,436.35 Cr | ₹40.87 Cr | ₹145.63 Cr |
| 30 June 2025 | ₹413.09 Cr | ₹397.15 Cr | ₹12.06 Cr | ₹162.75 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.57% |
| ROCE | 19.72% |
| Debt/Equity | 0.88 |
| RoNW | 24.57% |
| PAT Margin | 2.74% |
| EBITDA Margin | 4.32% |
| Price to Book Value | 6.62 |
| Market Capitalization | ₹1,106.00 Cr. |
| Pre IPO | Post IPO | |
| EPS (₹) | 2.55 | 2.27 |
| P/E (x) | 20.36 | 22.94 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding capital expenditure requirements for setting up new projects, the subsidiary, viz. ALCU. | ₹140.00 |
| Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company. | ₹100.00 |
| General corporate purposes. |
Vidya Wires IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Precision Wires India Limited | 53.45 |
| 2 | 5 | Ram Ratna Wires Limited | 42.19 |
| 3 | 10 | Apar Industries Limited | 44.36 |
✅Strengths
- 4th largest player with 5.7% market share.
- Wide product range with 8,000+ SKUs.
- Capacity rising to 37,680 MTPA (will become 3rd largest).
- Broad customer base; no customer >9% revenue.
- Strong export presence in 18+ countries; UL approved.
- Experienced promoters with decades of industry expertise.
- ISO-certified facilities and 25% renewable power usage.
⚠️Risks
- No long-term contracts; order cancellations can impact revenue.
- High competition causing pricing pressure.
- Copper & aluminium price fluctuations may affect margins.
- Forex risk due to exports.
- Promoters’ unsecured loans can be recalled anytime.
- Need continuous tech/product upgrades to stay competitive.
- Export operations exposed to global risks.
Vidya Wires IPO Promoter Holding
| Pre Issue Share Holding | 99.91% |
| Post Issue Share Holding | – |
Vidya Wires IPO Prospectus
Company Contact Information
| Vidya Wires Ltd. Plot No 8/1-2. GIDC, Opposite SLS Industries, Vithal Udyognagar, Anand, Gujarat, 388121 Phone: +91 74340 38300 Email: cs@vidyawire.com Website: http://www.vidyawire.com/ |
Vidya Wires IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: vidyawires.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Vidya Wires IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Private Limited 2. IDBI Capital Markets & Securities Limited |
Vidya Wires IPO FAQs
| What is the Vidya Wires IPO? Vidya Wires IPO is a main-board IPO. The issue is priced at ₹48 to ₹52 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Vidya Wires IPO open? The IPO is to open on 03 December 2025 for QIB, NII, and Retail Investors. |
| What is Vidya Wires IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is Vidya Wires IPO Size? Vidya Wires IPO size is ₹300.01 Crore. |
| What is the Vidya Wires IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 288 Shares with ₹14,976, while the maximum bid is 3,744 Shares with ₹1,94,688. |
| What is the Vidya Wires IPO Allotment Date? Vidya Wires IPO allotment date is 08 December 2025. |
| What is the Vidya Wires IPO Listing Date? Vidya Wires IPO listing date is 10 December 2025. The IPO is to be listed on the BSE and NSE. |
