Updated on 14.04.2026 @ 5:57 PM
Vidya Wires Limited is set to launch its mainboard Initial Public Offering (IPO) on December 3, 2025.
It is a prominent manufacturer of winding and conductivity products like enameled wires and copper conductors. To explore other market opportunities, you can check our upcoming and live IPOs.
The company aims to raise up to ₹300.01 crores through an issue comprising a significant fresh issue of shares and a small Offer for Sale (OFS) by its promoters.
The price band has been fixed at ₹48 to ₹52 per share, with a lot size of 288 shares. For long-term wealth planning, you can also use our SIP calculator.
Vidya Wires has demonstrated robust financial growth and high operational efficiency, but investors should be mindful of its current debt levels and negative cash flows.
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In this article, you will find Vidya Wires IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Briefs of Vidya Wires IPO Details
- Price Band: ₹48 to ₹52 per share
- IPO Open / Close Dates: December 3, 2025 – December 5, 2025
- Lot Size: 288 Shares
- Issue Size: ₹300.01 Crores (Fresh Issue of ₹274.00 Cr + OFS of ₹26.01 Cr)
- Fresh Issue / OFS: Both
- Registrar: MUFG Intime India Pvt.Ltd.
- Listing Exchange: BSE & NSE
For details on how to check allotment status, visit our detaild guide on MUFG Intime allotment status guide.
What is Vidya Wires IPO GMP Today?
Check the latest GMP at our GMP hub page which is updated regularly.
(The Grey Market Premium (GMP) is an unofficial indicator that reflects investor demands of the issue).
Listing Updates:
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 52 | 52.13 | 0.3 |
What Are The Vidya Wires IPO Dates & Allotment Schedule?
- IPO Open & Close Date: December 3, 2025 – December 5, 2025
- Basis of Allotment Date: December 8, 2025
- Refund Initiation Date: December 9, 2025
- Credit of Shares: December 9, 2025
- Listing Date: December 10, 2025
What Are The Objectives of Vidya Wires IPO?
The company intends to utilise the net proceeds from the fresh issue for its expansion and deleveraging:
- Capital Expenditure (₹140.00 Crores): To set up a new project in its subsidiary, ALCU, expanding its manufacturing capacity.
- Repayment of Borrowings (₹100.00 Crores): A significant portion will be used to reduce outstanding debt, strengthening the balance sheet.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
- Note: The proceeds from the Offer for Sale (OFS) of ₹26.01 crores will go to the selling promoters and not the company.
How is The Financial Performance of Vidya Wires?
The following table summarizes the company's financial performance based on restated consolidated data.
(Amounts in ₹ Crores)
Particulars | Period Ended 30 Jun 2025 | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 413.09 | 1,491.45 | 1,188.49 | 1,015.72 |
Profit After Tax (PAT) | 12.06 | 40.87 | 25.69 | 21.50 |
EBITDA | 18.67 | 64.22 | 45.52 | 35.84 |
Net Worth | 178.37 | 166.36 | 125.54 | 100.11 |
Reserves and Surplus | 162.43 | 150.42 | 121.60 | 95.92 |
Total Borrowings | 162.75 | 145.63 | 109.71 | 97.11 |
Assets (Total Assets) | 376.93 | 331.33 | 247.84 | 209.08 |
SOURCE: RHP
Key Financial Observations:
Profit After Tax (PAT):
Vidya Wires has shown impressive profit growth, with PAT increasing from ₹21.50 Crores in FY23 to ₹40.87 Crores in FY25, driven by strong demand from the power and EV sectors.
Total Income:
Revenue has grown consistently at a CAGR of over 21% between FY23 and FY25, reaching nearly ₹1,500 Crores, reflecting the company's strong market position and increasing capacity utilization.
EBITDA:
The company reported an EBITDA of ₹64.22 Crores in FY25 with improving margins, indicating better operational efficiency as it scales up.
Total Borrowings:
The company had borrowings of ₹162.75 Crores as of June 2025. The IPO proceeds allocated for debt repayment will significantly deleverage the balance sheet and reduce interest costs.
Assets:
Total assets have grown to ₹376.93 Crores as of June 2025, driven by investments in capacity expansion to meet future demand.
What is P/E Ratio of Vidya Wires & And How is The Peer Comparison?
Based on the earnings per share (EPS) of ₹2.55, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 20.4x at the upper end of the price band (₹52). Learn more about P/E Vs IPO listing performance in our IPO research and data analysis page.
P/E Ratio = ₹52 (Price) / ₹2.55 (Earnings Per Share)
P/E Ratio ≈ 20.4x
This valuation appears exceptionally attractive when compared to its listed industry peers, trading at a significant discount to the industry average.
| Company Name | P/E Ratio | Revenue (FY25, ₹ Crores) | RoNW (%) | Debt/Equity (x) | Fixed Asset Turnover (x) |
Vidya Wires | ~20.4x | 1,486.39 | 24.57% | 0.88 | 36.24 |
| Precision Wires India | 53.45x | 4,014.83 | 15.63% | 0.11 | 18.41 |
| Ram Ratna Wires | 42.19x | 3,676.74 | 14.39% | 0.61 | 10.45 |
| Apar Industries | 44.36x | 18,581.21 | 18.24% | 0.10 | 12.98 |
Peer Average | 46.67x | -- | 16.08% | 0.27 | 13.94 |
Source: Vidya Wires IPO RHP
Analysis for Investors:
Vidya Wires is being offered at a valuation (20.4x P/E) that is less than half of its closest peers like Precision Wires and Ram Ratna Wires.
Vidya Wires outperforms all its listed peers in key efficiency metrics.
Its Return on Net Worth (RoNW) of 24.57% is significantly higher than the peer average, and its Fixed Asset Turnover ratio of 36.24x is double that of its closest competitor.
This indicates that Vidya Wires is generating far more revenue and profit for every rupee invested in assets and equity, making it a highly efficient player in the industry.
Industry Outlook
- Vidya Wires operates in a critical segment of the manufacturing sector, supplying winding wires to the power transmission, transformer, and automotive industries.
- The demand for these products is robust, driven by India's massive investments in power infrastructure, renewable energy projects, and the burgeoning electric vehicle (EV) market.
- As a top-5 manufacturer with a diverse product portfolio, Vidya Wires is well-positioned to capitalize on this multi-year capex cycle.
What Are The Strengths and Risks of Vidya Wires Limited IPO?
Strengths:
- Superior Operational Efficiency: Best-in-class asset turnover and return ratios compared to listed peers.
- Strong Growth Track Record: Consistent double-digit growth in revenue and profits over the last three years.
- Strategic Expansion: IPO funds will be used to further expand capacity, positioning the company for future growth.
- Diversified Customer Base: Serves critical sectors like power, auto, and renewables, reducing sector-specific risks.
Risks:
- High Debt Levels: The company currently has higher leverage compared to its peers, although the IPO proceeds will help reduce this.
- Negative Cash Flows: The company has reported negative cash flows in recent periods due to heavy investment in working capital and capex.
- Raw Material Volatility: The business is sensitive to fluctuations in copper and aluminium prices, which can impact margins.
- Supplier Concentration: High dependence on a few suppliers for raw materials.
What Are The Expert Recommendations – Should You Apply?
Subscribe for Long-Term
The Vidya Wires IPO looks like a solid bet on the Indian infrastructure and power story.
- For Value Investors: The company's superior efficiency metrics (RoNW, Asset Turnover) make it a high-quality business relative to its peers.
- For Growth Investors: The consistent growth and capacity expansion plans offer visibility for future earnings.
- Our View: Despite the debt and cash flow concerns, the company's operational excellence sets it apart. The IPO proceeds will directly address the leverage issue. We recommend "Subscribe for Long-Term" for investors looking for a quality manufacturing play.
Key Takeaways
- IPO Price Band: ₹48 to ₹52 per share
- Lot Size: 288 Shares (Minimum Investment: ₹14,976)
- Allotment & Listing Dates: Tentative listing on December 10, 2025.
- Recommendations of experts: A "Subscribe" recommendation. A highly efficient manufacturer with superior return ratios compared to peers, poised to benefit from the power and EV sector boom.
FAQs on Vidya Wires IPO
What is Vidya Wires IPO price band?
The price band for the IPO is set at ₹48 to ₹52 per equity share.
What is Vidya Wires IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Monday, December 8, 2025.
How to check Vidya Wires IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized. You can also visit our IPO allotment hub page to find out how to check whether you have been alloted shares or not.
What is Vidya Wires IPO listing date?
The company's shares are tentatively scheduled to be listed on the BSE and NSE on Wednesday, December 10, 2025.
Should I apply for Vidya Wires IPO?
Yes, this is a recommended IPO for long-term investors. The company demonstrates superior operational efficiency compared to its peers and is well-positioned in high-growth sectors like power and EVs. The debt reduction post-IPO will further strengthen its financials.
Disclaimer:
This article is for informational purposes only and is not investment advice. IPO investments are subject to market risks. Please consult your financial advisor before making any investment decisions.
