| Event | Date |
|---|---|
| Open Date | 03-12-2025 , Wednesday |
| Close Date | 05-12-2025 , Friday |
| Tentative Allotment | 08-12-2025 , Monday |
| Tentative Listing Date | 10-12-2025 , Wednesday |
| Retail Appl. Cut Off Time | 05-12-2025 , Friday 05:00 PM |
| Non Retail Appl. Cut Off Time | 05-12-2025 , Friday 04:00 PM |
| Anchor Allotment | 02-12-2025 , Tuesday |
| Initiation Of Refund | 09-12-2025 , Tuesday |
| Credit Of Share To Demat | 09-12-2025 , Tuesday |
Vidya Wires Limited is a B2B manufacturer of winding wires and conductivity products used in power transmission, electrical equipment, general engineering, renewable energy, EV / automotive and consumer durable applications.
The company manufactures winding wires, conductors, busbars, copper and aluminium strips, aluminium paper-covered strips, PV ribbons and customised conductivity products. These products are mainly used by industrial customers, transformer manufacturers, electrical equipment companies and renewable energy-related businesses.
Vidya Wires is not a consumer-facing house-wire brand. It is more of a B2B industrial wire and conductivity products manufacturer.
For retail investors, this IPO should be studied as a metal-linked B2B manufacturing, electrical equipment supply chain, power infrastructure and working capital management story.
IPORupee View: The company’s performance depends on copper and aluminium prices, customer demand from power and electrical sectors, capacity utilisation, supplier terms, receivable cycle, debt and ability to maintain margins in a commodity-linked business.
| Business Area | Meaning |
|---|---|
| Winding wires | Insulated copper / aluminium wires used in motors, transformers, generators and electrical equipment |
| Conductors | Products used to conduct electricity in electrical systems |
| Busbars | Conductive bars used in electrical panels, switchgear and power distribution |
| Copper and aluminium strips | Conductivity products used in electrical and industrial applications |
| Aluminium paper-covered strips | Special insulated strips used in transformers and related equipment |
| PV ribbons | Conductive ribbons used in solar photovoltaic modules |
| Custom conductivity products | Customer-specific solutions based on conductivity and application requirements |
IPORupee View: The company operates in a B2B manufacturing space where product quality, conductivity, insulation quality, timely delivery and customer relationships are important. Revenue can grow strongly when demand is high, but margins may remain moderate because copper and aluminium form a large part of the product cost.
Vidya Wires manufactures over 8,000 SKUs of winding and conductivity products, with sizes ranging from 0.07 mm to 25 mm.
| Particulars | Q1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Number of SKUs manufactured | 8,512 | 6,780 | 5,202 | 4,680 |
IPORupee View: This is a strong point. The company is not manufacturing only a few standard wire products. It has a wide SKU base, which shows product variety and customer-specific manufacturing ability.
The SKU count increased from 4,680 in FY2023 to 8,512 in Q1 FY2026, showing a major expansion in product depth.
| Product | End-use / Application |
|---|---|
| Copper winding wires | Motors, transformers, generators and electrical equipment |
| Aluminium winding wires | Cost-efficient winding applications |
| Conductors | Electrical transmission and distribution applications |
| Busbars | Switchgear, panels, power systems and industrial equipment |
| Copper / aluminium strips | Transformers, electrical equipment and industrial uses |
| Aluminium paper-covered strips | Transformer and electrical insulation applications |
| PV ribbons | Solar photovoltaic module manufacturing |
| Custom products | Application-specific electrical conductivity solutions |
Through the proposed project, Vidya Wires intends to add new products to its current portfolio.
| Proposed Product | Why It Matters |
|---|---|
| Copper Foils | Used in electrical and industrial applications |
| Copper Components | Supports customised conductivity solutions |
| Continuously Transposed Copper Conductors | Important for large transformers and high-performance electrical applications |
| PV Round Ribbon | Solar photovoltaic applications |
| Solar Cables | Renewable energy and solar power sector |
| Multi Paper Covered Copper Conductors | Transformer and electrical insulation applications |
| Enameled Aluminium Winding Wires | Cost-efficient winding applications |
| Enameled Aluminium Rectangular Strips | Industrial and electrical equipment applications |
IPORupee View: This proposed product expansion is important because it can move the company toward higher-value and more specialised products. Products like PV Round Ribbon, Solar Cables and Copper Foils can connect Vidya Wires with renewable energy and electrical infrastructure growth.
However, new product launches also carry execution risk, customer approval risk, pricing risk and capacity utilisation risk.
Vidya Wires earns revenue from multiple industries such as power and transmission, general engineering, electrical, renewables / EV / automotive, consumer durable and other operating revenue.
| Industry | Q1 FY2026 Amount | % of Revenue | FY2025 Amount | % of Revenue | FY2024 Amount | % of Revenue | FY2023 Amount | % of Revenue |
|---|---|---|---|---|---|---|---|---|
| Power & Transmission | Rs. 2,010.66 mn | 48.83% | Rs. 7,143.27 mn | 48.06% | Rs. 5,105.14 mn | 43.04% | Rs. 4,690.29 mn | 46.37% |
| General Engineering | Rs. 406.17 mn | 9.86% | Rs. 1,516.25 mn | 10.20% | Rs. 2,136.78 mn | 18.02% | Rs. 1,889.04 mn | 18.68% |
| Electrical | Rs. 922.17 mn | 22.40% | Rs. 4,292.09 mn | 28.88% | Rs. 3,115.27 mn | 26.27% | Rs. 2,477.14 mn | 24.49% |
| Renewables, EV and Automotive | Rs. 438.94 mn | 10.66% | Rs. 1,413.73 mn | 9.51% | Rs. 914.99 mn | 7.71% | Rs. 719.08 mn | 7.11% |
| Consumer Durable | Rs. 319.09 mn | 7.75% | Rs. 433.73 mn | 2.92% | Rs. 536.90 mn | 4.53% | Rs. 309.80 mn | 3.06% |
| Sub-total | Rs. 4,097.03 mn | 99.50% | Rs. 14,799.07 mn | 99.56% | Rs. 11,809.09 mn | 99.56% | Rs. 10,085.35 mn | 99.71% |
| Other Operating Revenue | Rs. 20.55 mn | 0.50% | Rs. 64.84 mn | 0.44% | Rs. 51.64 mn | 0.44% | Rs. 29.00 mn | 0.29% |
| Total | Rs. 4,117.58 mn | 100.00% | Rs. 14,863.91 mn | 100.00% | Rs. 11,860.73 mn | 100.00% | Rs. 10,114.35 mn | 100.00% |
IPORupee View: The largest revenue contributor is Power & Transmission, contributing 48.06% in FY2025 and 48.83% in Q1 FY2026. This shows that the company is strongly linked to India’s power infrastructure and transformer supply chain.
Electrical is also a major segment, contributing 28.88% of FY2025 revenue. Renewables, EV and Automotive contributed 9.51% in FY2025 and 10.66% in Q1 FY2026, which is a positive future growth area.
Vidya Wires has a high level of repeat customers, which helps reduce revenue risk.
| Particulars | Q1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| No. of repeat customers | 206 | 341 | 317 | 280 |
| Total no. of customers | 318 | 458 | 476 | 453 |
| Particulars | Q1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue from repeat customers | Rs. 3,316.56 mn | Rs. 14,013.04 mn | Rs. 10,543.74 mn | Rs. 8,390.89 mn |
| Revenue from repeat customers as % of total revenue from operations | 80.55% | 94.28% | 88.90% | 82.96% |
IPORupee View: This is a very strong business-quality point. In FY2025, repeat customers contributed 94.28% of total revenue from operations. This means the company has long-standing customer relationships and recurring industrial demand.
However, high repeat customer revenue also means investors should check whether revenue is concentrated among a few large customers.
Vidya Wires follows a B2B manufacturing model. It purchases raw materials such as copper and aluminium, processes them into winding wires and conductivity products, and sells them to industrial customers.
| Business Model Factor | Meaning |
|---|---|
| Raw material procurement | Copper and aluminium are key inputs |
| Manufacturing | Conversion of metal into winding wires, strips, conductors and related products |
| Quality control | Important for insulation, conductivity and electrical performance |
| Customer approval | Industrial customers require consistency and reliability |
| Working capital | Inventory and receivables are important due to metal price and B2B credit cycle |
| Volume and margin balance | Revenue may grow with metal prices, but margin depends on spread and efficiency |
| Particulars | Metrics | Q1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|---|
| Revenue from Operations | Rs. million | 4,117.58 | 14,863.91 | 11,860.73 | 10,114.35 |
| EBITDA | Rs. million | 186.66 | 642.18 | 455.15 | 358.37 |
| EBITDA Margin | % | 4.53% | 4.32% | 3.84% | 3.54% |
| PAT | Rs. million | 120.55 | 408.72 | 256.93 | 215.04 |
| PAT Margin | % | 2.92% | 2.74% | 2.16% | 2.12% |
| ROE | % | 6.76% | 24.57% | 20.47% | 21.48% |
| ROCE | % | 5.24% | 19.72% | 18.25% | 16.87% |
| Net Worth | Rs. million | 1,783.72 | 1,663.63 | 1,255.38 | 1,001.10 |
| Revenue CAGR FY2023 to FY2025 | % | - | 21.23% | - | - |
| EBITDA CAGR FY2023 to FY2025 | % | - | 33.86% | - | - |
| PAT CAGR FY2023 to FY2025 | % | - | 37.86% | - | - |
| Debt to Equity Ratio | Times | 0.91 | 0.88 | 0.87 | 0.97 |
| Fixed Assets Turnover Ratio | Times | 9.49 | 36.24 | 29.92 | 26.70 |
| Inventory Turnover Ratio | Times | 4.14 | 17.47 | 16.77 | 16.23 |
| Trade Receivable Days | Days | 32 | 36 | 27 | 31 |
| Inventory Days | Days | 22 | 21 | 22 | 22 |
| Trade Payable Days | Days | 5 | 2 | 2 | 2 |
| Number of Manufacturing Facilities | Number | 2 | 2 | 2 | 2 |
| Production Capacity | MT | 19,680 | 19,680 | 19,380 | 19,380 |
IPORupee Financial Insight: Vidya Wires has shown consistent growth. Revenue CAGR from FY2023 to FY2025 was 21.23%, EBITDA CAGR was 33.86%, and PAT CAGR was 37.86%.
EBITDA margin improved from 3.54% in FY2023 to 4.32% in FY2025 and 4.53% in Q1 FY2026. PAT margin improved from 2.12% in FY2023 to 2.74% in FY2025 and 2.92% in Q1 FY2026.
Still, margins remain low, which is normal for metal-linked B2B manufacturing businesses.
| Indicator | Q1 FY2026 | FY2025 | FY2024 | FY2023 | IPORupee Interpretation |
|---|---|---|---|---|---|
| Trade Receivable Days | 32 | 36 | 27 | 31 | Moderate receivable cycle |
| Inventory Days | 22 | 21 | 22 | 22 | Stable inventory management |
| Trade Payable Days | 5 | 2 | 2 | 2 | Low supplier credit |
| Inventory Turnover Ratio | 4.14 | 17.47 | 16.77 | 16.23 | Annual turnover strong; Q1 not comparable with full year |
| Debt to Equity Ratio | 0.91 | 0.88 | 0.87 | 0.97 | Debt is meaningful but stable |
Vidya Wires has stable inventory days of around 21–22 days, which is positive. Trade receivable days are around 27–36 days, which looks manageable for a B2B business.
However, trade payable days are very low at 2–5 days, meaning the company may not get long credit from suppliers. This can increase working capital requirement because the company may need to pay suppliers quickly while receiving money from customers later.
| Particulars | Q1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Number of Manufacturing Facilities | 2 | 2 | 2 | 2 |
| Production Capacity | 19,680 MT | 19,680 MT | 19,380 MT | 19,380 MT |
IPORupee View: The company operates two manufacturing facilities and has production capacity of 19,680 MT as of Q1 FY2026 / FY2025. Future growth will depend on product mix, capacity utilisation, proposed project execution and demand from power, electrical, renewable and industrial customers.
The top suppliers contribute a high percentage of purchases.
| Period | Top 5 Supplier Purchase Amount | % of Purchases |
|---|---|---|
| Q1 FY2026 | Rs. 3,575.71 mn | 89.82% |
| FY2025 | Rs. 11,933.49 mn | 86.26% |
| FY2024 | Rs. 10,021.93 mn | 89.27% |
| FY2023 | Rs. 7,800.54 mn | 82.21% |
| Supplier Name |
|---|
| Vedanta Limited |
| Marubeni Corporation |
| Union Copper Rod |
| Hindalco Industries Ltd. |
| Bharat Aluminium Company Ltd. |
| Ducab Metals LLC |
| Gujarat Victory Forgings Pvt Ltd. |
| Shree Impex Metalloys LLP |
Vidya Wires has high supplier concentration. Top 5 suppliers contributed 86.26% of purchases in FY2025 and 89.82% in Q1 FY2026.
This is understandable because copper and aluminium raw materials are sourced from large metal suppliers. But it creates supplier dependency risk. If supply is disrupted, pricing terms change, or credit terms become stricter, it can affect production and working capital.
| Particulars | Details |
|---|---|
| IPO Size | Around Rs. 300.01 crore |
| Fresh Issue | Around Rs. 274.00 crore |
| Offer for Sale | Around Rs. 26.01 crore |
| Price Band | Rs. 48 to Rs. 52 per share |
| Face Value | Rs. 1 per share |
| Lot Size | 288 shares |
| Minimum Retail Application at Upper Band | Around Rs. 14,976 |
| IPO Opening Date | December 3, 2025 |
| IPO Closing Date | December 5, 2025 |
| Listing | BSE and NSE |
| QIB Quota | 50% |
| NII Quota | 15% |
| Retail Quota | 35% |
IPORupee View: The IPO has a large fresh issue component compared with the OFS. This is positive because fresh issue proceeds go to the company, while OFS proceeds go to selling shareholders.
For a manufacturing company, fresh capital can be useful for expansion, working capital, debt reduction or general corporate purposes. Retail investors should check the exact use of proceeds in the RHP.
| Valuation Metric | Details |
|---|---|
| Market Capitalisation | Around Rs. 1,106 crore |
| Enterprise Value | Around Rs. 1,267.65 crore |
| P/E | Around 22.94 times |
| P/B | Around 2.31 times |
| EV/EBITDA | Around 15.91 times |
| NAV | Rs. 11.15 |
IPORupee View: The valuation should be compared with listed wire, cable and electrical component manufacturers. However, retail investors should remember that Vidya Wires is more B2B and metal-linked. It may not deserve the same valuation premium as high-brand consumer electrical companies unless it can show strong margins, higher value-added products, lower debt and strong cash conversion.
The company manufactures over 8,000 SKUs, with sizes ranging from 0.07 mm to 25 mm.
The company offers winding wires, conductors, busbars, strips, PV ribbons and customised conductivity products.
Power & Transmission and Electrical together form a major part of revenue.
Renewables, EV and Automotive contributed 9.51% of FY2025 revenue and 10.66% of Q1 FY2026 revenue.
Repeat customers contributed 94.28% of FY2025 revenue, showing sticky customer relationships.
Revenue CAGR was 21.23%, EBITDA CAGR was 33.86%, and PAT CAGR was 37.86% from FY2023 to FY2025.
EBITDA margin and PAT margin have gradually improved across reported periods.
The company has two manufacturing facilities and production capacity of 19,680 MT.
The IPO has a large fresh issue component compared with OFS.
Vidya Wires Limited is a B2B manufacturer of winding wires and conductivity products used in power transmission, electrical equipment, general engineering, renewable energy, EV / automotive and consumer durable applications.
The company manufactures over 8,000 SKUs with sizes ranging from 0.07 mm to 25 mm. SKU count increased from 4,680 in FY2023 to 8,512 in Q1 FY2026, showing strong product depth and customer-specific manufacturing capability.
Power & Transmission is the largest revenue contributor, accounting for 48.06% of FY2025 revenue and 48.83% of Q1 FY2026 revenue. Electrical is also a major segment, contributing 28.88% of FY2025 revenue.
The company has strong repeat customer revenue. Repeat customers contributed 94.28% of FY2025 revenue, showing sticky customer relationships and recurring industrial demand.
Financially, Vidya Wires has shown steady growth, with revenue CAGR of 21.23%, EBITDA CAGR of 33.86% and PAT CAGR of 37.86% from FY2023 to FY2025. EBITDA margin and PAT margin have improved, but remain moderate due to the metal-linked nature of the business.
It is not a consumer cable brand. It supplies industrial winding wires and conductivity products to power, electrical, engineering, renewable and automotive-related customers.
The company manufactures over 8,000 SKUs and expanded from 4,680 SKUs in FY2023 to 8,512 SKUs in Q1 FY2026.
Power & Transmission contributed nearly 48% of revenue in FY2025 and Q1 FY2026.
Electrical contributed 28.88% of FY2025 revenue, giving exposure to electrical equipment and industrial electrification.
Renewables, EV and Automotive contributed 9.51% of FY2025 revenue and 10.66% of Q1 FY2026 revenue.
Repeat customers contributed 94.28% of FY2025 revenue, indicating relationship stability and recurring industrial demand.
Revenue CAGR was 21.23%, EBITDA CAGR was 33.86%, and PAT CAGR was 37.86% from FY2023 to FY2025.
EBITDA margin improved to 4.32% in FY2025 and 4.53% in Q1 FY2026. PAT margin improved to 2.74% and 2.92% respectively.
Top 5 suppliers contributed 86.26% of purchases in FY2025 and 89.82% in Q1 FY2026.
Trade receivable days are moderate, but trade payable days are very low, creating a funding gap between supplier payment and customer collection.
Copper foils, PV ribbons, solar cables and advanced copper conductors can support future growth and product diversification.
Can Vidya Wires maintain growth and improve margins while managing copper/aluminium prices, working capital and supplier concentration?
Vidya Wires Limited is a steady-growth B2B manufacturer of winding wires and conductivity products with exposure to power transmission, electrical equipment, general engineering, renewable energy, EV / automotive and consumer durable applications.
The positives are wide SKU depth, growing product portfolio, power and electrical sector exposure, renewable and EV opportunity, strong repeat customer revenue, steady financial growth, improving margins and a meaningful fresh issue component.
The concerns are moderate margins, raw material price risk, high supplier concentration, low supplier credit, working capital requirement, debt, end-use industry concentration, competition and valuation risk.
This IPO should be studied as a metal-linked B2B manufacturing + power transmission supply chain + electrical equipment + working capital management story, not as a high-margin consumer electrical brand IPO.
| Short Form | Full Form |
|---|---|
| IPO | Initial Public Offering |
| RHP | Red Herring Prospectus |
| OFS | Offer for Sale |
| B2B | Business-to-Business |
| EV | Electric Vehicle |
| PV | Photovoltaic |
| SKU | Stock Keeping Unit |
| MT | Metric Tonne |
| EBITDA | Earnings Before Interest, Tax, Depreciation and Amortization |
| PAT | Profit After Tax |
| ROE | Return on Equity |
| ROCE | Return on Capital Employed |
| P/E | Price-to-Earnings Ratio |
| P/B | Price-to-Book Ratio |
| EV/EBITDA | Enterprise Value to EBITDA |
| NAV | Net Asset Value |
| QIB | Qualified Institutional Buyer |
| NII | Non-Institutional Investor |
| BSE | Bombay Stock Exchange |
| NSE | National Stock Exchange |
This content is prepared by IPORupee for educational and informational purposes only. It is based on IPO-related disclosures and information shared for understanding the company’s business model, product portfolio, financial performance, industry position and key risks.
This is not a recommendation to apply, avoid, buy, sell or hold any IPO or security. IPORupee is not a SEBI-registered investment adviser, research analyst, broker, wires industry consultant or portfolio manager.
Manufacturing and metal-linked businesses are subject to raw material price volatility, working capital pressure, supplier concentration, customer concentration, debt risk, competition, margin pressure and industry cycle risks. Investors should read the Red Herring Prospectus, risk factors, financial statements, objects of the issue, peer comparison, valuation details and official disclosures carefully and consult their financial advisor before making any investment decision.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 2,88,46,652 | 150.00 Cr |
Retail | 35.00 % | 2,01,92,658 | 105.00 Cr |
Total HNI | 15.00 % | 86,53,997 | 45.00 Cr |
SHNI | 5.00 % | 28,84,666 | 15.00 Cr |
BHNI | 10.00 % | 57,69,331 | 30.00 Cr |
Vidya Wires Ltd allotted 1,73,07,991 equity shares to anchor investors at ₹52 per share on 02 Dec 2025 before the IPO opening. The total anchor allocation stood at 90.00 Cr across 10 anchor investors.
Mutual funds received 1,34,61,696 shares worth 70.00 Cr, representing 77.78% of the total anchor investor allocation. Within the mutual fund portion, Bandhan Mutual Fund had the highest fund-house level allocation with 46,15,488 shares worth 24.00 Cr across 1 scheme. Other leading fund houses by allocation included Bank of India Mutual Fund and LIC Mutual Fund.
At scheme level, the largest mutual fund allocations included Bandhan Small Cap Fund, Bank of India Small Cap Fund, LIC MF Infrastructure Fund, LIC MF Manufacturing Fund and Bank of India Business Cycle Fund.
The largest anchor investor received 26.67% of the anchor portion. The top five anchor investors together received 1,32,69,655 shares, representing about 76.67% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | Bandhan Small Cap Fund | 46,15,488 | 26.67 % | 24.00 Cr |
| 2 | Bank of India Small Cap Fund | 36,54,144 | 21.11 % | 19.00 Cr |
| 3 | Alchemy Emerging Leaders of Tomorrow – Series 2 | 19,23,031 | 11.11 % | 10.00 Cr |
| 4 | LIC MF Infrastructure Fund | 16,34,688 | 9.44 % | 8.50 Cr |
| 5 | LIC MF Manufacturing Fund | 14,42,304 | 8.33 % | 7.50 Cr |
| Rank | Mutual Fund Scheme | AMC | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|---|
| 1 | Bandhan Small Cap Fund | Bandhan Mutual Fund | 46,15,488 | 26.67 % | 24.00 Cr |
| 2 | Bank of India Small Cap Fund | Bank of India Mutual Fund | 36,54,144 | 21.11 % | 19.00 Cr |
| 3 | LIC MF Infrastructure Fund | LIC Mutual Fund | 16,34,688 | 9.44 % | 8.50 Cr |
| 4 | LIC MF Manufacturing Fund | LIC Mutual Fund | 14,42,304 | 8.33 % | 7.50 Cr |
| 5 | Bank of India Business Cycle Fund | Bank of India Mutual Fund | 9,61,344 | 5.55 % | 5.00 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 288 (1) | ₹ 14,976 |
Retail MAX | - | 3744 (13) | ₹ 1,94,688 |
SHNI MIN | - | 4032 (14) | ₹ 2,09,664 |
SHNI MAX | - | 19008 (66) | ₹ 9,88,416 |
BHNI MIN | - | 19296 (67) | ₹ 10,03,392 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 274.00 Cr |
Offer for Sale | 50,01,000 | 26.01 Cr |
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
Pantomath Capital Advisors Private Limited | Amit Maheshwari | +91 1800 889 8711 | vidyawires.ipo@pantomathgroup.com | www.pantomathgroup.com |
IDBI Capital Markets & Securities Limited | Lokendra Parihar | +91 22 4069 1953 | vidyawires.ipo@idbicapital.com | www.idbicapital.com |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Vidya Wires Ltd. The issue is scheduled to open on Wednesday, 03 December 2025 and closes on Friday, 05 December 2025.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount offered to investors through the public issue.
For Vidya Wires Ltd IPO, the total issue size is Rs 300.01 crore, consisting of a fresh issue of Rs 274 crore and an Offer for Sale (OFS) of Rs 26.01 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 48 per share and the upper price band is Rs 52 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Vidya Wires Ltd IPO, the minimum lot size is 288 shares. At the upper price band of Rs 52 per share, the minimum application amount is Rs 14,976. Applications must be made in multiples of 288 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Vidya Wires Ltd IPO, the Fresh Issue size is Rs 274 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.
For Vidya Wires Ltd IPO, the Offer for Sale (OFS) size is Rs 26.01 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Vidya Wires Ltd IPO, the IPO opens on Wednesday, 03 December 2025.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Vidya Wires Ltd IPO closes on Friday, 05 December 2025.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Vidya Wires Ltd IPO, the tentative allotment date is Monday, 08 December 2025.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Vidya Wires Ltd IPO is expected to list on Wednesday, 10 December 2025.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Vidya Wires Ltd IPO, refund initiation is expected on Tuesday, 09 December 2025, and credit of shares to demat accounts is expected on Tuesday, 09 December 2025.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Vidya Wires Ltd IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Vidya Wires Ltd IPO, 50% shares are reserved under the QIB category, with 2,88,46,652 shares offered, and an allocation amount of ₹150.00 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Vidya Wires Ltd IPO, 35% shares are reserved under the Retail category, with 2,01,92,658 shares offered, and an allocation amount of ₹105.00 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Vidya Wires Ltd IPO, 15% shares are reserved under the NII/HNI category, with 86,53,997 shares offered, and an allocation amount of ₹45.00 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Vidya Wires Ltd IPO, 5% shares are reserved under the SHNI sub-category, with 28,84,666 shares offered, and an allocation amount of ₹15.00 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Vidya Wires Ltd IPO, 10% shares are reserved under the BHNI sub-category, with 57,69,331 shares offered, and an allocation amount of ₹30.00 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Vidya Wires Ltd IPO, the minimum lot size is 288 shares. At the upper price band of Rs 52 per share, the minimum application amount is Rs 14,976. Applications must be made in multiples of 288 shares.
Retail minimum application shows the minimum application size for retail investors.
For Vidya Wires Ltd IPO, the Retail minimum application is 288 shares (1 lot) for about Rs 14,976.
Retail maximum application shows the maximum application size generally available under the retail category.
For Vidya Wires Ltd IPO, the Retail maximum application is 3,744 shares (13 lots) for about Rs 1,94,688.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Vidya Wires Ltd IPO, the SHNI minimum application is 4,032 shares (14 lots) for about Rs 2,09,664.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Vidya Wires Ltd IPO, the SHNI maximum application is 19,008 shares (66 lots) for about Rs 9,88,416.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Vidya Wires Ltd IPO, the BHNI minimum application is 19,296 shares (67 lots) for about Rs 10,03,392.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.