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Vidya Wires IPO
26.35xsubscribed

Vidya Wires IPO

listed
₹13,824Min. investment

Vidya Wires Limited IPO Details

Price range₹48.00 – ₹52.00
IPO type
Regular
Lot size288 shares
Issue size₹300Cr
Red Herring Prospectus
Read
Market cap
₹1,106CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹1,486CrLower than sector avg
Growth rate3Y CAGR
21.23%Higher than sector avg

Vidya Wires IPO Subscription Status

Date
QIB
NII
Retail
Total
03-Dec-25
0.48 times (X)
3.42 times (X)
4.06 times (X)
2.91 times (X)
04-Dec-25
1.34X
9.91X
11.49X
8.27X
05-Dec-25
2.53X
51.31X
27.49X
26.35X

As on 03-Dec-25, 5:30 PM

Vidya Wires IPO Timeline

  1. Pre-apply
    2 Dec 2025
  2. Bid start
    3 Dec 2025
  3. Bid end
    5 Dec 2025
  4. Allotment
    8 Dec 2025
  5. Release of funds
    9 Dec 2025
  6. Demat transfer
    9 Dec 2025
  7. Listing
    10 Dec 2025

About Vidya Wires Limited

Vidya Wires Limited is a manufacturer of winding and conductivity products used in vital applications related to railroads, clean energy, electrical systems, electric mobility, and energy generation and transmission. Enameled wires, enameled copper rectangular strips, copper busbars, bare copper conductors, paper-insulated copper conductors, speciality winding wires, photovoltaic ribbons and aluminium paper-covered strips are all part of the diverse product line.
The company is the 4th largest manufacturer in its industry with a 5.7% market share of installed capacity in FY25. Vidya Wires plans to further expand manufacturing capabilities and diversify its product range.
In the three months ending June 30, 2025, the company served 318 clients, including more than 19 foreign clients from more than 18 countries across five continents. Revenues are well-diversified, with no single customer contributing more than 9%, significantly lowering the risk of concentration exposure. It manufactures over 8,000 SKUs of winding and conductivity products with thicknesses ranging from 25 mm to 0.07 mm. Adani Wilmar, Schneider Electric, Transformers & Rectifiers India, Electrotherm, and Suzlon Energy are just a few of the significant clients with which it has longstanding relationships.
As of June 2025, 80.55% of revenue came from repeat customers, indicating strong stickiness. From an industry perspective, power and gearbox accounted for 48.83% of revenue, followed by general engineering (9.86%), electrical (22.40%), renewable, EV, and automotive (10.66%), and consumer durables (7.75%) as of June 2025.
The company has strategically located operations in Anand, Gujarat, a logistics hub with access to important ports like Hazira and Mundra. With Gujarat and Maharashtra combined accounting for 68.66% of operating revenue in the three months ending June 30, 2025, the western region continues to be its largest market. 11.20% of total revenue came from international markets, which included nations like the United States, Saudi Arabia, the United Arab Emirates, Australia, Canada, Egypt, Singapore, and so on.
The company manufactured 35-40% of the total copper rod needs in-house and sourced 22.50% of power from solar and windmills as of June 2025. Further, the company has installed enameled machines with catalytic converters and inline wire drawing machines that decrease energy consumption and resultant emissions, supported by HVAC systems in its operations. Additionally, it is a pre-approved supplier with Power Grid Corporation of India Limited and a UL-approved company, which enables it to export enamelled copper/aluminium wire to the United States of America.
The shift to clean energy is accelerating, with a target of 500 GW of non-fossil fuel power capacity by 2030. Installed solar capacity is expected to rise from 81.8 GW in FY24 to 365 GW by FY32, while EV sales increased by 42% year over year in FY24, with a boost from initiatives like EMPS 2024. With renewables and EV-related products accounting for 10.71%, 9.55%, 7.71%, and 7.11% of revenue as of June 2025, FY25, FY24, and FY23, respectively, the company is well-positioned to profit from this growth. In addition, the company is also strategically expanding production with the introduction of new products for these industries in the proposed project, including solar cables, PV round ribbon and enamelled copper rectangular strips for EV motors.
The company aims to increase capacity, broaden its geographic reach, concentrate on the emerging EV and renewable energy industries, and keep improving efficiency and sustainability.
Now, Vidya Wires Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹274 crore and an offer for sale of ₹26.01 crore. The total issue size of the IPO is ₹300.01 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Vidya Wires IPO?

You can pre-apply for the Vidya Wires IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Vidya Wires IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Vidya Wires IPO?

If you are interested in this investment opportunity but unsure how to apply for the Vidya Wires IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Vidya Wires IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Vidya Wires IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

How to check Vidya Wires IPO Allotment Status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Vidya Wires IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Vidya Wires IPO allotment status will be mentioned

Vidya Wires Limited IPO Analysis

IPO REVIEW

Vidya Wires IPO | Analysis Video

Should you apply?

Watch our analysts break down the Vidya Wires Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

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.

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.

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.

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.

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.

Objectives of Vidya Wires Limited IPO

Capital expenditure
51.09%
The company will deploy ₹140 crore as capex for a new project in ALCU.
Repayment of borrowings
36.50%
The company will use ₹100 crore to repay certain outstanding borrowings.
General corporate purposes
12.41%
Part of the IPO proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹1,486Cr21.23%₹40.87Cr₹1,106Cr20.390.88
This sector (avg.)₹1,533.73Cr0.01%₹65.23Cr₹6,984.15Cr28.580.67
₹22,408.31Cr---₹2,045.54Cr₹1,05,586.2Cr40.310.15
₹9,735.88Cr---₹696.41Cr₹38,441.96Cr44.680.04
₹7,618.23Cr---₹311.61Cr₹15,536.69Cr38.490.13

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Vidya Wires IPO Contact Details

Company NameVidya Wires Limited

How to apply for Vidya Wires IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Vidya Wires Limited IPO FAQs