- Price band
- To be announcedNot in this filing
- Issue size
- To be announcedAmount set with price
- Face value
- ₹1per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingTue, 2025
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentMon, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- —
- Offer for sale
- 50,01,000 shares
- Total issue
- —
- Face value
- ₹1
- Listing at
- NSE, BSE
- RHP date
- 27 Nov 2025
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹2.55
- RoNW
- 24.57%
- NAV per share
- ₹10.4
- ROCE
- 19.72%
- Debt to equity
- 0.88
- EBITDA margin
- 4.32%
- PAT margin
- 2.74%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20253 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 411.76 | 1,486.39 | 1,186.07 | 1,011.44 |
| Total income | 413.09 | 1,491.45 | 1,188.49 | 1,015.72 |
| EBITDA | 18.67 | 64.22 | 45.52 | 35.84 |
| Profit after tax | 12.06 | 40.87 | 25.69 | 21.50 |
| Net worth | 178.37 | 166.36 | 125.54 | 100.11 |
| Reserves and surplus | 162.37 | 150.36 | 121.54 | 95.86 |
| Total assets | 376.93 | 331.33 | 247.84 | 209.08 |
FY 2024-25 vs FY 2023-24: revenue +25.3%, profit after tax +59.1%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 27 Nov 2025Updated
About the company
The company manufactures winding and conductivity products such as enameled copper and aluminium wires, rectangular strips, paper-insulated conductors and busbars. Its products serve power transmission, electrical equipment, motors, renewable energy, electric vehicles and railways. It operates from Anand, Gujarat, and sells to domestic and export customers, with a wholly owned subsidiary, ALCU Industries Private Limited, planned to host a new plant.
- Incorporated
- 1981
- Industry
- Winding and Conductivity Products
- CIN
- U31300GJ1981PLC004879
- Website
- vidyawire.com
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Shailesh Rathi | 47.49% | — | 25,00,500 |
| Shyamsundar Rathi | 44.38% | — | 25,00,500 |
| Shilpa Rathi | 0.29% | — | — |
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for a new plant at subsidiary ALCU Industries Private Limited | 140.00 |
| Full or partial repayment or prepayment of certain borrowings of the company | 100.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vidya Wires LimitedIssuer | ₹2.55 | — | 24.57% | ₹10.4 |
| Precision Wires India Limited | ₹5.04 | 53.45× | 15.63% | ₹32.25 |
| Ram Ratna Wires Limited | ₹15.04 | 42.19× | 14.39% | ₹110.74 |
| Apar Industries Limited | ₹204.47 | 44.36× | 18.24% | ₹1,121.17 |
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- The company is among the top five makers of winding and conductivity products in India.
- Its customer base is broad, with no single customer above 9% of annual revenue in the periods shown.
- Revenue comes from several end-user industries and a wide product range of over 8,000 SKUs.
- It has backward integration into raw materials and holds quality certifications such as ISO 9001:2015 and UL approval.
- Revenue, profit and net worth grew across the FY 2023 to FY 2025 period.
Risks
- Over 80% of revenue comes from power and transmission, general engineering and electrical sectors, so a slowdown there would affect the business.
- Copper and aluminium prices are volatile and linked to LME and crude oil, and the company may not pass on cost increases.
- Two promoters and some promoter group members received SEBI show cause notices in the past, which may lead to penalties.
- The proposed new plant is in a subsidiary and depends on funding from Net Proceeds, which may face cost overruns or delays.
- The company has a high dependence on borrowings and reports debt-to-equity above 0.8 times in the periods shown.
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Contacts
Source: Red Herring Prospectus dated 27 Nov 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 27 Nov 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Vidya Wires IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 3 December 2025 and closes on Friday, 5 December 2025.
What is the Vidya Wires IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Vidya Wires shares list?
On NSE and BSE. The tentative listing date is Wednesday, 10 December 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Vidya Wires IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 8 December 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹140 Cr for capital expenditure for a new plant at subsidiary ALCU Industries Private Limited, ₹100 Cr for full or partial repayment or prepayment of certain borrowings of the company, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.