Vidya Wires IPO

About the company

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

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   03 Dec 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   05 Dec 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   08 Dec 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   09 Dec 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   09 Dec 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   10 Dec 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.