Vidya Wires IPO Review 2025: Price Band, Financials, & Should You Apply?

Dec 12th 2025
IPO
Vidya Wires IPO Review 2025

 

Vidya Wires IPO has become one of the most watched offerings for December 2025, especially among investors tracking industrial manufacturing and electrical component businesses.

This ₹300.01 crore book-built issue includes a fresh issue of ₹274 crore and an offer for sale worth ₹26.01 crore, giving the company the capital needed to expand its production capacity.

The Vidya Wires IPO subscription window runs from December 3 to December 5, 2025, with allotment expected on December 8, and a tentative listing date of December 10, 2025, on both NSE and BSE.

The IPO price band is ₹48–₹52 per share, and the minimum retail investment of ₹14,976 (for 288 shares) makes it accessible for retail investors. High-net-worth categories—sNII and bNII—require investments of ₹2,09,664 and ₹10,03,392, respectively.

The issue is managed by Pantomath Capital Advisors Pvt. Ltd., with MUFG Intime India Pvt. Ltd. acting as the registrar.

We will now break down Vidya Wires’ business model, financial performance, risk factors, valuation, and investment outlook in detail, so that you can make an informed decision before applying for the IPO.

 

Vidya Wires IPO – Key Details

The following are some of the key details about Vidya Wires IPO:

ParticularDetails
IPO Size₹300.01 crore
Fresh Issue₹274 crore (5.27 crore shares)
Offer for Sale (OFS)₹26.01 crore (50.01 lakh shares)
Issue TypeBook Building IPO
Price Band₹48 – ₹52 per share
Face Value₹1
Lot Size288 shares
Retail Investment (Min)₹14,976
ListingBSE, NSE
IPO Open DateDec 3, 2025
IPO Close DateDec 5, 2025
Allotment DateDec 8, 2025
Refunds & Demat TransferDec 9, 2025
Listing DateDec 10, 2025
BRLMPantomath Capital Advisors Pvt. Ltd.
RegistrarMUFG Intime India Pvt. Ltd.

 

Vidya Wires IPO Lot Size & Investment Limits

The following table shows Vidya Wires IPO lot size and investment limits:

Application TypeLotsSharesAmount (₹)
Retail Min1288₹14,976
Retail Max133,744₹1,94,688
S-HNI Min144,032₹2,09,664
S-HNI Max6619,008₹9,88,416
B-HNI Min6719,296₹10,03,392

 

Vidya Wires IPO Reservation Breakdown

The following is the Vidya Wires IPO reservation:

CategoryShares Offered
QIBNot more than 50% of the net offer
RetailNot less than 35%
NII (HNI)Not less than 15%

 

Vidya Wires of Competitive Strengths

The following are the competitive strengths of Vidya Wires:

  • Diversified product portfolio (8,000+ SKUs) catering to multiple industries.
  • Backward integration ensures better quality control & cost efficiency.
  • Strong presence in strategic manufacturing clusters in Gujarat.
  • Stable customer relationships with long-term industry buyers.
  • Growing market demand from EVs, renewable energy, power & railways.
  • Consistent financial performance with rising revenue and PAT.
  • Experienced management team with 40+ years of industry presence.

 

Financial Performance of Vidya Wires

Let us see the financial performance of Vidya Wires from the following tables:

Financial Information (Restated Consolidated)

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets376.93331.33247.84209.08
Total Income413.091,491.451,188.491,015.72
EBITDA18.6764.2245.5235.84
Profit After Tax (PAT)12.0640.8725.6821.53
Net Worth178.37166.36125.54100.11
Total Borrowing162.75145.63109.7197.11

Key Highlights:

  • Revenue grew 25% YoY in FY25.
  • PAT increased 59% YoY, showing strong profitability improvement.
  • Consistent EBITDA growth reflects operational stability.

 

Key Ratios (FY25) of Vidya Wires

The following are the key ratios of Vidya Wires for FY2025:

KPIValue
ROE24.57%
ROCE19.72%
Debt-to-Equity0.88
PAT Margin2.74%
EBITDA Margin4.32%
Price-to-Book Value6.62
Market Cap₹1,106 crore

 

Valuation Metrics of Vidya Wires

The following are the valuation metrics of Vidya Wires:

MetricPre-IPOPost-IPO
EPS (₹)2.552.27
P/E (x)20.36x22.94x

Key Points

  • The issue is moderately priced considering industry averages of 20–25x PE.
  • Strong ROE and rising EBITDA justify the premium.

 

Objects of the Issue

The following are the objects of issues:

PurposeAmount (₹ Cr)
Capex for subsidiary ALCU (new project)140.00
Repayment of borrowings100.00
General corporate purposesBalance

The capex is expected to double capacity, improving future revenue visibility.

 

Promoter Holdings

The following are the promoter holdings of Vidya Wires: Shyamsundar Rathi, Shailesh Rathi, Shilpa Rathi

Particular%
Pre-issue Holding99.91%
Post-issue HoldingWill reduce (final % depends on post-issue capital)

 

Vidya Wires Contact Information

The following is the contact information of Vidya Wires:

Registered OfficeIPO Registrar
Vidya Wires Ltd.MUFG Intime India Pvt. Ltd.
Phone: +91 74340 38300Phone: +91-22-4918 6270
Email: cs@vidyawire.comEmail: vidyawires.ipo@linkintime.co.in
Website: www.vidyawire.comWebsite: linkintime.co.in

If you're tracking all the major IPOs this month, check out our full List of IPOs in December 2025 to see other upcoming issues alongside Vidya Wires.

 

Frequently Asked Questions - Vidya Wires IPO

 

What is the Vidya Wires IPO?

The Vidya Wires IPO is a ₹300.01 crore book-built issue that includes a fresh issue of ₹274 crore and an offer for sale of ₹26.01 crore. Vidya Wires manufactures copper and aluminium winding and conductivity products.

When does the Vidya Wires IPO open and close?

The Vidya Wires IPO opens on December 3, 2025, and closes on December 5, 2025.

What is the price band and lot size for the Vidya Wires IPO?

The Vidya Wires IPO price band is ₹48–₹52 per share, and the minimum lot size is 288 shares, requiring a retail investment of ₹14,976.

What is the expected listing date for Vidya Wires IPO shares?

Vidya Wires IPO shares are expected to list on December 10, 2025, on BSE and NSE.

What does Vidya Wires Limited do?

Vidya Wires Limited manufactures over 8,000 SKUs of copper and aluminium wires, conductors, strips, busbars, and PV ribbons used in power, mobility, electrical systems, railways, and renewable energy applications.

How is Vidya Wires’ financial performance?

Vidya Wires has delivered strong growth, with revenue up 25% and PAT increasing 59% in FY25 vs FY24. Key metrics include 24.57% ROE, 19.72% ROCE, and stable EBITDA margins.

How will Vidya Wires use the IPO proceeds?

Vidya Wires plans to use the IPO proceeds to set up a new manufacturing project under subsidiary ALCU, repay ₹100 crore of borrowings, and fund general corporate needs.

Is the Vidya Wires IPO fairly valued?

Based on FY25 numbers, the Vidya Wires IPO appears reasonably priced, with a post-issue P/E of 22.94 supported by consistent growth and rising demand across industries.

Who are the promoters of Vidya Wires?

The promoters of Vidya Wires are Shyamsundar Rathi, Shailesh Rathi, and Shilpa Rathi, collectively holding 99.91% before the issue.

Should investors apply for the Vidya Wires IPO?

Vidya Wires IPO carries a positive outlook due to its diversified product range, strong customer base, capacity expansion, and stable financial performance. Many analysts recommend subscribing for medium to long-term gains.

 

Author Image
Author: Diwakar Singh

 

Diwakar Kumar Singh is a certified SEO content writer and finance specialist with 7+ years of experience in the BFSI industry. He has written 1,000+ finance articles, published books across seven countries and authored research papers.

In 2018, he was awarded a Gold Medal in Marketing and Finance from IMT Hyderabad. He combines analytical strength with clear communication. Diwakar simplifies complex financial concepts, decodes unlisted shares, analyses IPOs, ratios and company profiles and delivers evidence-backed insights that help investors make informed decisions. communication.

 

Beyond finance, Diwakar is a dedicated fitness enthusiast and the founder of TheFitnessJournal. He also holds a nutrition certification from ISSA, USA, and writes about health, nutrition and science-backed wellness in a simple and approachable style. His ability to excel in two demanding fields makes him a versatile creator committed to clarity, accuracy and meaningful impact.

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