Vidya Wires Files IPO Draft with SEBI

Vidya Wires Ltd., a well-known manufacturer of winding and conductivity products, has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The offering includes a fresh issue of shares worth ₹320 crore and an offer-for-sale (OFS) of 1 crore equity shares by its promoters.

Promoters’ Share Sale

As part of the OFS, promoters Shyamsundar Rathi and Shailesh Rathi will each sell 50 lakh equity shares. The company’s shares, with a face value of ₹1 per share, are set to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) once the IPO process is complete.

Planned Utilisation of Funds

The proceeds from the IPO will be divided across key priorities. Around ₹140 crore is allocated to fund capital expenditure for a new project under Vidya Wires’ subsidiary, ALCU. Another ₹100 crore will go toward repaying or prepaying outstanding loans. The remaining funds will be used for general corporate purposes.

About Vidya Wires Limited

Vidya Wires manufactures products including enamelled copper rectangular strips, copper conductors, and more. With over 6,400 stock-keeping units (SKUs), the company offers products in thicknesses from 0.07 mm to 25 mm. 

Over the last three financial years, Vidya Wires has supplied products to more than 370 customers across various sectors. The company has managed to maintain a diverse client base, ensuring that no single customer contributes more than 9% of its annual revenue.

IPO Management

Pantomath Capital Advisors Pvt. Ltd. and IDBI Capital Markets & Securities Ltd. have been appointed as the lead managers for the IPO. Link Intime India Pvt. Ltd. will serve as the registrar.

This IPO is expected to provide Vidya Wires with the financial resources to strengthen its operational framework and address debt obligations.

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