Vidya Wires

Vidya Wires’ initial public offering (IPO) has witnessed robust investor demand, being subscribed 8.26 times on its second day of subscription. Analysts attribute the strong response to the company’s consistent revenue growth, strong fundamentals, and promising outlook in the industrial wiring and electrical components sector. Retail and institutional investors alike have shown significant interest, indicating confidence in Vidya Wires’ market positioning and growth potential.

Vidya Wires Ltd. has raised Rs. 90 crore from anchor investors ahead of its initial public offering, signalling robust institutional confidence in the company’s growth prospects. The pre-IPO allocation marks an important milestone for the wire and cable manufacturer as it prepares to list on the domestic exchanges. The anchor book saw participation from a mix of domestic funds and prominent institutional investors, underscoring the company’s market credibility and the broader appetite for manufacturing-focused IPOs.

Vidya Wires Ltd. is set to open its initial public offering on December 3, marking a key step in the company’s plan to expand capacity and strengthen its position in the electrical conductors market. The IPO will offer investors an opportunity to participate in a business that supplies essential components for transformers, motors, and various industrial applications. With rising demand driven by India’s electrification push and infrastructure growth, the company aims to capitalize on favorable market conditions.