Vidya Wires Limited IPO

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Vidya Wires Limited is a leading manufacturer of winding and conductivity products serving critical industries such as energy generation, electrical systems, clean energy, mobility, and railways. With a diversified product portfolio and a strong manufacturing foundation built over four decades, the company has emerged as a key player in India’s electrical conductivity segment. Vidya Wires operates from Anand, Gujarat, with logistical access to major ports like Hazira and Mundra, enabling efficient import of raw materials and export of finished goods to global markets.

Product Portfolio

The company manufactures over 8,000 SKUs across a broad range of precision-engineered products, including:

i) Enameled Copper & Aluminium Wires
ii) Enameled Copper Rectangular Strips
iii) Paper Insulated Copper Conductors
iv) Bare Copper Conductors & Copper Busbars
v) Specialised Winding Wires
vi) PV Ribbon & Aluminium Paper-Covered Strips

These products are used in transformers, motors, renewable energy systems, EV components, and power transmission infrastructure.

Industry Positioning

According to the CareEdge Report, Vidya Wires is the 4th largest player in India with a 5.7% market share (FY25) based on installed capacity. With planned capacity expansion through its subsidiary ALCU Industries Private Limited, the company aims to become the 3rd largest manufacturer with an expanded market share of 11% post-expansion.

Customer & Geographic Reach

Vidya Wires has a wide and de-risked customer base, serving 318+ customers in Q1 FY26, 19+ international clients across 18+ countries in 5 continents. Revenue diversified across India, with Gujarat and Maharashtra contributing ~65–70% of domestic sales

Major long-term customers include Adani Wilmar, Schneider Electric Infrastructure, Suzlon Energy, Transformers & Rectifiers India, Lubi Industries, and Hammond Power Solutions.

Objects of the Vidya Wires Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Capital expenditure requirements for setting up new project in subsidiary viz. ALCU (₹140 cr) 2. Repayment/prepayment of certain outstanding borrowings (₹100 cr) 3. General corporate purposes.
DRHP of Vidya Wires Limited IPO
RHP of Vidya Wires Limited IPO

Vidya Wires Limited IPO Details:

Open Date: Dec 03 2025
Close Date: Dec 05 2025
Total Shares: 5,76,93,307
Face Value: ₹ 1 Per Equity Share
Issue Type: Book Building
Issue Size: 300.01 Cr.
Lot Size: 288 Shares
Issue Price: ₹ 48 - 52 Per Equity Share
Listing At: NSE,BSE
Listing Date: Dec 10 2025

Promoters And Management:

1. Shyamsundar Rathi, Chairman and Whole-Time Director, he brings over 43 years of experience in the winding and conductivity products industry. A founder member, he has led key industry bodies including FASII (President, 2008–2010) and Winding Wires Manufacturers Association of India (2018–19). He has received multiple national awards for entrepreneurship. His B.Com (Hons.) certificate from Umeschandra College is currently untraceable, and steps for reissuance are underway. 2. Shailesh Rathi, Managing Director with 28+ years of industry experience, he holds a B.E. (Electrical) from Birla Vishwakarma Mahavidyalaya. Associated with the company since 1997, he initially handled production and purchase before joining the Board in 2010. He became Managing Director in July 2024. He has held leadership roles in regional industry associations, including Vithal Udyognagar Industries Association and Bombay Metal Exchange (Gujarat Chapter). 3. Shilpa Rathi, Whole-Time Director with 8 years of experience in purchase, HR, administration, and CSR. A diploma holder in fashion technology, she earlier served as Director from 2002 to 2010 and was reappointed in June 2024.

Financials of Vidya Wires Limited IPO:

Particulars 3M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 411.70 1486.30 1186 1011.40
EBITDA (Cr) 18.60 64.20 45.50 35.80
EBITDA Margins 4.53% 4.32% 3.84% 3.54%
PAT (Cr) 12 40.8 25.6 21.5
PAT Margins 2.92% 2.74% 2.16% 2.12%
ROCE 5.24 19.72% 18.25% 16.87%
OPerating Cash Flow -0.37 -1.68 0.21 3.75
D/E Ratio 0.91 0.88 0.87 0.97

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Vidya Wires Limited 1486.30 4.32% 2.74% 19.72% 0.88 1105.99 27.11
Precision Wires India Limited 4015 4% 2.24% 26.80% 0.19 4604 41.40
Apar Industries Limited 18581 9% 4.42% 32.70% 0.14 37311 39.70
Ram Ratna Wires Limited 3677 4% 1.90% 20.20% 1.24 2864 40.20
NOTE:Forward P/E 23.04 is According to FY 2026 PAT

Lead Manager of Vidya Wires Limited IPO:

  1. IDBI Capital Market Services Limited
  2. Pantomath Capital Advisors Private Limited

Registrar of Vidya Wires Limited IPO:

  1. MUFG Intime India Private Limited

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