Vidya Wires IPO opens tomorrow: GMP signals steady demand - Key dates, price band, and All you need to know

Synopsis Vidya Wires’ Rs 300-crore IPO opens on December 3, drawing steady investor interest as the grey market signals an 11.5% premium. With competitive valuations, solid earnings and a diversified product mix, the company’s listing on December 10 is keenly watched amid a crowded primary market featuring multiple mainboard issues. Gujarat-based Vidya Wires is all set to hit the capital markets with its Rs 300-crore IPO, opening for public subscription on Wednesday, December 3. The issue has already begun generating buzz in the grey market, where the IPO is commanding a premium of Rs 6, or 11.5%, over the upper end of its price band—suggesting an estimated listing price of around Rs 58 per share. The IPO launch comes on a particularly busy day for the primary market, with Vidya Wires becoming the third mainboard issue to open alongside Meesho and aerospace components maker Aequs. Vidya Wires IPO details: price band, structure, and key dates Vidya Wires has priced its upcoming IPO in the range of Rs 48– 52 per equity share, each carrying a face value of Rs 1. The IPO aims to raise Rs 300 crore, comprising a fresh issue of Rs 274 crore along with an offer for sale worth Rs 26 crore. Under the OFS, promoters Shyamsundar Rathi and Shailesh Rathi are set to offload 50.01 lakh shares. Notably, the promoters’ weighted average acquisition cost is just Rs 0.25 per share, indicating substantial value creation ahead of the listing. Live Events Key dates for the issue include allotment finalisation on December 8, initiation of refunds on December 9, and share credit and listing on the BSE scheduled for December 10. Vidya Wires IPO valuations: Attractive vs Industry peers From a valuation perspective, Vidya Wires appears competitively priced. Based on FY25 diluted earnings per share, the company’s price-to-earnings ratio stands at 20.39x at the upper end of the price band and 18.82x at the lower end. These figures position the IPO at a clear discount to the industry average P/E of 47.82x for the same period. Additionally, the company has demonstrated consistent profitability, supported by a three-year weighted average return on net worth of 22.69%. Vidya Wires IPO GMP today: The IPO is already creating a stir in the grey market, where shares are being traded at a premium of Rs 6, or 11.5% above the upper end of the price band. This points to a potential listing price of around Rs 58 per share. It’s important to note, however, that the grey market premium (GMP) is an unofficial indicator of demand and should be interpreted cautiously, as it does not guarantee actual listing performance. About Vidya Wires Vidya Wires is a prominent manufacturer of winding and conductivity products, supplying critical components to sectors such as power transmission, electrical equipment, and general engineering. Its product portfolio includes enamelled copper wires, PV ribbons, copper busbars, and paper-covered strips. The company’s financial performance remains strong, with FY25 operating revenue reaching Rs 1,295 crore. The power and transmission segment contributed 48.06% of this revenue, followed by 28.58% from the electrical sector and 10.20% from general engineering—highlighting a well-diversified and resilient business model. IPO allocation & lead managers In line with Sebi regulations, up to 50% of the issue has been reserved for qualified institutional buyers (QIBs), while at least 15% is allocated for non-institutional investors. Retail investors will receive a minimum of 35% of the offer. Also read: IPO Frenzy Continues: December to see nearly Rs 30,000 crore worth of public issues The IPO is being jointly managed by Pantomath Capital and IDBI Capital, with MUFG Intime India serving as the registrar. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. 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