Vidya Wires IPO Subscription Closes Today With GMP Suggesting Steady Double-Digit Listing Gain

Vidya Wires Ltd. IPO Concludes on December 5; Grey Market Premium Remains High

The initial public offering (IPO) of Vidya Wires Ltd. is set to conclude on December 5, with the Rs 300-crore mainboard issue receiving bids for 35,78,70,240 shares against the 4,33,34,009 on offer.

Grey Market Premium Remains High Despite Slight Decline

The grey market premium for the mainboard IPO has remained in headlines as private market investors gauge the performance of the public issue based on market sentiment. Although the premium has shown a slight decline since the last few days, the current trend still suggests a double-digit listing gain.

• The latest grey market premium (GMP) for Vidya Wires IPO was Rs 5.5 on December 5.
• Compared to the upper price band of Rs 52, the latest GMP indicates that the unlisted shares of Vidya Wires Limited were trading at Rs 57.5 per share.
• The GMP implies a premium of 10.58% per share over the upper end of the issue price.

Disclaimer: The final listing price is determined by the official price discovery mechanism on the stock exchange on listing day, which is influenced by official subscription data, anchor investor interest, and overall market conditions, not just the GMP.

Vidya Wires IPO Details

• The Vidya Wires IPO is a book-building issue worth Rs 300.01 crore.
• The mainboard issue comprises a fresh issue of 5.27 crore shares, amounting to Rs 274 crore and an offer-for-sale (OFS) of 50 lakh shares, aggregating to Rs 26.01 crore.
• The company has fixed the IPO price band at Rs 48 to Rs 52 per share.
• Retail investors need to apply for at least one lot of 14,976 per application, based on the upper band of the issue price.
• Small Non-Institutional Investors (NIIs) can apply for a minimum of 14 lots, aggregating to an investment of Rs 2,09,664.
• Big NIIs are required to apply for 67 shares, worth Rs 10,03,392.

About Vidya Wires Ltd.

Vidya Wires Ltd., incorporated in 1981, is a producer of aluminium and copper wires. It specialises in winding and conductivity products for various industries. Its products include precision-engineered wires, copper strips, conductors, busbars, specialised winding wires, PV ribbons and aluminium paper-covered strips.

Financial Performance

• In FY 2024-25, the company’s total income stood at Rs 1,491.45 crore, compared to Rs 1,188.49 crore in the preceding financial year.
• Its net profit surged to Rs 40.87 crore in FY25 up from Rs 25.68 crore in FY24.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.