Vidya Wires share price opens at Rs 52 on NSE, BSE—Massive subscription, muted listing

Vidya Wires IPO Listing: Vidya Wires shares made a muted market debut on Wednesday. The stock listed at Rs 52.13 on the BSE, up 0.25 per cent from the issue price. On the NSE, the shares opened flat at Rs 52 per share.

Strong subscription but quiet listing

The public issue received robust demand, with overall subscription at 26.59 times, as per NSE data. Retail investors subscribed the IPO 27.86 times, while the NII portion saw heavy interest at 51.98 times. The QIB category was subscribed 5.12 times.

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Issue details and fund raise

The IPO was open for subscription from December 3 to December 5, with allotment completed on December 8. The price band was Rs 48 to Rs 52 per share. At the upper end, the company raised Rs 300.01 crore through a mix of fresh issue and OFS.

The fresh issue comprised 5.27 crore shares worth Rs 274 crore, while the OFS included 50 lakh shares amounting to Rs 26.01 crore.

Lead managers

Pantomath Capital Advisors Pvt. Ltd. acted as the book running lead manager, and MUFG Intime India Pvt. Ltd. served as the registrar for the IPO.

Raised 90 crores from anchor investors

Vidya Wires raised Rs 90 crore from anchor investors ahead of its IPO opening. The anchor book saw strong participation from key institutional players, including Bandhan MF, LIC MF, Bank of India MF, Maybank Securities, Alchemy Emerging Leaders of Tomorrow Series 2 and the MAIQ Growth Scheme. The anchor allocation helped set the tone for the issue, which later saw robust subscription across investor categories.

About the company

Vidya Wires manufactures overhead conductors and ground wires, products linked to the ongoing expansion and strengthening of India's power grid. The company has reported consistent revenue growth, with a sales CAGR of 12–15 per cent over recent years, supported by rising project activity in the power sector.