•Mr. Shailesh Rathi, Managing Director – Vidya Wires Limited
• Mr. Shyamsundar Rathi, Chairman and Whole Time Director – Vidya Wires Limited
•Mr. Hiren Raipancholia, Managing Director, ECM Syndication – Pantomath Capital Advisors Private Limited
• Mr. Arun Maheshwari, Finance Head – Vidya Wires Limited
• Mr. Shyamsundar Rathi, Chairman and Whole Time Director – Vidya Wires Limited
• Mr. Shailesh Rathi, Managing Director – Vidya Wires Limited
• Mr. Naveen Pachisia, Chief Financial Officer – Vidya Wires Limited
• Mr. Lokendra Parihar, Senior Manager ECM – IDBI Capital Markets & Securities Limited
Price Band has been fixed at ₹ 48 to ₹ 52 per Equity Share
The Floor Price is 48 times the face value of Equity Shares and the Cap Price is 52 times the face value of the Equity Shares.
Bid / Offer will open on December 03, 2025 and close on December 05, 2025 (“Bid Dates”).
The Anchor Investor Bid / Offer Period shall be December 02, 2025.
Bids can be made for a minimum of 288 Equity Shares and in multiples of 288 Equity Shares thereafter. (“No. of Bids”)
Red Herring Prospectus link: https://pantomath-web.s3.ap-south-1.amazonaws.com/1764307408438-VidyaWiresLimited-RHP.pdf
National, November 28, 2025 ( TGN ): Vidya Wires Limited (The “Company”), shall open the Bid/Offer in relation to its initial public offer of Equity Shares on December 03, 2025.
The Price Band of the Offer has been fixed at ₹ 48 to ₹ 52 per Equity Share. (“Price Band”). Bids can be made for a minimum of 288 Equity Shares and in multiples of 288 Equity Shares thereafter.
The initial public offer comprises of Equity Shares of face value ₹ 1 per share (“Total Offer Size”) comprising of a fresh issue of up to ₹ 2,740 million [₹ 274 Crore] (“Fresh Issue”) and an offer for sale of up to 5,001,000 Equity Shares (“Offer for Sale”).
The Anchor Investor Bidding Date shall be December 02, 2025. The Bid / Offer shall open for public on December 03, 2025 and the Bid/Offer shall close on December 05, 2025.
The Company proposes to utilize the net proceeds from the Fresh Issue towards (i)Funding capital expenditure requirements for setting up new project in subsidiary viz.ALCU amounting to ₹1,400 million [₹140 crore]; (ii) Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company estimated amounting to ₹ 1,000 million [₹ 100 crore]; and general corporate purposes.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, the Designated Stock Exchange shall be BSE.
Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited, are the book running lead managers to the Offer (the “BRLMs”).
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus.
The Offer is being made in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by our Company, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), out of the 40.00% of Anchor Investor Portion 33.33% shall be reserved for domestic Mutual Funds only and 6.67% shall be reserved for life insurance companies and pension funds, subject to valid Bids being received from them at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”).
In the event of under-subscription in the category reserved for Life Insurance Companies and Pension Funds, the unallocated portion may be allocated to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 0.20 million and up to ₹ 1.00 million and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 1.00 million and under-subscription in either of these two sub-categories of Non-Institutional Category may be allocated to Bidders in the other sub-category of Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see section titled “Offer Procedure” beginning on page 421.
