SBI Securities recommends Vidya Wires IPO; know what GMP is indicating
Vidya Wires Limited is launching a Rs 300 million IPO, generating market buzz with a Rs 10 GMP. SBI Securities recommends subscribing, highlighting the company's strong business model, diversified portfolio, and position as India's fourth-largest wire manufacturer.
New Delhi: Vidya Wires Limited, which manufactures wires and conductivity products, is coming up with an IPO of Rs 300 million. Due to the company's strong market presence and rapidly increasing demand, it is creating a buzz in the market. The pre-listing environment of this IPO is also looking positive, as Vidya Wires' grey market premium (GMP) has reached Rs 10. Brokerage firm SBI Securities has also recommended investing in this IPO.
Should you apply for Vidya Wires IPO?
Brokerage firm SBI Securities has issued a research note on this IPO saying that the company's business model is strong and capacity expansion can accelerate growth in the coming years. According to the brokerage, the company's diversified product portfolio, multi-industry customer base and backward integrated manufacturing make it stronger than competitors. According to SBI Securities, this IPO can be subscribed for a longer period.
Vidya Wires IPO GMP
According to Investorgain, the grey market premium (GMP) of this IPO reached Rs 10 at around 2 pm on 1 December. Based on this, it is being speculated that the expected listing of the stock at the upper price band of Rs 52 could be around Rs 62, which means a possible listing gain of about 19.23%.
Vidya Wires IPO Details
| Description | Information |
|---|---|
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Price Band | ₹48 – ₹52 per share |
| Issue Size | Around ₹300 crore |
| Fresh Issue | ₹274 crore |
| Offer for Sale | Around ₹26 crore |
| Total Shares (Upper Band) | 5,76,93,307 shares |
| Face Value | ₹1 per share |
| Listing | BSE, NSE |
Vidya Wires business
According to SBI Securities, Vidya Wires Limited established in 1981 manufactures copper and aluminum winding and conductivity wires and is the fourth largest manufacturer in the industry in India, which has a market share of 5.7%. The company has three manufacturing units located in Gujarat and has a total installed capacity of 19,680 MTPA.
The company supplies its products to 318 clients. The company exports its products to 5 continents including the US, Saudi Arabia, Canada, Australia, Singapore and Egypt. Its list of main clients includes big names like Adani Wilmer, Schneider Electric, Transformers and Rectifiers, Suzlon Energy.
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