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₹52 - 52
Vidya Wires Ltd
Capital Goods - Electrical EquipmentIPO
₹52 - 52
We are manufacturers of winding and conductivity products for a range of critical industries and applications. Our product portfolio includes precision-engineered Enameled Wires, Enameled Copper Rectangular Strips, Paper Insulated Copper Conductors, Copper Busbar and Bare Copper Conductors, Specialized Winding Wires, PV Ribbon and Aluminum Paper Covered Strips, among others. Our products are used in applications such as energy generation & transmission, electrical systems, electric motors, clean energy systems, electric mobility, railways. The listed peers of our Company are Precision Wires India Limited, Ram Ratna Wires Limited and Apar Industries Limited.
Lot288Min Invest₹14,976Face Value₹1Issue Size₹300 CrFresh Issue₹274 CrOffer for Sale₹26 CrListing Price₹52CMP₹90
Timeline
3 Dec
Bidding opens
5 Dec
Bidding closes
8 Dec
Allotment
9 Dec
Refund & demat credit
10 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹300 Cr5.77 Cr shares
Fresh Issue₹274 Cr
Offer for Sale₹26 Cr
Face Value₹1
Lot Size288 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,9761-13 lots
sNII₹2,09,664from 14 lots
bNII₹10,03,392from 67 lots
Managers & Registrar
Lead ManagerPantomath Capital Advisors Private Ltd.
Co-ManagerIDBI Capital Markets & Securities Ltd.
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrShyamsundar RathiPRMTR25,00,50013.00Shailesh RathiPRMTR25,00,50013.00Total50,01,00026.01
Shareholding
CategoryPre IPOPost IPOPromoter Group99.92%72.8%Public0.08%27.2%
Objects of the Issue
- Funding capital expenditure requirements for setting up new project in its subsidiary viz. ALCU
- Repayment/Prepayment, in full or part, of all or certain outstanding borrowings availed by the company
- General corporat Purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 1,011 | 1,182 | 1,481 | 1,840 | 1,978 |
| Operating ProfitCr | 36 | 45 | 64 | 86 | 89 |
| OPM% | 3.5 | 3.8 | 4.3 | 4.7 | 4.5 |
| PBTCr | 29 | 34 | 55 | 78 | 85 |
| PATCr | 22 | 26 | 41 | 58 | 63 |
| EPS | 1 | 2 | 3 | 3 | 3 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 4 | 4 | 16 | 21 | - |
| ReservesCr | 96 | 122 | 150 | 459 | - |
| BorrowingsCr | 97 | 110 | 146 | 85 | - |
| Fixed AssetsCr | - | - | 41 | 71 | - |
| Total AssetsCr | 209 | 248 | 331 | 606 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 38 | 2 | -17 | -9 | - |
| Investing Cash FlowCr | -6 | -4 | -8 | -148 | - |
| Financing Cash FlowCr | -32 | 2 | 25 | 182 | - |
| Net Cash FlowCr | 0 | 0 | 0 | 25 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Among the top 5 manufacturers in winding and conductivity products industry in India.
- De-risked business model with wide customer base, diversified portfolio of products and multiple end-user industries.
- Backward integration for quality control as well as sustainability initiatives.
- Our presence in strategically located region.
- Diversified customer base and with longstanding relationships with customers and suppliers.
- Continuous financial performance.
Strategies · as stated in the DRHP
- Expanding capacity through the Proposed Project, widen our product portfolio and capture additional market share.
- Focus on upcoming sectors like renewable energy and EV sectors.
- Expanding our geographical footprint.
- Continue to focus to enhance sustainability initiatives and efficiency.
- Focus on deleveraging and enhance financial flexibility.
Risks · as stated in the DRHP
- The company has been operating for over 4 decades, however, any disruption, breakdown or shutdown of its operating facilities, in future, may have a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company is one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications, its operations and performance are dependent on copper based products which constituted over 90% of the company revenues. Any adverse changes in the conditions affecting such products' market or any slowdown in demand of the said products can adversely impact its business, financial condition and results of operations.
- While the company has longstanding relations with several of its customers and suppliers, it does not have long term agreements for supply of products or raw material with most of them. Failures to successfully continue its supplier /customer relationships could adversely affect the company.
- The company is dependent on its top 5 suppliers for most of its raw material supplies. Any dispute with such supplier may lead to interruption in the company supplies of raw materials.
- While its revenues are growing pan-India across 20 states/union territories, however, the company revenue is concentrated in western India. Any slowdown in these states may impact its business.
- While the company supply to various end-user industries, a significant part of its revenues comes from supplies to power & transmission, general engineering and electrical sector. Any slowdown in these sectors may impact its business.