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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure through subsidiary
Funds a new manufacturing project undertaken through the company's subsidiary to expand production capacity.
Repayment of borrowings
Used to repay or prepay a portion of the company's outstanding borrowings.
General corporate purposes
-
(₹ in Crore)
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Vidya Wires Limited manufactures copper and aluminium wires used in winding and conductivity applications. Its product range includes precision engineered wires, copper strips, conductors, busbars, specialised winding wires, PV ribbons and aluminium paper covered strips, spanning more than 6,400 SKU variants across a gauge range of about 0.07 mm to 25 mm. The company primarily supplies customers in the power and transmission, general engineering and electrical segments, with its products used in end applications such as energy generation, electrical systems, electric mobility, railways and clean energy. The company traces its history to 1981, when it was incorporated as a private limited company in Gujarat, and it was converted into a public limited company in September 2024. It operates three manufacturing facilities in Gujarat with a combined installed capacity of around 19,680 tonnes per annum, and is developing an additional unit of about 18,000 tonnes per annum at Narsanda, Gujarat, which would take total installed capacity to roughly 37,680 tonnes per annum. The Rathi family, led by Shyamsundar Rathi, has been associated with the business since its founding and continues to lead the company. Within India's copper and aluminium wire industry, the company positions itself among the larger organised manufacturers, holding close to a 5.7 percent share of installed capacity as of FY25 and ranking fourth by that measure. Its growth strategy centres on expanding capacity to meet rising demand from the power transmission, general engineering and electrical sectors, in an industry that remains fragmented and includes both organised and unorganised competitors.
The company raised about Rs 90 crore from anchor investors at the issue's upper price band of Rs 52 per share, allotting close to 1.73 crore shares, representing roughly 60 percent of the QIB portion of the issue.
Source: RHP • Analysis provided for informational purposes
Last Updated: 9 July 2026, 5:30 AM
Scale in a niche wire segment
Ranks among the larger organised players in India's copper and aluminium winding wire industry, holding a mid-single-digit share of installed capacity as of FY25.
Long operating track record
Has manufactured wires for more than four decades, giving it established customer relationships and process experience in the segment.
Diversified end-use applications
Its wires and conductors serve varied end markets including power transmission, electrical equipment, electric mobility, railways and clean energy, reducing reliance on any single end use.
Broad product portfolio
Offers thousands of SKU variants across a wide gauge range, letting it serve a variety of customer specifications from its existing facilities.
Capacity expansion underway
Is nearly doubling installed capacity through a new manufacturing unit, positioning it to capture incremental demand as it comes online.
Thin operating margins
Profit margins are modest, leaving limited cushion to absorb sudden swings in raw material costs or pricing pressure from customers.
Commodity price exposure
Copper and aluminium make up the bulk of input costs, so the company has limited control over these commodity prices even though some cost pass-through exists.
Working capital intensity
The business ties up significant capital in inventory and receivables, and has reported negative operating cash flows in some recent periods.
Vidya Wires Limited
Plot No 8/1-2, GIDC, Opposite SLS Industries, Vithal Udyognagar, Anand, Gujarat, 388121
View on Maps →MUFG Intime India Private Limited
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Fragmented, competitive industry
Competes against both organised and unorganised wire manufacturers, which can limit its ability to sustain pricing power.
Execution risk on expansion
The planned capacity addition through its subsidiary involves sizeable capital spending, and delays or cost overruns could affect returns and leverage.