Dailymirror.news,January 15th, 2025: Vidya Wires Limited, one of the largest manufacturers of winding and conductivity products for critical industries and applications, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).

The IPO will consist of a fresh issue of equity shares totaling up to Rs. 320 crore by the company (the “Fresh Issue”) and an Offer for Sale (OFS) of up to 10 million equity shares by the promoter selling shareholders (the “Offer for Sale”), each with a face value of ₹1.

The promoters of Vidya Wires Limited are Shyamsundar Rathi, Shailesh Rathi, and Shilpa Rathi.

The Offer for Sale includes up to 5 million equity shares by Shyamsundar Rathi and up to 5 million equity shares by Shailesh Rathi (the “Promoter Selling Shareholders”).

The proceeds from the IPO will be used to fund capital expenditure for a new project in the subsidiary, ALCU, as well as for repayment/prepayment of certain borrowings and for general corporate purposes.

Vidya Wires is the fourth-largest manufacturer in the industry, with a 5.9% market share of installed capacity in FY24 in India, as per the CareEdge report. The company plans to expand its manufacturing capabilities and diversify its product range to further enhance its market position.

The product portfolio includes precision-engineered wires, enameled copper rectangular strips, paper-insulated copper conductors, copper busbars, bare copper conductors, specialized winding wires, PV ribbons, and aluminum paper-covered strips, among others.

These products serve critical applications such as energy generation, electrical systems, motors, clean energy, electric mobility, and railways, known for their conductivity, durability, and thermal efficiency.

Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited are the Book Running Lead Managers for the IPO.