Vidya Wires Ltd is famous for manufacturing winding and conductivity products, they have filed preliminary papers with the SEBI for an IPO, including fresh issues worth ₹320 crore and an offer-for-sale (OFS) of 1 crore equity shares by its promoters.
In the OFS process, Shyamsundar Rathi and Shailesh Rathi will each sell 50 lakh equity shares with a face value of ₹1 each share. This company is going to make a position in NSE and BSE once the process is complete.
The company has decided to use ₹140 crores of IPO to proceed with a new project named Vidya Wires’ subsidiary, ALCU. Another Rs 100 crore would be for repaying or prepaying outstanding loans. The rest of the funds will be utilized for the general purposes.
Vidya Wrires IPO lead managers’ names are IDBI Capital Markets & Securities Ltd, Pantomath Capital Advisors Pvt. While the registrar will Link Intime India Pvt. Ltd.
The primary purpose of the IPO is to acquire resources that will enhance its operational structure and help meet debt obligations.
Vidya Wires was founded in 1981 and is one of the leading firms for product manufacturers consisting of enameled copper rectangular strips, copper conductors, and many more. Over the years, this company has supplied products to up to 370 customers in various sectors, and they focused on a client base ensuring that customer satisfaction is the main for their business.
Further, they have an amazing portfolio including precision-engineered Wires, Enameled Copper Rectangular Strips, Paper Insulated Copper Conductors, Copper Busbar and Bare Copper Conductors, Specialised Winding Wires, PV Ribbon And Aluminum Paper Covered Strips, among others.
Vidya Wires manufacturing facilities hold ISO 9001:2015 (Quality Management System), ISO 45001:2018 (Occupational Health & Safety Management System), and ISO 14001:2015 (Environmental Management System) certifications, and also their products meet a range of quality standards, including those set by the Bureau of Indian Standards.
Vidya Wires IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Vidya Wires Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹912.58 | ₹890.57 | ₹19.73 |
| 2023 | ₹1011.44 | ₹986.67 | ₹21.50 |
| 2024 | ₹1186.07 | ₹1154.17 | ₹25.69 |
| Sep 2024 | ₹754.44 | ₹732.93 | ₹17.47 |
Vidya Wires IPO Valuation – FY2024
Vidya Wires IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.47% |
| Net Asset Value (NAV): | ₹7.85 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Precision Wires India Limited | 4.08 | 38.68 | 14.39 | 28.35 | 3,301.69 Cr. |
| Ram Ratna Wires Limited | 11.88 | 44.85 | 12.64 | 98.20 | 2,983.25 Cr. |
Objects of the Issue
- Funding capital expenditure requirements for setting up new project in our subsidiary viz. ALCU; and
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
- General corporate purposes.
- Repayment/ prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Private Limited
- IDBI Capital Markets & Securities Limited
