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Vidya Wires has received Securities and Exchange Board of India’s (SEBI's) go ahead to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 320 crore by the company, and an offer for sale (OFS) of up to 1 crore equity shares by promoters.

The company proposes to utilise the net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and general corporate purposes. Pantomath Capital Advisors and IDBI Capital Markets & Securities are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE. 

Vidya Wires is one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications.


Peers
Company Name CMP
Waaree Energies 2347.40
Apar Industries 14389.80
Havells India 1027.60
Suzlon Energy 36.95
Siemens 3243.25
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