Vidya Wires IPO: Draft of one other firm deposited with SEBI, new shares price ₹ 320 crore might be issued – INA NEWS

Vidya Wires IPO: Gujarat-based winding and conductivity product maker Vidya Wires is making ready to boost cash by means of IPO. The corporate has filed draft papers with capital markets regulator SEBI. Within the IPO, there might be new fairness shares price Rs 320 crore and provide on the market of 1 crore shares by the promoters. Vidya Wires is the fourth largest producer within the copper and aluminum wire trade. The corporate was included within the yr 1981.

Its merchandise embody precision-engineered wires, enameled copper rectangular strips, paper insulated copper conductors, copper busbars, specialised winding wires, PV ribbons and aluminum paper lined strips, and so forth. They’re used for vitality era and transmission, electrical techniques, electrical motors, clear vitality techniques, electrical mobility and railways.

The corporate’s purchasers embody Adani Wilmar, Atlanta Electricals, Schneider Electrical Infrastructure, Transformers & Rectifiers (India), Electrotherm India, Hammond Energy Options, Luby Industries LLP, Suzlon Power, TMEIC Industrial Programs India and Transfix India.

How will Vidya Wires use the IPO cash?

Vidya Wires plans to increase its present capability of 19,680 million tonnes (MT) every year to 37,680 MT every year. For this, it would arrange an extra capability of 18,000 MT every year in a brand new manufacturing facility in Narsanda, Gujarat underneath its subsidiary ALCU Industries. For this, the corporate will spend Rs 140 crore from the earnings earned by issuing new shares in its IPO. Moreover, Rs 100 crore might be used to repay debt and the remaining cash might be used for basic company functions. As of December 2024, the excellent borrowings within the accounts of Vidya Wires stood at Rs 142.72 crore.

5 new IPOs will open within the week ranging from January 13, shares of 8 firms might be listed.

monetary place of the corporate

Speaking in regards to the monetary place of the corporate, the web revenue of Vidya Wires elevated by 19.5% to Rs 25.7 crore within the monetary yr 2024. Income grew 17.3% to Rs 1,186 crore. The corporate’s web revenue for the April-September 2024 interval was Rs 17.5 crore and income was Rs 754.4 crore. Pantomath Capital Advisors and IDBI Capital Markets & Securities have been appointed service provider bankers for the general public problem of Vidya Wires.