Vidya Wires Sees Stellar Market Jump Post IPO Debut

Vidya Wires saw a strong market debut with a 12% gain against its IPO issue price. The IPO, which was oversubscribed, aimed to raise funds for capital projects and debt payments. Vidya Wires is a leading manufacturer in the winding and conductivity products sector, serving various critical industries.

Shares of Vidya Wires, a premier winding and conductivity products manufacturer, made a steady market debut before spiking over 12% from its issue price of Rs 52.

Initially listed at Rs 52.13 on the BSE, the stock witnessed a significant climb to Rs 58.48, signaling strong investor confidence.

The Rs 300-crore IPO attracted a 26.59 times subscription, with proceeds earmarked for new projects, debt payment, and corporate purposes. Vidya Wires serves critical industries with its diverse product portfolio.

(With inputs from agencies.)