Ahmedabad: Vidya Wires Limited shall open the Bid/Offer in relation to its initial public offer of Equity Shares on December 03, 2025. The Price Band of the Offer has been fixed at ₹48 to ₹52 per Equity Share. Bids can be made for a minimum of 288 Equity Shares and in multiples of 288 Equity Shares thereafter, an official statement said.

As per the company, the initial public offer comprises Equity Shares of face value ₹1 per share, comprising a fresh issue of up to ₹2,740 million and an offer for sale of up to 5,001,000 Equity Shares. The Anchor Investor Bidding Date shall be December 02, 2025. The Bid/Offer shall open for the public on December 03, 2025, and close on December 05, 2025.

The Company proposes to utilize the net proceeds from the Fresh Issue towards: (i) funding capital expenditure requirements for setting up a new project in the subsidiary ALCU amounting to ₹1,400 million; (ii) repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company estimated at ₹1,000 million; and general corporate purposes.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges, BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, the Designated Stock Exchange shall be BSE.

Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited are the book running lead managers to the Offer.