Vidya Wires IPO GMP, Review, Price, Date & IPO Details

Vidya-Wires-IPO-GMP-Review-Price-Date-IPO-Details.
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OUR BUSINESS

Our company incorporated December 11,1981 We are one of the largest manufacturers of winding and conductivity products for a range of critical industries
and applications.

Our product portfolio includes 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.

Our products are used in varied critical :- applications such as energy generation & transmission, electrical systems, electric motors, clean energy systems, electric mobility, railways.

Used for conductivity, durability, and thermal efficiency, our products are integral to high-performance applications where reliability is crucial.

Our sales composition based on end-user industries is as under

  • Power & Transmission
  • General Engineering
  • Electrical
  • Renewables
  • EV and Automotive
  • Consumer durables

We are 4 th largest manufacturers in our industry with a 5.9% market share of installed capacity in our industry in FY24 in India

With plans to expand manufacturing capabilities and further diversify our product range, the Company seeks to enhance its market position.

we have expanded our business, scale of operations and delivered variety of products, creating our position in the winding and conductivity products.

we have made investment, in our manufacturing facilities to expand our installed capacity up to a current level of 19,680 MT per annum.

Further, we propose to increase installed capacity to 37,680 MT per annum by installing additional 18,000 MTPA in our new manufacturing unit at Narsanda, Taluka Nadiad– 387345, Gujarat, India .

We are pre-approved suppliers with Power Grid Corporation of India Limited.

We are a UL approved company which enables us to export enameled copper/aluminium wire (also known as magnet wire) to United States of America.

We manufacture over 6,400 SKUs of winding and conductivity products, with sizes ranging from as thin as 0.07 mm to as thick as 25 mm.

Through our Proposed Project, we intend to add new products like Copper Foils, Copper Components, Continuously Transposed Copper Conductors, PV Round Ribbon, Solar Cables, Multi Paper Covered Copper Conductors, Enameled Aluminium Winding Wires, Enameled Aluminium Rectangular Strips in
our current product portfolio.

Our Customers :- including Adani Wilmar Limited, Atlanta Electricals Limited, Schneider Electric Infrastructure Limited, Transformers & Rectifiers (India)
Limited, Electrotherm India Limited, Hammond Power Solution Private Limited, Lubi Industries LLP, Suzlon Energy Limited, TMEIC Industrial Systems India Private Limited and Transfix India Private Limited

OBJECTS OF THE OFFER

  • Funding capital expenditure requirements for setting up new project in our subsidiary viz. ALCU.
  • Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company.
  • General corporate purposes.

Qualitative Factors

  • Among the top 5 manufacturers in winding and conductivity products industry in India.
  • De-risked business model with wide customer base, diversified portfolio of products and multiple end-user industries.
  • Backward integration for quality control as well as sustainability initiatives.
  • Our presence in strategically located region.
  • Diversified customer base and with longstanding relationships with customers and suppliers.
  • Continuous financial performance.
  • Experienced professional management team.

Comparison of accounting ratios with Listed Industry Peers

  • Precision Wires India Limited.
  • Ram Ratna Wires Limited.

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