Vidya Wires Day 1 Highlights: Issue booked 2.89x — Check GMP and other details

Vidya Wires IPO was subscribed 2.89 times at the end of first day. The QIB segment was booked 47%, NII portion 3.42 times and the retail part 4.02 times.

Vidya Wires IPO Day 1 LIVE: On the first day of bidding, the Vidya Wires IPO has so far been subscribed over 2.30 times, as of 3:03 pm. The mainboard IPO has received 9,98,66,016 share applications, against offered 4,33,34,009.

The retail category has received 3.26 times subscription, meanwhile, NII has been subscribed over 2.50 times. QIB section subscribed 0.47 times.

Vidya Wires IPO Day 1 LIVE: On the first day of bidding, the Vidya Wires IPO has so far been subscribed over 150%, as of 12:47 pm. The mainboard IPO has received 6,34,84,080 share applications, against offered 4,33,34,009.

The retail category has received 2.19 times subscription, meanwhile, NII has been subscribed over 1.74 times. QIB section subscribed 0.47 times.

Vidya Wires IPO Day 1 LIVE: On the first day of bidding, the Vidya Wires IPO has so far been subscribed over 81%, as of 11:21 am. The mainboard IPO has received 3,57,99,552 share applications, against offered 4,33,34,009.

The retail category has received 1.38 times subscription, meanwhile, NII has been subscribed over 0.63 times. QIB section remains unsubscribed.

Vidya Wires IPO Day 1 LIVE: Anand Rathi stated that after implementation, they plan to provide approximately 18 products to both current and potential customers. The management is also focusing on high-growth areas such as electric vehicles and renewable energy, broadening its product offerings to meet the needs of these sectors while enhancing its global presence.

“Considering these aspects, the IPO seems reasonably priced and is assigned a rating of “Subscribe – Long Term,” said the brokerage.

Vidya Wires IPO Day 1 LIVE: The grey market premium (GMP) for Vidya Wires IPO is currently ₹6. Based on the upper price band and this GMP, the stock is expected to list at around ₹58 per share — about 11.54% above the issue price of ₹52.

Vidya Wires IPO Day 1 LIVE: Vidya Wires IPO is all set to open for subscription today, December 3.

Vidya Wires IPO Day 1 LIVE: Vidya Wires IPO is all set to open for subscription today, December 3.