Vidya Wires is set to list on the stock exchanges following a successful ₹300 crore initial public offering that was subscribed 26.59 times. The issue witnessed strong investor enthusiasm and was fully subscribed within hours of its opening.

The IPO is currently commanding a grey-market premium of approximately 8 percent, indicating positive listing expectations among investors.

At the issue price, Vidya Wires’ shares are valued at a price-to-earnings multiple of 27.1 times and an enterprise value-to-sales ratio of 0.7 times, both of which are at a discount compared to peer companies in the segment.

The company has outlined plans to significantly scale its operations, with an objective to double its manufacturing capacity in order to meet increasing demand for its products. This expansion is expected to support future revenue growth and strengthen its market position.

The strong subscription response reflects sustained investor interest in manufacturing and infrastructure-linked businesses, particularly those offering comparatively attractive valuations.