Overview
- By late Day 2, bids were about 7.8 times the shares on offer, with retail at 10.73x, non-institutional at 8.72x, and QIB at 1.29x, according to Business Today.
- The Rs 300.01 crore book-built offer is priced at Rs 48–52 per share, opened on December 3, closes on December 5, and targets a December 10 listing on BSE and NSE.
- Vidya Wires raised Rs 90 crore from 10 anchor investors at Rs 52 each, with allocations dominated by domestic mutual fund schemes including Bandhan, Bank of India MF and LIC MF.
- Proceeds are earmarked primarily for capital expenditure of about Rs 140 crore on a new subsidiary project, with the balance for debt repayment and general corporate purposes.
- Grey-market indications hovered around Rs 6–6.5 over the upper band, implying an unregulated expectation of roughly 11–12% upside, with allotment slated for December 8.