Vidya Wires is likely to be listed on the BSE and NSE on December 10, and it has already attracted considerable market interest even before its debut. The current grey market premium (GMP) is ₹10, indicating that the stock may list at nearly 19% above its issue price, reflecting positive investor sentiment and strong demand.
Vidya Wires Shows Electrifying Growth
Vidya Wires has witnessed nothing but constant growth, and the figures are truly electrifying! The company’s profits soared from ₹21.50 crore in FY23 to ₹25.69 crore in FY24, and then reached an astonishing ₹40.87 crore in FY25. Moreover, the first quarter of FY26 already indicates ₹12 crore in profitsthis is truly remarkable.
The company’s sales also escalated from ₹1,011.44 crore in FY23 to ₹1,186.07 crore in FY24 and then to ₹1,486.39 crore in FY25, with Q1 FY26 already accounting for ₹411.76 crore. These numbers signify consistent growth and demonstrate the company’s ability to capitalize on high demand in the electrical and winding materials industry. Investors, here’s the spark, you can almost feel the current! Vidya Wires’ IPO is set to be a thrilling opportunity.
(With Inputs)