India's Vidya Wires rises 9% on market debut

Vidya Wires

10/12/2025 05:46

** Vidya Wires VIDY.NS jumps 9% to 56.7 rupees in trading debut

** Wires maker opened flat at IPO price of 52 rupees; muted listing despite strong demand

** Co's 3 bln-rupee ($33.4 million) IPO subscribed 26.5x overall; demand led by non-institutional investors

** IPO proceeds will fund new manufacturing unit, debt repayment, general corporate purposes

($1 = 89.8500 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))