Vidya Wires IPO allotment: Steps to check status on NSE, BSE and MUFG Intime

The initial public offering (IPO) of metal wires manufacturer Vidya Wires Ltd. closed with a strong subscription on the final day of bidding on Friday, December 5. The mainboard IPO was overall subscribed 28.53 times with bids for 115.23 crore shares against 4.03 crore shares on offer, as per the NSE data.

The IPO share allotment status is expected to be finalised on December 8, following the closure of the subscription window.

The ₹300.01-crore IPO, which opened for subscription on December 3, was booked 5.45 times by the Qualified Institutional Buyers (QIBs). The retail portion was subscribed 29.96 times, while the Non-Institutional Investors’ (NIIs) segment was booked 55.94 times.

The Vidya Wires IPO comprised a fresh issue of 5.26 crore equity shares, amounting to ₹274 crore, and an Offer-For-Sale (OFS) portion of 50 lakh shares, worth ₹26.01 crore. The IPO price band was fixed between ₹48 and ₹52 per share.

Vidya Wires Ltd. has proposed to utilise IPO proceeds for capital expenditure at subsidiary ALCU, debt repayment and general corporate purposes.

The IPO bidders can check the share allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt. Ltd.

Steps to check Vidya Wires IPO share allotment on the BSE:

Visit the IPO allotment page on the BSE website: https://bseindia.com/investors/appli_check.aspx
Select 'Equity' as the issue type
Choose ‘Vidya Wires Ltd’ from the dropdown menu for issue names

Enter your IPO application number or PAN to proceed
Click on ‘Search’ to view your share allotment details
Steps to check Vidya Wires IPO allotment on MUFG Intime India:

Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
From the dropdown menu, select ‘Vidya Wires Ltd' from the list of companies
Select any of these options: PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status
Enter the required details
Click on 'Submit' to check the allotment status
Shares of Vidya Wires are expected to be credited to the Demat accounts of successful bidders on Tuesday, December 9. Refunds will also be initiated for the non-allottees on the same day.

The winding and conductivity solutions maker’s shares are scheduled to be listed on the NSE and BSE on Wednesday, December 10.

Vidya Wires is among the largest producers of winding and conductivity products used in critical applications. The company specialises in the production of aluminium and copper wires. It caters to clients across energy generation and transmission, electrical systems, electric motors, clean energy, electric mobility and railways segments.