Vidya Wires Ltd - IPO

Vidya Wires Ltd IPO Details

Initial public offer of 57,693,307 equity shares of face value of Re. 1/- each (Equity Shares) of Vidya Wires Limited (Company or Issuer) for cash at a price of Rs. 52 per equity share (Including a Share Premium of Rs. 51 per Equity Share) (Offer Price) aggregating to Rs. 300.01 crores (Offer) comprising a fresh issue of 52,692,307 equity shares of face value of Re. 1/- each aggregating to Rs. 274.00 crores by the company (the Fresh Issue) and an offer for sale of 5,001,000 equity shares of face value of Re. 1/- each aggregating to Rs. 26.01 crores by the promoter selling shareholders (Offer for Sale) comprising 2,500,500 equity shares of face value of Re. 1 each aggregating to Rs. 13.03 Crores by shyamsundar rathi and 2,500,500 equity shares of face value of Re. 1 each aggregating to Rs. 13.00 Crores by shailesh rathi ( Collectively, the Promotor Selling Shareholders and such equity shares, the Offered Shares ). The offer Constituted 27.13% of the post-offer paid-up share capital of the company.Price Band: Rs. 52/- for equity share of face value of Rs. 1 each.The floor price is 52 times times the face value times of the face value of the equity shares.Bids can made for a minimum of 288 equity shares and in multiples of 288 equity shares thereafter.

Objective of issue

Funding capital expenditure requirements for setting up new project in its subsidiary viz. ALCU. Repayment/Prepayment, in full or part, of all or certain outstanding borrowings availed by the company. General corporat Purposes.

Vidya Wires Ltd Contact Details

Vidya Wires Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@vidyawire.com

Website - www.vidyawire.com