Vidya Wires Ltd’s Rs 300-crore IPO was fully subscribed within hours, receiving bids for 5.07 crore shares against 4.33 crore on offer. Retail investors oversubscribed 1.91 times. Proceeds will fund new projects, debt repayment, and general corporate purposes

New Delhi: The initial public offering of Vidya Wires Ltd got fully subscribed hours after opening for subscription on Wednesday. The Rs 300-crore IPO received bids for 5,07,44,160 shares against 4,33,34,009 shares on offer, translating into 1.17 times subscription, as per details available with the NSE till 12.12 hours.

Retail Individual Investors (RIIs) portion attracted 1.91 times subscription while the category for non-institutional investors got subscribed 99 per cent.

Winding and conductivity products maker Vidya Wires on Tu

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