Thu Dec 04 04:10:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
Vidya Wires Raises ₹90 Crore from Anchor Investors Ahead of IPO
Mumbai, India – Vidya Wires Limited, a manufacturer of super-enamelled copper wires and related products, has successfully raised ₹90 crore from anchor investors ahead of its initial public offering (IPO). The company allotted 1,73,07,991 equity shares at ₹52 per share, including a premium of ₹51.
The anchor book attracted strong interest from institutional investors, including LIC Mutual Fund, Bandhan Mutual Fund, Bank of India MF, Alchemy, MAIQ, and Maybank Securities. Domestic mutual funds accounted for a significant 77.78% of the total anchor allocation.
Bandhan Small Cap Fund emerged as the largest anchor investor, securing 26.67% of the anchor book. Bank of India Small Cap Fund followed closely, receiving 21.11% of the anchor portion. Other participating funds include Bank of India Business Cycle Fund, several LIC MF schemes, Alchemy Emerging Leaders of Tomorrow – Series 2, MAIQ Growth Scheme – Long Only, and Maybank Securities.
Vidya Wires’ IPO is scheduled to open on December 3 and close on December 5, with a listing date of December 10. The company intends to utilize the IPO proceeds for expansion, working capital requirements, and general corporate purposes.
Disclaimer: Investment in the stock market carries risk. Investors should consult financial experts before making investment decisions.
First Piper 