Vidya Wires IPO Opens as Analysts Endorse Subscription on Strong Growth and Attractive Valuation
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CNBC TV18•03/12/2025
Vidya Wires IPO Opens as Analysts Endorse Subscription on Strong Growth and Attractive Valuation
- •Vidya Wires IPO opens today, aiming to raise ₹300 crore.
- •The company raised ₹90 crore from anchor investors including Bandhan MF, LIC MF, and Bank of India MF.
- •Swastika Investmart recommends subscribing with a medium to long-term view, noting Vidya Wires' steady growth and competitive pricing.
- •Angel One values the company at a post-issue P/E of 22.94x, considering it reasonable and assigns a 'Subscribe for Long Term' rating.
- •IPO will be open from December 3 to 5, with shares expected to list on BSE and NSE on December 10.
Why it matters: Vidya Wires IPO’s valuation and sector growth may attract strong investor interest.
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