Vidya Wires IPO garners strong retail demand as GMP rises modestly

Vidya Wires SME IPO recorded strong retail interest with an 11% GMP rise on its final bidding day, supported by EV-linked demand.

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Vidya Wires IPO garners strong retail demand as GMP rises modestly

Vidya Wires IPO garners strong retail demand as GMP rises modestly
Vidya Wires SME IPO saw its grey market premium rise 11% to ₹6 on the final bidding day of December 5. The issue, priced at ₹48–52 per share, attracted solid retail participation driven by positive sentiment in automotive wiring and EV-related components. Strong oversubscription reflects growing investor appetite for niche suppliers in the expanding EV supply chain.
Companies:
  • Vidya Wires
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  • Vidya Wires
  • IPO