India's Vidya Wires rises 9% on market debut
10/12/2025 05:46
** Vidya Wires VIDY.NS jumps 9% to 56.7 rupees in trading debut ** Wires maker opened flat at IPO price of 52 rupees; muted listing despite strong demand ** Co's 3 bln-rupee ($33.4 million) IPO subscribed 26.5x overall; demand led by non-institutional investors ** IPO proceeds will fund new manufacturing unit, debt repayment, general corporate purposes ($1 = 89.8500 Indian rupees) (Reporting by Rudra Pratap Singh in Bengaluru) ((rudrapratap.singh@thomsonreuters.com))
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