Brickwork Ratings Confirms No Deviation in Utilization of IPO Proceeds for Vidya Wires Limited
Brickwork Ratings India Private Limited has issued a monitoring agency report confirming that there is no deviation in the utilization of proceeds from the Initial Public Offer (IPO) raised by Vidya Wires Limited. The report covers the First Quarter and Three Month period ended June 30, 2026.The findings confirm the integrity of the use of IPO funds against the objects stated in the issue document, according to the monitoring agency's assessment.
Overview of IPO Proceeds
The company details the breakdown of its security issuance through the Initial Public Offer (IPO). The fundraising included both Equity Shares from a Fresh Issue and shares offered for sale.| Particulars | Total Number of Securities | Price | Value as per Offer Document (Crore) | Amount Received (Crore) |
|---|---|---|---|---|
| Equity Shares-Fresh Issue | 52,692,307 | 52 | 274.00 | 300.00 |
| Equity Shares-Offer for Sale | 5,001,000 | 52 | 26.005 | 300.00 |
| Total | 57,693,307 | 300.00 | 300.00 |
Monitoring Agency Review of Investments
The monitoring report also provided insights into the investments made by the company during the reporting period. Key aspects of the investment portfolio monitored include placements in debt and equity instruments.Details regarding the investments tracked by Brickwork Ratings India Private Limited are as follows:
| Sr. No. | Type of Instrument and Name of Entity Invested In | Amount Invested (Crore) | Maturity Date | Earning (Crore) | Return on Investment (%) | Market Value as at the end of the quarter |
|---|---|---|---|---|---|---|
| 1 | ICICI Public offer (405164238) | 0.69 | - | - | - | 0.69 |
| 2 | ICICI Monitoring Account (405164278) | 0.00 | - | - | - | - |
| 3 | ICICI Bank FD- 008513037051 | 31.76 | 21-12-2026 | - | 6.35% | 31.76 |
VIDYAWIRES Stock Price Movement
Shares of Vidya Wires Limited settled on Tuesday, slipping 0.42% to close at ₹97.69. The equity traded on a volume of 1.76 million shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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