Vidya Wires Confirms No Deviation in IPO Fund Utilization as of June 30, 2026
Vidya Wires Limited, formerly known as Vidya Wires Private Limited, has confirmed that there was no deviation or variation in the utilization of proceeds raised through its Initial Public Offering (IPO) during the first quarter and three months ending June 30, 2026. The company provided details regarding the allocation and expenditure of funds across various project objectives.The IPO, which was conducted on December 08, 2025, successfully raised INR 2740.00 Million. Vidya Wires maintained that the use of these funds adhered strictly to the objects initially stated in the prospectus. The company also listed Brickwork Ratings India Private Limited as the monitoring agency for the IPO proceeds.
The utilization status of the funds was reviewed by the Audit Committee, and the details provided cover three primary areas: capital expenditure for a subsidiary project, debt servicing, and general corporate purposes.
Financials related to the fund allocation and usage are summarized below:
| Original Object | Original Allocation (in ₹ million) | Funds Utilized (in ₹ million) | Unutilized Amount (in ₹ million) |
|---|---|---|---|
| Funding capital expenditure requirements for setting up new project in subsidiary ALCU Industries Private Limited | 1400.00 | 1098.3 | 301.70 |
| Repayment/prepayment of outstanding borrowings | 1000.00 | 1000 | - |
| General corporate purposes/IPO Expenses | 340.00 | 331 | 9.00 |
| Total | 2740.00 | 2429.30 | 310.70 |
The company reports that it utilized INR 1098.3 Million towards the capital expenditure for its subsidiary, ALCU Industries Private Limited, leaving an unutilized amount of 301.70 Million. The objective related to repaying or prepaying outstanding borrowings was fully met with utilization of INR 1000 Million. For general corporate purposes and IPO expenses, INR 331 Million was utilized out of the allocated 340 Million, leaving an unutilized amount of 9.00 Million.
Overall, Vidya Wires reported total fund usage at INR 2429.30 Million against the raised proceeds of INR 2740.00 Million.
SADBHIN Stock Price Movement
Shares of Sadbhav Infrastructure Project Limited on Tuesday slipped by 0.37% to settle at ₹2.61. The stock traded a volume of 73,943 shares during 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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