Vidya Wires Confirms No Deviation in IPO Fund Utilization as of June Quarter End
Vidya Wires Limited, formerly known as Vidya Wires Private Limited, has confirmed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) during the first quarter and three months' period ended on June 30, 2026. The statement reflects the company’s adherence to the original objects outlined in the IPO prospectus.The IPO was conducted by Vidya Wires Limited on December 08, 2025, raising a total of INR 2740.00 Million. The utilization of these proceeds has been reviewed and reported against the approved objectives for the specified quarter.
Fund Allocation Summary
The funds raised from the IPO were allocated across three primary areas: funding capital expenditure requirements for setting up a new project in its subsidiary, repayment of outstanding borrowings, and general corporate purposes/IPO expenses. The company confirmed that there was no deviation in the use of these proceeds.A breakdown of the fund allocation during the reporting period is provided below:
| Allocation Area | Original Allocation (in ₹ million) | Funds Utilized (in ₹ million) | Un Utilized Amount (in ₹ million) |
|---|---|---|---|
| Funding Capital Expenditure for ALCU Industries Private Limited | 1400.00 | 1098.3 | 301.70 |
| Repayment/Prepayment of Borrowings | 1000.00 | 1000.00 | -- |
| General Corporate Purposes/IPO Expenses | 340.00 | 331.0 | 9.00 |
| Total | 2740.00 | 2429.30 | 310.70 |
Financial Utilization Details
The utilization of the IPO proceeds shows that the repayment of outstanding borrowings was fully utilized, with all ₹1000.00 Million allocated being applied to this purpose.For capital expenditure requirements for its subsidiary, ALCU Industries Private Limited, an allocation of ₹1400.00 Million was made, and ₹1098.3 Million was utilized, leaving an unutilized amount of ₹301.70 Million. Similarly, out of the general corporate purposes and IPO expenses allocated at ₹340.00 Million, ₹331 Million has been utilized, resulting in 9.00 Million remaining for this purpose.
In total, Vidya Wires Limited utilized ₹2429.30 Million against the IPO proceeds, with a combined unutilized amount of ₹310.70 Million across the three categories.
VIDYAWIRES Stock Price Movement
Shares of Vidya Wires Limited on Tuesday slipped by 0.42%, settling at ₹97.69 as the equity traded concluded. The stock accounted for a volume of 1.76 million 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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