Vidya Wires Limited has submitted its Monitoring Agency Report for the second quarter and half-year ended September 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms that the company has adhered to the stated objects of its Initial Public Offer. There has been no deviation in the utilization of funds raised through the IPO, as disclosed in the offer document.
Vidya Wires Reports on IPO Proceeds Utilization
Vidya Wires Limited has officially communicated its adherence to the utilisation of funds raised through its Initial Public Offer (IPO). In a submission dated November 4, 2026, the company presented the Monitoring Agency Report for the second quarter and the half-year period concluding on September 30, 2026.
Independent Monitoring Agency Confirmation
The crucial report was prepared by Brickwork Ratings India Private Limited, acting as the appointed Monitoring Agency. According to the findings presented, Vidya Wires Limited has ensured that the proceeds from the IPO have been utilised strictly in accordance with the objectives outlined in the company’s offer document. Specifically, the report states there has been no deviation in the utilisation of these funds.
Regulatory Compliance
This disclosure is made in compliance with Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has committed to hosting this disclosure on its official website, https://www.vidyawire.com/, ensuring transparency for all stakeholders.
Key Details of the IPO
The funds raised by Vidya Wires Limited through its Fresh Issue and Offer for Sale of Equity Shares aggregated to ₹300.005 Crore. The issue period for anchor investors was December 2, 2025, with the public offering opening for other investors from December 3 to December 5, 2025. The price per equity share was set at ₹52.
Details of Fund Utilization
The detailed breakdown of objects being monitored includes funding capital expenditure for a new project at its subsidiary ALCU (original cost ₹140.00 Crore), repayment of borrowings (original cost ₹100.00 Crore), general corporate purpose (original cost ₹12.296 Crore), and issue expenses (original cost ₹21.704 Crore). As of September 30, 2026, the unutilised amount for these objects was ₹15.75 Crore for the new project, ₹00.00 Crore for repayment of borrowings, -₹0.51 Crore for general corporate purpose, and ₹0.98 Crore for issue expenses, indicating no material adverse deviations. The total utilisation for general corporate purpose during the quarter ending September 30, 2026, was reported as ₹0.00 Crore.
Source: BSE
