New Delhi, Dec. 3 -- The initial public offering of winding and conductivity products maker, Vidya Wires opens for subscription today (Wednesday, December 3), and closes on Friday, December 5. Vidya Wires IPO price band has been fixed in the range of Rs.48 to Rs.52 per equity share of face value of Re 1.

Vidya Wires IPO GMP today is Rs.6. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Vidya Wires is indicated at Rs.58 apiece, which is 11.54% higher than the IPO price of Rs.52.

Vidya Wires announced on Tuesday that it has garnered Rs.90 crore from anchor investors prior to the commencement of its initial public offering for public subscriptions.

According to a n...