New Delhi, Nov. 28 -- Vidya Wires, a Gujarat-based manufacturer of winding and conductivity products, is set to launch its Rs.300-crore initial public offering (IPO), with the issue opening for subscription on December 3. The company has fixed a price band of Rs.48 to Rs.52 per equity share of face value Rs.1 each. The issue will remain open until December 5.

Vidya Wires will be the third IPO to hit the mainboard on the same day (December 5), following the public issues of Meesho and Aequs.

Vidya Wires plans to raise Rs.300 crore through its upcoming IPO, comprising a fresh equity issue of Rs.274 crore and an offer-for-sale (OFS) of Rs.26 crore. In the OFS portion, promoter shareholders Shyamsundar Rathi and Shailesh Rathi will offload ...