Vidya Wires Shares Debut with Modest Gains, Up Over 2%

• Vidya Wires debuted on stock exchanges with modest gains, closing over 2% higher on BSE and 1.54% on NSE.
• Shares listed at Rs 52.13 on BSE and Rs 52 on NSE, against an issue price of Rs 52.
• The company's Rs 300-crore IPO was subscribed 26.59 times, with a price range of Rs 48-52 per share.
• IPO proceeds will fund capital expenditure for new projects, debt payment, and general corporate purposes.
• Vidya Wires manufactures winding and conductivity products for critical industries such as energy and electric mobility.

Why It Matters: Vidya Wires' stock debut offers insights into new IPO market performance.