Vidya Wires IPO: 27x Subscribed, GMP Dips Pre-Listing

• Vidya Wires IPO closed on December 5, subscribed nearly 27 times its offer size.
• Non-Institutional Investors (NII) led subscriptions at nearly 52 times, followed by retail (28x) and QIBs (5x).
• The IPO aimed to raise over Rs 300 crore with a price band of Rs 48-52 per share.
• Grey Market Premium (GMP) for Vidya Wires fell significantly ahead of its listing.
• Analysts recommend 'Subscribe for long term' citing reasonable valuation and strong growth potential.

Why It Matters: It reveals investor sentiment and market dynamics for new IPOs.