Vidya Wires IPO lists tomorrow after 26.59x oversubscription; hold advised

• Vidya Wires shares will list on stock exchanges tomorrow (Wednesday) following its Rs 300-crore IPO, which was subscribed 26.59 times.
• The IPO was priced at Rs 48-52 per share, with a grey-market premium suggesting a potential 8% listing gain.
• The company, a top 4 Indian player in enamelled copper wires, plans to nearly double its manufacturing capacity.
• An analyst recommends holding the shares for the medium to long term, citing strong growth, healthy margins, and a positive outlook.
• IPO proceeds are earmarked for capital expenditure, debt repayment, and general corporate purposes.

Why It Matters: This impacts investors considering buying, selling, or holding Vidya Wires shares.