VWVidya Wires544633Routine SEBI update

IPO proceeds: no deviation or variation in utilisation for Q2 and H1 ended 30.09.2026

Vidya Wires raised INR 2740.00 Million via its IPO-Public Issue.

By ScoutQuest · Wed 4 Nov 2026, 5:40 PM IST · 2 min read

IPO Proceeds Raised

INR 2740.00 Million

Amount Utilised

INR 2577.8 Million

Amount Unutilised

INR 162.2 Million

Update at a glance

Vidya Wires has submitted its statement of deviation or variation for the second quarter and half year ended 30th September 2026. It covers the money the company raised through its initial public offer (IPO-Public Issue).

The headline answer is: no deviation, no variation. The company states that during the quarter and half year, the IPO proceeds were used in line with the objects stated in the Prospectus dated 6th December 2025.

Where the money was allocated and used

All figures below are in ₹ million, as printed in the statement. The IPO raised INR 2740.00 Million.

• New project in subsidiary ALCU Industries Private Limited (capital expenditure): allocated 1400.00, utilised 1242.50, unutilised 157.50
• Repayment/prepayment, in full or part, of outstanding borrowings: allocated 1000.00, utilised 1000.00, unutilised --
• General corporate purposes / IPO expenses: allocated 340.00, utilised 335.30, unutilised 4.70
• Total: allocated 2740.00, utilised 2577.8, unutilised 162.2

The borrowing repayment object shows full utilisation. The subsidiary capex object is the largest single unutilised balance at 157.50, and general corporate purposes / IPO expenses is left with 4.70.

Who reviewed it

• Brickwork Ratings India Private Limited is named as the monitoring agency for the issue
• The statement was reviewed by the Audit Committee at its meeting held on 04th November 2026
• The Audit Committee recorded "No Comments" and the auditors also recorded "No Comments"
• Since there was no deviation, the fields on change in terms of contract or objects and shareholder approval are marked "Not Applicable"

What this kind of statement means

A deviation or variation statement is a periodic check that money raised in an IPO is going where the prospectus said it would. "Deviation" here does not refer to the share price or to business performance; it refers only to whether the funds were used for the stated objects, or whether the objects or allocations were changed.

What a retail investor can take away

• The company reports that the stated objects of the issue were followed for the period
• Most of the money, 2577.8 out of 2740.00 (₹ million), has already been utilised
• An unutilised balance of 162.2 (₹ million) remains, largely against the capex plan for the subsidiary ALCU Industries Private Limited, which indicates spending on that object is still in progress

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev