ORIENT CABLES IPO
ORIENT CABLES is a MAINBOARD IPO with a current status of LISTED. The price band is 258 - 272. The issue opens on 25 SEP and closes on 29 SEP. The listing date is 05 OCT.
Price Band
258 - 272
Unofficial GMP
₹121
Lot Size
55 shares
Minimum Investment
₹₹14,960
ORIENT CABLES IPO GMP
The latest available GMP is ₹121. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹393.00
Estimated Gain
+44.5%
ORIENT CABLES IPO GMP History
45
23 SEP
113
24 SEP
113
25 SEP
92
28 SEP
72
29 SEP
70
29 SEP
85
30 SEP
107
01 OCT
108
02 OCT
121
05 OCT
ORIENT CABLES IPO Details
- IPO Type
- MAINBOARD
- Status
- LISTED
- Price Band
- 258 - 272
- Issue Size
- ₹552.00 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹320.00 Cr
- Offer for Sale
- ₹232.00 Cr
- Face Value
- 1
- Lot Size
- 55
- Minimum Investment
- ₹14,960
- Exchange
- BSE , NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- JM Financial Ltd.
ORIENT CABLES IPO Dates
- Open Date
- 25 SEP
- Close Date
- 29 SEP
- Allotment Date
- 30 SEP
- Refund Date
- 01 OCT
- Demat Credit Date
- 01 OCT
- Listing Date
- 05 OCT
ORIENT CABLES IPO Subscription
- QIB
- 192.68x
- NII / HNI
- 121.90x
- Retail
- 32.21x
- Employee
- --
- Total Subscription
- 97.28x
ORIENT CABLES IPO Financials
Revenue
FY2026
₹1,172.00 Cr
+42.06% vs FY2025
PAT
FY2026
₹53.56 Cr
+0.45% vs FY2025
Total Assets
FY2026
₹581.00 Cr
+36.07% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 658 | 825 | 1,172 |
| Net Profit | 40.07 | 53.32 | 53.56 |
| Total Assets | 293 | 427 | 581 |
ORIENT CABLES IPO Valuation
- Market Cap (Post IPO)
- ₹3095.35
- EPS
- 5.25
- P/E Ratio
- 51.81
- Price to Book Value
- 10.33
- ROE
- 13.17%
- ROCE
- 10.36%
- RONW
- 13.17%
- Debt / Equity
- 0.95%
- PAT Margin
- 6.77%
- EBITDA Margin
- 11.22%
- Valuation
- EXPENSIVE
ORIENT CABLES IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 55 | Retail (Min) ₹14,960 |
| Retail Maximum | 13 | 715 | ₹1,94,480 |
| Small HNI | 14 | 770 | ₹2,09,440 |
| Big HNI | 67 | 3,685 | ₹10,02,320 |
ORIENT CABLES IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
ORIENT CABLES Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 100%
- Post-IPO Promoter Holding
- 82.17%
ORIENT CABLES Company Overview
Orient Cables (India) Limited is an Indian manufacturing company primarily engaged in networking cables and passive networking equipment. The company was incorporated in 2005 and has nearly two decades of operating experience. Its products cater to industries such as broadband, telecommunications, data centres, renewable energy, smart-building automation, automotive and FMEG. The company's portfolio includes networking cables, optical fibre cables, speciality cables, power-related solutions and passive networking products. Orient Cables has expanded its manufacturing capabilities over the years to address growing demand for connectivity infrastructure. The rapid expansion of data centres, broadband networks, telecom infrastructure and digitalisation provides a sizeable addressable market for its products. Revenue from operations increased substantially in FY2026, although profit growth remained relatively flat, indicating pressure on profitability despite strong top-line expansion.
ORIENT CABLES Business Model
Orient Cables manufactures cables and related networking products used in telecommunications, broadband networks, data centres, renewable-energy infrastructure, smart buildings and other applications. The company's business involves procuring raw materials such as copper, polymers and other cable-manufacturing inputs and converting them into specialised cables and networking products at its manufacturing facilities. Its portfolio allows it to cater to multiple end-user industries instead of depending entirely on one application. Demand for its products is influenced by investment in digital infrastructure, telecom networks, data centres, broadband penetration, renewable energy and smart-building infrastructure. The company plans to use a portion of IPO proceeds to purchase machinery and equipment and undertake civil works at its manufacturing facilities, which is intended to support additional production capabilities.
ORIENT CABLES Objects of the Issue
apital expenditure towards machinery, equipment and civil works at manufacturing facilities ₹91.50 Crore Repayment/prepayment of certain outstanding borrowings ₹155.50 Crore General Corporate Purposes Balance Net Proceeds The IPO consists of a ₹320 crore Fresh Issue and approximately ₹232 crore Offer for Sale, resulting in a total issue size of approximately ₹552 crore. OFS proceeds will be received by the selling shareholders and will not be available to the company.
ORIENT CABLES Strengths
1. Strong Revenue Growth Revenue from operations increased from approximately ₹824.96 crore in FY2025 to ₹1,171.65 crore in FY2026, representing growth of approximately 42.03%. This indicates strong recent expansion in business volumes. 2. Presence in High-Growth Industries Orient Cables supplies products used in broadband, telecom, data centres, renewable energy and smart-building infrastructure. Continued investment in India's digital infrastructure can support long-term demand for these products. 3. Diversified Product Portfolio The company manufactures networking cables, optical fibre cables and other specialised cable and passive networking products. A diversified portfolio allows the company to address multiple customer requirements and end-use industries. 4. Established Operating History Orient Cables was incorporated in 2005 and has nearly two decades of experience in cable and networking-equipment manufacturing. 5. Manufacturing Expansion Part of the fresh issue proceeds will be used for capital expenditure at manufacturing facilities. Successful implementation could increase capacity and support future growth. 6. Debt Reduction Through IPO Approximately ₹155.50 crore of IPO proceeds is proposed for repayment/prepayment of borrowings. This could improve leverage and reduce future finance costs. 7. Strong Q1 FY2027 Performance For the quarter ended June 2026, the company reported sales of approximately ₹489.16 crore and PAT of approximately ₹32.78 crore, indicating strong business momentum at the beginning of FY2027.
ORIENT CABLES Risks
1. PAT Growth Significantly Lower Than Revenue Growth While FY2026 revenue increased approximately 42.03%, PAT increased only from approximately ₹53.32 crore to ₹53.56 crore, representing growth of just 0.45%. This indicates that strong revenue growth did not translate proportionately into bottom-line growth. 2. Increasing Borrowings Borrowings increased substantially: FY2024: approximately ₹36.73 crore FY2025: approximately ₹113.45 crore FY2026: approximately ₹234.19 crore This increase in debt is an important financial risk to monitor. 3. Raw Material Price Risk Cable manufacturing requires raw materials such as copper and polymers. Fluctuations in commodity prices can affect manufacturing costs and margins, particularly if the company cannot immediately pass increased costs to customers. 4. Competitive Industry The cable industry includes several established listed and unlisted manufacturers. Competition based on price, product quality, technology, distribution and customer relationships can affect margins and market share. 5. Customer Concentration Risk Dependence on significant customers can expose the company to revenue volatility if major customers reduce orders or change suppliers. 6. Capacity Expansion Risk The company plans additional capital expenditure using IPO proceeds. Delays, cost overruns or lower-than-expected utilisation of new capacity could adversely affect returns. 7. Working Capital Requirements Cable manufacturing can require substantial working capital for raw-material purchases, inventory and receivables. Rapid revenue growth may therefore increase working-capital requirements. 8. Valuation Risk At the upper IPO price of ₹272 per share, valuation multiples need to be considered against relatively flat FY2026 PAT growth, rising borrowings and execution risks associated with expansion.
ORIENT CABLES Frequently Asked Questions
What is the ORIENT CABLES IPO price band?
The ORIENT CABLES IPO price band is 258 - 272.
What is the latest ORIENT CABLES IPO GMP?
The latest available ORIENT CABLES IPO GMP in the IPOWEB database is ₹121. GMP is unofficial and does not guarantee a listing gain.
When does the ORIENT CABLES IPO open and close?
The ORIENT CABLES IPO opens on 25 SEP and closes on 29 SEP.
When is the ORIENT CABLES IPO allotment date?
The ORIENT CABLES IPO allotment date is 30 SEP.
When is the ORIENT CABLES IPO listing date?
The ORIENT CABLES IPO listing date is 05 OCT.
What is the ORIENT CABLES IPO subscription?
The latest total subscription available for the ORIENT CABLES IPO is 97.28x.