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IPO ·
NSE, BSE
Orient Cables (India) Ltd
Listed
Makes networking and telecom cables and passive network equipment for telecom, broadband, data-centre and renewable customers.
Issue details
Price band
₹258 – ₹272
Face value
₹1
Lot size
55 shares
Minimum investment
₹14,960
Issue size
₹552 Cr
Fresh issue
₹320 Cr
Offer for sale
₹232 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
25 Sep 2026
Closes
29 Sep 2026
UPI mandate cut-off
5:00 PM on 29 Sep 2026
Allotment
30 Sep 2026
Refunds
1 Oct 2026
Shares in demat
1 Oct 2026
Listing
5 Oct 2026
Subscription and listing
Subscription
97.28x
Listing price
₹450
Registrar
KFin Technologies Ltd
Lead manager
IIFL Capital Services, JM Financial
Subscription by category
QIB (Ex Anchor)
192.68x
NII
121.90x
bNII (> ₹10L)
129.86x
sNII (< ₹10L)
105.99x
Retail
32.21x
Total
97.28x
Total applications
37,23,021
Anchor investors
Amount raised
₹165.60 Cr
Bid date
24 Sep 2026
50% lock-in ends
29 Oct 2026
Rest lock-in ends
28 Dec 2026
Listing day
Issue price
₹272
Open
₹450.00
High
₹464.85
Low
₹405.00
Day close
₹405.00
Listing gain at open
+65.44%
Issue structure
Shares reserved per category and share of the total issue
QIB
1,01,47,056
50.00%
Anchor Investor
60,88,233
30.00%
QIB (Ex. Anchor)
40,58,823
20.00%
NII
30,44,118
15.00%
bNII > ₹10L
20,29,412
10.00%
sNII < ₹10L
10,14,706
5.00%
Retail
71,02,940
35.00%
Total
2,02,94,114
100.00%
Finaccle’s quick read
Neutral
Income up 42% in FY26 with ROE of 25.84%, but PAT was flat, debt/equity is 0.94, PAT margin is 4.55% and 42% of the ₹552 Cr issue is OFS at a P/B of 11.77.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Orient Cables (India) makes networking cables such as CAT5e to CAT6A, along with passive networking gear, optical fibre, power and control cables, and specialty products including EV charging cables and solar junction boxes. Its customers are in telecom, broadband, data centres, renewables, e-mobility, railways and defence. It holds about 22.9% of its market by FY26, has installed capacity of nearly 9 lakh km, and reported FY26 total income of about ₹1,182 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
25.84%
ROCE
23.82%
Debt / equity
0.94
PAT margin
4.55%
P/E post issue
23.61
Market cap
₹3,095.35 Cr
Use of IPO money
Capital expenditure (machinery, equipment, civil works)
₹91.50 Cr
Repayment/prepayment of borrowings
₹155.50 Cr
General corporate purposes
₹48.34 Cr
Issue expenses
₹42.53 Cr
Strengths
✓
Market share of about 22.9% in networking cables
✓
Exposure to data centres, telecom, EV and renewables
✓
Revenue up 42% in FY26
✓
Strong Q1 FY27 with PAT of ₹32.78 Cr
Risks to watch
!
FY26 PAT flat at ₹53.56 Cr despite 42% revenue growth
!
Borrowings rose from ₹36.73 Cr to ₹258.46 Cr in about two years
!
OFS is ₹232 Cr, about 42% of the issue
!
P/B of 11.77 is a full valuation
!
Thin PAT margin of 4.55% in FY26
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.