Orient Cables (India) IPO is a mainboard book-built issue of ₹552 crore. The IPO comprises a fresh issue of 1,17,64,705 equity shares aggregating to ₹320 crore and an offer for sale of 85,29,409 equity shares aggregating to ₹232 crore at the upper price band. The IPO is scheduled to open for subscription on September 25, 2026, and close on September 29, 2026. The basis of allotment is expected on September 30, 2026, with listing scheduled for October 5, 2026 on BSE and NSE.
Orient Cables (India) IPO has a price band of ₹258 to ₹272 per share and a lot size of 55 shares. At the upper price band, the minimum retail investment is ₹14,960. The company manufactures networking cables, specialty power cables, optical fibre cables and other allied connectivity products for sectors including telecommunications, data centres, renewable energy, smart building automation, FMEG and automotive applications.
The company proposes to use ₹91.50 crore from the fresh issue for capital expenditure towards machinery, equipment and civil works at its manufacturing facilities. Another ₹155.50 crore is proposed for repayment or prepayment of certain outstanding borrowings, with the remaining proceeds intended for general corporate purposes.
Table of Contents
Orient Cables (India) IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Orient Cables (India) IPO |
| Company Name | Orient Cables (India) Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹1 per share |
| Price Band | ₹258 to ₹272 per share |
| Issue Size | ₹552 Crore |
| Fresh Issue | 1,17,64,705 Shares |
| Offer for Sale | 85,29,409 Shares |
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Anchor Investor Bidding | September 24, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refund Initiation | October 1, 2026 |
| Shares Credited to Demat Account | October 1, 2026 |
| Listing Date | October 5, 2026 |
| Listing Exchange | BSE and NSE |
| Lot Size | 55 Shares |
| Registrar | KFin Technologies Limited |
| Book Running Lead Managers | IIFL Capital Services Ltd. and JM Financial Ltd. |
Orient Cables (India) IPO is a fresh issue-cum-offer for sale. The fresh issue will provide ₹320 crore of primary capital to the company, while the ₹232 crore OFS proceeds will go to the selling shareholders. The total offer comprises approximately 2.03 crore equity shares.
Orient Cables (India) IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | September 24, 2026 |
| IPO Opening Date | September 25, 2026 |
| IPO Closing Date | September 29, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refund Initiation | October 1, 2026 |
| Shares Credited to Demat Account | October 1, 2026 |
| Listing Date | October 5, 2026 |
The anchor bidding is scheduled for September 24, followed by public bidding from September 25 to September 29, 2026. The allotment is expected to be finalised on September 30, refunds and demat credit are scheduled for October 1, and the shares are expected to list on October 5, 2026.
Orient Cables (India) IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% |
| NII | Not less than 15% |
| RII | Not less than 35% |
The IPO provides for up to 50% of the net issue to qualified institutional buyers, at least 15% to non-institutional investors and at least 35% to retail individual investors. The issue also includes an anchor investor allocation within the QIB portion.
Orient Cables (India) IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 55 | ₹14,960 |
| Retail Maximum | 715 | ₹1,94,480 |
| S-HNI Minimum | 770 | ₹2,09,440 |
The minimum application lot is 55 shares and bids can be placed in multiples of 55 shares. At the upper price band of ₹272, one retail lot requires ₹14,960. The maximum retail application of 715 shares requires ₹1,94,480, while the minimum S-HNI application of 770 shares requires ₹2,09,440.
About Orient Cables (India) Limited
Orient Cables (India) Limited was incorporated in September 2005 and has developed into a manufacturer of networking cables, passive networking equipment and other cable and connectivity solutions. The company serves sectors including broadband, telecommunications, data centres, renewable energy, smart building automation and security, system integration, FMEG and automotive applications.
The company operates across three broad product categories: networking cables and solutions; specialty power and optical fibre cables and solutions; and other allied products. Its product range includes CAT5, CAT5e, CAT6 and CAT6A cables, CCTV and coaxial cables, patch cords, optical fibre cables, power and control cables, instrumentation cables, wire and cable harnesses and EV charging-related products.
The company has manufacturing operations in Bhiwadi, Rajasthan, and also has a Bengaluru facility. Its registered office is in New Delhi and its corporate office is located in Gurugram. The company also has an upcoming manufacturing facility at Bhiwadi and an office in Dubai.
Business Operations
Orient Cables manufactures and supplies cables and connectivity products for a range of end-use industries. Its networking cable portfolio is used in broadband networks, telecom infrastructure, data centres and other communication applications.
Its specialty cable portfolio includes power, control, instrumentation and optical fibre cables. The company also manufactures allied products such as fibre patch assemblies, keystone jacks, power strips, power cords, wire harnesses and cable assemblies.
The company reported an installed cable manufacturing capacity of approximately 8.95 lakh kilometres. Its customer base spans multiple industries, reducing its dependence on a single end-use segment, although the company has disclosed concentration among certain large customers.
Orient Cables also focuses on customised cable solutions. Its capabilities include cable design, extrusion, connectivity products and manufacturing based on customer specifications. The company has quality certifications and approvals including ISO, UL, ETL and BIS for applicable products.
Industry Overview
The wires and cables industry is supported by demand from telecommunications, data centres, electricity distribution, renewable energy, construction, industrial automation, automotive applications and smart infrastructure.
The increasing deployment of data networks, broadband infrastructure, data centres and renewable energy projects creates demand for networking, optical fibre, power and specialty cables. Orient Cables operates across several of these end-use markets.
The company, however, is exposed to fluctuations in raw material prices, particularly metals and other inputs used in cable manufacturing. Changes in copper and other commodity prices can influence manufacturing costs and margins.
The business is also dependent on customer demand and industry investment cycles. A slowdown in telecom, data-centre, infrastructure or industrial spending could affect order volumes.
Business Strategy
Orient Cables’ strategy includes expanding its manufacturing capacity, increasing its product range and developing higher-value cable and connectivity solutions.
The company proposes to use ₹91.50 crore from the fresh issue for machinery, equipment and civil works at its manufacturing facilities. This investment is intended to support capacity and operational expansion.
The company is also focusing on multiple end-use sectors rather than operating exclusively in one market. Its products serve telecom, networking, renewable energy, automation, security, FMEG and automotive customers.
Debt reduction is another important part of the IPO strategy. The company proposes to use ₹155.50 crore of the fresh issue proceeds to repay or prepay certain outstanding borrowings.
Orient Cables (India) IPO Financial Information
Orient Cables reported strong revenue growth in FY2026, while profitability remained relatively stable. Revenue from operations increased by approximately 42% to ₹1,171.65 crore in FY2026 from ₹824.96 crore in FY2025. Profit after tax increased marginally to ₹53.56 crore from ₹53.32 crore. EBITDA increased to ₹96.40 crore from ₹83.86 crore.
Orient Cables (India) Financial Summary
| Particular | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Assets | ₹580.79 Cr | ₹427.19 Cr | ₹293.22 Cr |
| Total Income | ₹1,181.67 Cr | ₹831.86 Cr | ₹664.98 Cr |
| Profit After Tax | ₹53.56 Cr | ₹53.32 Cr | ₹40.07 Cr |
| EBITDA | ₹96.40 Cr | ₹83.86 Cr | ₹58.82 Cr |
| Net Worth | ₹235.84 Cr | ₹180.70 Cr | ₹127.54 Cr |
| Reserves and Surplus | ₹224.34 Cr | ₹170.50 Cr | ₹126.52 Cr |
| Total Borrowings | ₹234.19 Cr | ₹113.45 Cr | ₹36.73 Cr |
Amount in ₹ Crore.
The company’s total income increased from ₹664.98 crore in FY2024 to ₹1,181.67 crore in FY2026. Net worth also increased from ₹127.54 crore to ₹235.84 crore over the same period.
Total borrowings increased considerably from ₹36.73 crore in FY2024 to ₹234.19 crore in FY2026. The IPO therefore includes a significant debt repayment component, with ₹155.50 crore proposed to be used for repayment or prepayment of certain borrowings.
The company also reported revenue of ₹490.94 crore and PAT of ₹32.78 crore for the quarter ended June 30, 2026.
Orient Cables (India) IPO Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| ROE | 25.84% |
| ROCE | 23.82% |
| Debt/Equity | 0.94 |
| RoNW | 25.84% |
| PAT Margin | 4.55% |
| EBITDA Margin | 8.23% |
| NAV | ₹23.11 |
| Price to Book Value | 11.77 |
The FY2026 financial indicators show ROE and RoNW of 25.84%, ROCE of 23.82% and a debt-to-equity ratio of 0.94. PAT margin stood at 4.55%, while EBITDA margin was 8.23%. The NAV was ₹23.11 per share.
Based on the IPO pricing and offer-document financial information, the reported pre-issue EPS is ₹5.25 and post-issue EPS is ₹11.52, with corresponding P/E ratios of approximately 51.81x and 23.61x.
Objects of the Orient Cables (India) IPO
The company proposes to utilise the net proceeds from the fresh issue towards the following objects:
- Funding capital expenditure requirements for purchase of machinery and equipment and civil works at its manufacturing facilities.
- Repayment or prepayment, in full or in part, of certain outstanding borrowings.
- General corporate purposes.
The company has earmarked ₹91.50 crore for capital expenditure relating to machinery, equipment and civil works at its manufacturing facilities. Another ₹155.50 crore is proposed for repayment or prepayment of certain outstanding borrowings. The balance is proposed to be used for general corporate purposes.
The capital expenditure component is intended to strengthen the company’s manufacturing infrastructure. The debt repayment component would reduce borrowings and related financing obligations.
Orient Cables (India) IPO Listing Performance
| Particular | Value |
|---|---|
| Listing Exchange | BSE and NSE |
| Listing Date | October 5, 2026 |
| Issue Price | ₹272 |
| Listing Price | To Be Updated |
| Listing Gain | To Be Updated |
| Listing Gain (%) | To Be Updated |
Orient Cables (India) IPO is scheduled to list on BSE and NSE on October 5, 2026. As the shares have not yet started trading, the actual listing price and listing gain will be updated after listing.
Orient Cables (India) IPO Subscription Status
The Orient Cables (India) IPO is scheduled to open for public subscription on September 25, 2026. Therefore, live subscription figures are not available before the issue opens.
Subscription data will be updated during the bidding period for qualified institutional buyers, non-institutional investors and retail individual investors.
Orient Cables (India) IPO Subscription
| Investor Category | Subscription |
|---|---|
| QIB | To Be Updated |
| NII | To Be Updated |
| RII | To Be Updated |
| Employee Category | To Be Updated |
| Total Subscription | To Be Updated |
Subscription figures will be updated once bidding begins on September 25, 2026.
Orient Cables (India) IPO Review
Orient Cables (India) IPO is a ₹552 crore mainboard issue comprising a ₹320 crore fresh issue and a ₹232 crore offer for sale. The fresh issue provides capital to the company for manufacturing expansion and debt repayment, while the OFS proceeds will be received by the selling shareholders.
The company operates in networking cables, specialty power cables, optical fibre cables and allied connectivity products. Its customer industries include telecom, broadband, data centres, renewable energy, smart building automation, system integration, FMEG and automotive applications.
Financially, the company recorded FY2026 total income of ₹1,181.67 crore and PAT of ₹53.56 crore. EBITDA increased to ₹96.40 crore, while net worth increased to ₹235.84 crore. Total borrowings stood at ₹234.19 crore as of March 31, 2026.
The proposed use of proceeds includes ₹91.50 crore toward capital expenditure and ₹155.50 crore toward repayment or prepayment of certain borrowings. This makes capacity expansion and balance-sheet management two significant components of the IPO.
The company’s operating performance is also exposed to customer concentration. The offer documents disclose dependence on certain large customers, and the company has identified the loss or reduction of business from major customers as a risk factor.
The reported unofficial grey market premium has varied among third-party sources. One recent tracker reported GMP of around ₹34 per share, while another reported approximately ₹45. GMP is unofficial, unregulated and subject to change, so these figures should not be treated as guaranteed listing prices or returns.
Orient Cables (India) IPO Strengths
- Nearly two decades of experience in networking cables and passive networking equipment.
- Diversified product portfolio covering networking, power, optical fibre and allied connectivity products.
- Presence across telecom, broadband, data centres, renewable energy, automation, security, FMEG and automotive sectors.
- Installed cable manufacturing capacity of approximately 8.95 lakh kilometres.
- Manufacturing facilities in Bhiwadi and Bengaluru.
- Focus on customised cable and connectivity solutions.
- FY2026 revenue increased substantially compared with FY2025.
- EBITDA increased from ₹83.86 crore in FY2025 to ₹96.40 crore in FY2026.
- Net worth increased from ₹180.70 crore in FY2025 to ₹235.84 crore in FY2026.
- IPO proceeds include capital expenditure for manufacturing facilities and significant debt repayment.
Orient Cables (India) IPO Risk Factors
- The company has exposure to fluctuations in raw material prices.
- Cable manufacturing margins can be affected by changes in metal and other input costs.
- A significant portion of revenue is generated from a limited number of customers.
- Loss of a major customer or reduction in orders could affect revenue and cash flows.
- The company operates in a competitive wires and cables industry.
- Total borrowings increased substantially between FY2024 and FY2026.
- The company had total borrowings of ₹234.19 crore as of March 31, 2026.
- Manufacturing expansion requires capital expenditure and successful execution.
- Demand is linked to telecom, infrastructure, data-centre, renewable energy and industrial investment cycles.
- Changes in technology could affect demand for particular cable products.
- The company has disclosed various regulatory, legal and operational risks in its IPO documents.
- The IPO includes an offer for sale by promoter-group selling shareholders, meaning part of the issue proceeds will not accrue to the company.
Orient Cables (India) IPO Promoters
The promoters of Orient Cables (India) Limited are Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust and Garima Family Trust. The promoter and promoter-group holding is reported at 100% before the IPO and approximately 82.17% after the issue.
Orient Cables (India) IPO Promoters Details
| Promoter | Designation |
|---|---|
| Vipul Nagpal | Promoter |
| Garima Nagpal | Promoter |
| Vardaan Nagpal | Promoter |
| Vipul Family Trust | Promoter Group |
| Garima Family Trust | Promoter Group |
The promoters and promoter group currently hold the entire pre-issue share capital. Following the IPO, their combined holding is expected to reduce to approximately 82.17%.
Orient Cables (India) IPO Management Team
| Name | Designation |
|---|---|
| Vipul Nagpal | Chairman and Managing Director |
| Garima Nagpal | Whole-time Director |
| Vardaan Nagpal | Whole-time Director |
| Anil Gupta | Non-Executive Independent Director |
| Rohit Himatsingka | Non-Executive Independent Director |
| Mona Kaushik | Company Secretary and Compliance Officer |
| Rakesh Khurmi | Chief Financial Officer |
The company’s current management information identifies Vipul Nagpal as Chairman and Managing Director, Garima Nagpal and Vardaan Nagpal as Whole-time Directors, and Anil Gupta and Rohit Himatsingka as Non-Executive Independent Directors. Mona Kaushik is the Company Secretary and Compliance Officer, while the IPO documents identify Rakesh Khurmi as CFO.
Orient Cables (India) IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | KFin Technologies IPO Status |
| IPO Allotment Status | Available through the registrar’s IPO status portal |
| Email ID | [email protected] |
| Contact Number | +91 40 6716 2222 |
KFin Technologies Limited is the registrar to the Orient Cables (India) IPO and will handle IPO application processing and allotment-related services.
Orient Cables (India) IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Managers | IIFL Capital Services Ltd. and JM Financial Ltd. |
IIFL Capital Services and JM Financial are the book-running lead managers for the Orient Cables (India) IPO.
Orient Cables (India) Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Orient Cables (India) Limited |
| Registered Office | House No. 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, Delhi – 110052 |
| Website | Orient Cables official website |
| Email ID | [email protected] |
| Contact Number | +91 1493294094 |
The company’s registered office is located in Ashok Vihar, New Delhi, while its corporate office is situated at Veritas, Golf Course Road, Gurugram. The company lists Mona Kaushik as its Company Secretary and Compliance Officer for investor-related matters.
How to Check Orient Cables (India) IPO Allotment Status
Through the Registrar
- Visit the official KFin Technologies IPO status portal.
- Select Orient Cables (India) IPO from the available IPO list.
- Select the applicable search option such as PAN, Application Number or DP/Client ID.
- Enter the required details.
- Complete the verification process if requested.
- Submit the details to view the IPO allotment status.
Through the Stock Exchange
- Visit the official BSE or NSE website.
- Navigate to the IPO/allotment section.
- Select Orient Cables (India) IPO.
- Enter the required PAN or application details.
- Complete the verification process if required.
- Submit the details to check the allotment status.
Orient Cables (India) IPO Conclusion
Orient Cables (India) IPO is a ₹552 crore mainboard book-built issue comprising a ₹320 crore fresh issue and a ₹232 crore offer for sale. The price band is ₹258 to ₹272 per share, with a lot size of 55 shares. The IPO is scheduled to open on September 25 and close on September 29, 2026, with listing planned on BSE and NSE on October 5, 2026.
The company manufactures networking cables, specialty power cables, optical fibre cables and allied connectivity products and serves several growing end-use industries. Its manufacturing network and diversified product portfolio support its operations across telecom, data centres, renewable energy, automation, FMEG and automotive applications.
For FY2026, the company reported total income of ₹1,181.67 crore, PAT of ₹53.56 crore, EBITDA of ₹96.40 crore and net worth of ₹235.84 crore. Borrowings stood at ₹234.19 crore as of March 31, 2026.
The IPO proceeds are primarily intended for manufacturing-related capital expenditure and debt repayment. Investors evaluating the IPO should consider the company’s financial performance, valuation, customer concentration, raw-material price exposure, competitive environment, borrowing levels and the risks disclosed in the RHP.
Orient Cables (India) IPO FAQs
What is the Orient Cables (India) IPO?
Orient Cables (India) IPO is a mainboard book-built IPO of ₹552 crore comprising a ₹320 crore fresh issue and a ₹232 crore offer for sale.
When will the Orient Cables (India) IPO open?
The Orient Cables (India) IPO is scheduled to open for subscription on September 25, 2026.
When will the Orient Cables (India) IPO close?
The IPO is scheduled to close on September 29, 2026.
What is the Orient Cables (India) IPO price band?
The price band is ₹258 to ₹272 per equity share.
What is the Orient Cables (India) IPO lot size?
The lot size is 55 shares.
What is the minimum investment for the Orient Cables (India) IPO?
At the upper price band of ₹272, the minimum investment for one lot of 55 shares is ₹14,960.
What is the Orient Cables (India) IPO allotment date?
The basis of allotment is expected to be finalised on September 30, 2026.
What is the Orient Cables (India) IPO listing date?
The shares are scheduled to list on BSE and NSE on October 5, 2026.
Who is the registrar of the Orient Cables (India) IPO?
KFin Technologies Limited is the registrar of the Orient Cables (India) IPO.
Who are the lead managers of the Orient Cables (India) IPO?
IIFL Capital Services Ltd. and JM Financial Ltd. are the book-running lead managers of the IPO.
