Orient Cables (India) Limited has opened its Rs. 552 crore IPO for public subscription today, September 25, 2026. The price band has been fixed at Rs. 258 to Rs. 272 per equity share, with the IPO scheduled to close on September 29. The shares are proposed to list on the NSE and BSE on October 5, 2026.
The IPO comprises a fresh issue of Rs. 320 crore and an offer for sale of Rs. 232 crore. The fresh issue will provide funds to the company, while proceeds from the OFS will go to the selling shareholders.
Orient Cables IPO Key Details
In India, Orient Cables (India) Ltd is set to go for its first-ever Initial Public Offering (IPO) in the amount of Rs. 552 crore, which includes a fresh issue of Rs. 320 crore and an Offer for Sale (OFS) of Rs. 232 crore. The price range of this IPO has been set at Rs. 258 to Rs. 272 per share, and the lot size has been set at 55 shares.
The issue date for Orient Cable (India) Ltd’s IPO is scheduled to be from September 25, 2026, to September 29, 2026. The date for allotment of the said IPO will be decided on September 30, 2026, while the listing date of the company will be on October 5, 2026.
With the upper price band of Rs. 272 per share, investors will have to make an investment of Rs. 14,960 for subscribing to one lot of 55 shares. The IPO will help investors take part in the listing of the company, and with this fresh issue, the company will get more capital. The listing gain estimates can be around 41.54%.
Where Will Orient Cables Use the IPO Money?
Of the fresh issue proceeds, around Rs. 91.50 crore has been earmarked for capital expenditure, including machinery, equipment and civil works at the company’s manufacturing facilities. Another Rs. 155.50 crore will be used for repayment or prepayment of certain outstanding borrowings. The remaining amount will be used for general corporate purposes.
The debt-reduction component is important because Orient Cables has seen its leverage increase alongside its business expansion. Reducing borrowings through the IPO could help
lower finance costs and strengthen the balance sheet, although the eventual benefit will depend on the company’s operating performance.
What Does Orient Cables Do?
Orient Cables specializes in producing networking cables and passive networking components with products that cater to use in broadband, telecommunication, data centers, renewable energy, smart buildings, security, system integration, FMEG, and automotive industries.
The product range of Orient Cables includes networking cables like CAT5, CAT5e, CAT6, and CAT6A, optical fiber cables, power cables, CCTV, and coaxial cables, instrumentation and control cables, and other passive networking equipment. Orient Cables runs manufacturing plants in India and has widened its product range in networking and specialty cables.
Orient Cables IPO Valuation
At the upper price band of Rs. 272 per share, Orient Cables is seeking a valuation of around Rs. 3,095 crore, according to IPO research.
The valuation needs to be viewed alongside the company’s earnings profile. FY26 PAT was around Rs. 53.6 crore, while revenue crossed Rs. 1,180 crore. This means investors should pay particular attention to whether future earnings growth catches up with the company’s revenue growth. The company’s recent financial performance also shows why simply looking at its 42% revenue growth may not provide the complete picture.
Investor Perspective
The case of Orient Cables’ IPO is that of high revenue growth potential along with increasing product range and capacity expansion, while the investor has to keep in mind the relatively stagnant profit growth trend, margin pressure, customer concentration, dependence on raw materials and high gearing of the company.
The Rs. 320 crore fresh issue, out of which Rs. 91.50 crore is for capital expenditure and Rs. 155.50 crore towards debt payment, is expected to improve the financials of the company. The post-listing question remains whether Orient Cables is able to translate its impressive revenue growth trend into profit and cash flow growth.
For investors who are following the IPO of the company, the important parameters to watch would be revenue growth, EBITDA margins, PAT growth, reduction in debt, working capital requirement, capacity utilization and customer concentration.