Orient Cables (India) IPO Details
Issue Date
25 Sep - 29 Sep'26
Price Band
₹258 - ₹272
Lot Size
55 Shares
IPO Size
₹552 Cr
Listing At
NSE,BSE
Overall Subscription
91.48x
Orient Cables (India) IPO Listing Details
Listing On
5 Oct'26
Issue Price
₹272
Listed Price
₹ 448.1
Retail Gain/Listing Gain
64.74%Increase
Schedule of Orient Cables (India) IPO
IPO Open Date
25/09/2026
IPO Close Date
29/09/2026
Basis of Allotment
30/09/2026
Refund Initiation
01/10/2026
Credit of Shares
01/10/2026
Listing on exchange
05/10/2026
Orient Cables (India) IPO Subscription Status Live
(Last updated on 29 Sep 2026 04:45 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 25-Sep-2026 | 1.34x | 0.01x | 2.35x | 3.21x |
Day 2 28-Sep-2026 | 7.23x | 0.05x | 8.31x | 14.27x |
Day 3 29-Sep-2026 | 91.48x | 182.76x | 29.1x | 115.35x |
About Orient Cables (India) IPO
The public issue of the Orient Cables (India) IPO, a Mainboard IPO, opens on Friday, September 25, 2026 and closes on Tuesday, September 29, 2026. The allotment of shares will take place on Wednesday, September 30, 2026. The listing of shares will take place on Monday, October 5, 2026. The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.
The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 1.18 crore shares aggregating to ₹320 crore. The offer for sale portion includes 0.85 crore shares aggregating to ₹232.00 crore.
Orient Cables (India) IPO’s price band is set at ₹258 to ₹272 per share. The lot size for an application is 55 shares. The minimum amount of investment required by a retail individual investor is ₹14,960 (55 shares) based on the upper price.
Orient Cables (India) is a manufacturing company with a primary focus on networking cables and passive networking equipment, operating for nearly two decades and catering to high-growth industries including broadband, telecom, data centres, renewable energy, smart building automation/ security, system integration, FMEG and automotive.
Objectives of Orient Cables (India) IPO
- Funding of capital expenditure requirements of the company towards purchase of machinery, equipment, and civil works at their manufacturing facilities.
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company.
- General corporate purposes.

Orient Cables IPO Review - ₹552 Cr IPO Opens 25-29 Sep | Apply or Avoid?
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Orient Cables (India) IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | ₹272 |
Fresh Issue | 1,17,64,705 shares (aggregating up to ₹320 crore) |
Offer for Sale | 85,29,409 shares of ₹1 (aggregating up to ₹232 crore) |
EPS Diluted (in ₹) for FY26 | 5.27 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (Retail) (Min) | 1 | 55 | ₹14,960 |
Individual investors (Retail) (Max) | 13 | 715 | ₹1,94,480 |
S-HNI (Min) | 14 | 770 | ₹2,09,440 |
S-HNI (Max) | 66 | 3630 | ₹9,87,360 |
B-HNI (Min) | 67 | 3685 | ₹10,02,320 |
Anchor Investor Allocation for Orient Cables (India) IPO
Rank | Anchor Investor | No. of Shares | Anchor Portion (%) | Amount (Cr) |
|---|---|---|---|---|
1 | Ashoka Whiteoak ICAV - Ashoka Whiteoak Emerging Markets Equity Fund | 5,14,745 | 8.45 | ₹14.00 |
2 | Motilal Oswal Manufacturing Fund | 5,14,745 | 8.45 | ₹14.00 |
3 | Sundaram Mutual Fund A/C Sundaram Small Cap Fund | 5,14,745 | 8.45 | ₹14.00 |
4 | 360 One Equity Opportunity Fund-Series 2 | 5,14,745 | 8.45 | ₹14.00 |
5 | Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Midcap Fund | 4,41,210 | 7.25 | ₹12.00 |
Note: The above table shows the top five anchor investors in the Orient Cables (India) IPO based on their percentage share of the Anchor Investor Portion.
Industry Outlook
The wires and cables industry plays a crucial role in supporting modern infrastructure across industries, enabling the seamless transmission of electricity and data across various sectors. The wires and cables market is characterised by organised and unorganised segments, particularly in developing regions like India. In India, the gap between organised and unorganised segments is marked by differences in quality, pricing, and distribution. By FY26, the organised segment accounted for 79.5% of the market, with the unorganised segment comprising 20.5%. This significant gap underscores the organised segment’s commitment to delivering reliable, certified products backed by brand warranties and customer support.
Company Information
Orient Cables (India) are a manufacturing company with a primary focus on networking cables and passive networking equipment, operating for nearly two decades and catering to high-growth industries including broadband, telecom, data centres, renewable energy, smart building automation/security, system integration, FMEG and automotive. They manufacture a diverse range of products, under the following broad segments: Networking Cables and Solutions; Specialty Power, Optical Fibre Cables and Solutions; and Other Allied Products. They provide customised products to their customers as per their requirements and specifications.
Strengths of Orient Cables (India)
- One of the leading specialty cable manufacturers for telecommunications in India, in terms of the range of products manufactured, in an industry with high entry barriers.
- Diversified portfolio of customised products and solutions across end-user industries.
- Long-standing customer relationships with marquee clientele.
- Strategically located manufacturing facilities with a focus on product innovation through in-house capabilities.
- Experienced promoters and professional management with domain knowledge.
- Strong financial performance with high balance sheet efficiency through automation.
Risks of Orient Cables (India)
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials.
- One or more of their top 10 customers (from whom they derive more than 74% of their revenue from operations) choose not to source their requirements from them or to terminate their contracts or purchase orders.
- Any disruption, breakdown or shutdown of their manufacturing facilities.
- Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the state of Rajasthan where their manufacturing facilities are currently concentrated.
- Any adverse changes in the conditions affecting the broadband wires and cables industry or the end-user industries in which their customers operate.
Orient Cables (India) Financials
Year | Year Data |
|---|---|
FY24 | 657.77 |
FY25 | 824.96 |
FY26 | 1,171.65 |
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E Ratio | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Orient Cables (India) | 1171.65 | - | 5.27 | 23.11 |
RR Kabel Limited | 9722.36 | 54.85 | 43.52 | 227.61 |
Polycab India Limited | 28883.79 | 46.69 | 176.95 | 805.50 |
Finolex Cables Limited | 6321.01 | 26.29 | 46.67 | 397.93 |
Notes: 1. The financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the annual reports, investor presentations and the audited financial results of the relevant companies for the financial year ended March 31, 2026, as available on the websites of the Stock Exchanges.
2. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the annual reports and the audited financial results of the relevant companies for the financial year ended March 31, 2026 of the respective company, as available on the websites of the Stock Exchanges.
3. For listed peers, NAV is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year.
4. P/E Ratio has been computed based on the closing market price of equity shares on NSE on September 7, 2026 divided by the Diluted EPS provided.
Anchor Investor Bidding Date
Thursday, September 24, 2026
IPO Registrar and Book Running Lead Managers
Registrar Details
KFin Technologies Limited
Email: orient.ipo@kfintech.com
Tel: 040-79615565
Book Running Lead Managers
IIFL Capital Services Limited
JM Financial Limited
Orient Cables (India) Contact Details
House No. 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, New Delhi, 110052
Email: compliance@orientcables.in
Phone: +91 14932 94094
Orient Cables (India) Business Model
The company earns its revenue as a manufacturing company with a primary focus on networking cables and passive networking equipment, catering to high-growth industries including broadband, telecom, data centres, renewable energy, smart building automation/security, system integration, FMEG and automotive.
Orient Cables (India) Growth Trajectory
As of March 31, 2026, the company’s consolidated Total Income, Profit After Tax and EBITDA stood at ₹1,181.67 crore, ₹53.56 crore and ₹96.40 crore, respectively.
On a standalone basis, Orient Cables (India)’s Total Income for FY25 was ₹831.86 crore, compared with ₹664.98 crore in FY24. Its Profit After Tax was ₹53.32 crore in FY25, compared with ₹40.07 crore in FY24, while EBITDA stood at ₹83.86 crore in FY25, compared with ₹58.82 crore in FY24.
Orient Cables (India) Market Position
Orient Cables (India) is one of India’s top four players in the networking cables industry with a market share of approximately 22.9% in Fiscal 2026.
According to the 1Lattice Report, they are one of the fastest growing players in the wires and cables industry* with a revenue CAGR of approximately 33.45% from Fiscal 2024 to Fiscal 2026.
As of 31st March, 2026, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹1181.67 crore, ₹53.56 crore, and ₹96.40 crore, respectively.
Orient Cables (India) Profit and Loss (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 1181.67 | 831.86 | 664.98 |
Profit Before Tax | 72.60 | 71.71 | 54.36 |
Profit After Tax | 53.56 | 53.32 | 40.07 |
EPS (Diluted) ₹ | 5.27 | 5.23 | 3.93 |
EBITDA | 96.40 | 83.86 | 58.82 |
Note: FY26 financial information is presented on a consolidated basis, while FY25 and FY24 financial information is presented on a standalone basis.
Orient Cables (India) Balance Sheet (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 72.60 | 71.71 | 54.36 |
Net Cash from Operating Activities | (26.64) | (9.78) | 42.18 |
Net Cash from Investing Activities | (63.57) | (59.82) | (32.69) |
Net Cash from Financing Activities | 101.66 | 63.11 | (6.10) |
Net Cash & Cash Equivalents | 12.89 | 1.45 | 7.95 |
Note: FY26 financial information is presented on a consolidated basis, while FY25 and FY24 financial information is presented on a standalone basis. () denotes negative.
How to apply for Orient Cables (India) IPO?
- Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Orient Cables (India) IPO FAQs
The Orient Cables (India) IPO opens for subscription from 25-09-2026 to 29-09-2026, with a total issue size of ₹552 Cr. The IPO price band is ₹258 to ₹272 per share with a lot size of 55. The company aims to list the shares on BSE & NSE on 05-10-2026.
The Orient Cables (India) IPO will open for subscription on 25-09-2026 and will close on 29-09-2026 for investors.
The minimum lot size for the Orient Cables (India) IPO is 55 equity shares, requiring a minimum investment of ₹14960 for retail investors applying in the IPO.
The price band of the Orient Cables (India) IPO has been fixed at ₹258 to ₹272 per equity share.
You can apply for the Orient Cables (India) IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Orient Cables (India) IPO allotment will take place on 30-09-2026.
You can check the Orient Cables (India) IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Orient Cables (India) shares will list on the stock exchanges on 05-10-2026.
You can find detailed information about the Orient Cables (India) IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Vipul Nagpal is the Chairman and Managing Director of Orient Cables (India).
Related News
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
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