Orient Cables (India) Limited IPO
Open now25–29 Sep 2026
Latest update:
GMP +29.4% (₹80) · Price band ₹258–₹272 · Closes 29 Sep 2026 · Allotment 30 Sep 2026 (Confirmed) · Lists 5 Oct 2026 (Expected)
Grey-market premium is a compass, not a ruler. Across the 33 IPOs we have followed from a pre-listing quote to the real listing-day open, it pointed the right way 82% of the time, while how far it moved was unreliable. Read the issue-by-issue record.
What Orient Cables (India) Limited does
We 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.
Orient Cables (India) Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY24 | FY25 | FY26 | ||
|---|---|---|---|---|
| Sales | 658 | 825 | 1,172 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 37 | 113 | 234 |
Orient Cables (India) Limited IPO offer structure
Total: ₹552 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities: ₹92 cr
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company: ₹156 cr
- General Corporate Purposes
Orient Cables (India) Limited promoters and holding
- Vipul Nagpal: Chairman and Managing Director
- Garima Nagpal: Whole-time Director
- Vardaan Nagpal: Whole-time Director
- Vipul Family Trust: Promoter Trust
- Garima Family Trust: Promoter Trust
Orient Cables (India) Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- 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. (p.221)
- Diversified portfolio of customized products and solutions across end user industries. (p.222)
- Long standing customer relationships with marquee clientele. (p.224)
- Strategically located Manufacturing Facilities with a focus on product innovation through in-house capabilities. (p.225)
- Experienced promoters and professional management with domain knowledge. (p.227)
- Any adverse publicity or intellectual property dispute relating to the 'ORIENT' brand may adversely affect our business, results of operations, prospects and cash flows. (p.23)
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials could adversely impact our estimated costs. (p.24)
- We derive 84.00% and 76.52% of our revenue from operations from our top 10 customers as of the three months period ended June 30, 2026 and Fiscal 2026, respectively. (p.26)
- Our continued operations at two of our Manufacturing Facilities, concentrated in Rajasthan are critical to our business. (p.28)
- We have not availed any credit rating since Fiscal 2025 and the last credit ratings assigned to us was CRISIL B /Stable (Issuer not cooperating). (p.31)
Orient Cables (India) Limited peer comparison: DRHP median P/E 47.8x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| RR Kabel Limited | Rs 2,470 -0.1% | 46.0x | 10.4% | 30.0% | live |
| Polycab India Limited | Rs 8,410 +0.7% | 43.6x | 14.9% | 32.9% | live |
| Finolex Cables Limited | Rs 1,470 +0.1% | 28.1x | 14.9% | 16.2% | live |
| Havells India Limited | Rs 1,096.5 +0.8% | 42.2x | 8.1% | 21.2% | live |
| KEI Industries Limited | Rs 4,720 +2.9% | 45.3x | 13.0% | 28.8% | live |
| Paramount Communications Limited | Rs 62.31 +1.1% | 33.5x | 7.2% | 9.0% | live |
| Birla Cable Limited | Rs 362.05 -3.7% | 23.5x | 17.5% | 17.6% | live |
| Sterlite Technologies Limited | Rs 867.15 +3.4% | 183.4x | 27.0% | 4.8% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Orient Cables (India) Limited market and competition
According to the 1Lattice Report on page 176, we are one of India’s top four players in the networking cables industry with a market share of approximately 22.9% in Fiscal 2026.
Orient Cables (India) Limited outlook, as the document states it
We intend to implement several business strategies, which include further capitalizing on our position in the networking cables and optical fibre industries to take advantage of industry tailwinds. We also plan to diversify our specialized product portfolio through innovation and target high growth and emerging areas, while enhancing our geographical footprint through expansion.
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Orient Cables (India) Limited IPO: common questions
What is the Orient Cables (India) Limited IPO GMP (grey-market premium) today?
As of 25 Sep 2026 the indicative grey-market premium (GMP) for the Orient Cables (India) Limited IPO is +29.4% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 33 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 82% of the time. Never decide on GMP alone.
When does the Orient Cables (India) Limited IPO open and close?
The Orient Cables (India) Limited IPO is open from 25 Sep 2026 to 29 Sep 2026.
What is the Orient Cables (India) Limited IPO price band?
The price band is ₹258–₹272 per share.
What is the lot size and minimum investment for the Orient Cables (India) Limited IPO?
One lot is 55 shares, and a retail application must be at least one lot. That is about ₹14,960 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the Orient Cables (India) Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 30 Sep 2026, refund/unblock around 1 Oct 2026 and listing around 5 Oct 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Orient Cables (India) Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 525 mainboard IPOs that have listed on the NSE since 2003, 373 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.