Gurugram-headquartered networking cables and passive networking equipment maker Orient Cables has fixed the price band at ₹258-272 per share for its ₹552-crore IPO, which opens for public subscription on September 25. According to reports from Business Standard, the IPO comprises a fresh issue of equity shares worth ₹320 crore, while the Nagpal family will sell shares worth ₹232 crore through an offer-for-sale (OFS). The company is seeking a valuation of ₹3,095.3 crore at the upper end of the price band, with public bidding remaining open until September 29. The anchor book will open for one day on September 24, while the company filed preliminary papers with SEBI to raise ₹700 crore initially, but the final IPO size is ₹148 crore lower with the entire reduction coming from the OFS component. Investors can bid for a minimum of 55 equity shares, with subsequent bids to be made in multiples of 55 shares, making the minimum investment ₹14,960 and maximum ₹1,94,480 for retail investors.
As reported by Business Standard, Orient Cables is expected to finalise the IPO share allotment by September 30 and is likely to make its market debut on October 5. The company has reserved half of the offer for qualified institutional buyers, while 15 percent has been allocated to non-institutional investors and the remaining 35 percent to retail investors. The company filed draft red herring prospectus with SEBI in July 2025, which was subsequently cleared by the capital markets regulator in December 2025. JM Financial and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar.
According to Business Standard, the company will use ₹91.5 crore of the proceeds from the fresh issue to purchase machinery and equipment and undertake civil works at its manufacturing facilities. Further, ₹155.5 crore will be used to repay debt, against total outstanding borrowings of ₹258.4 crore as of June 2026. The remaining funds will be set aside for general corporate purposes. IIFL Capital Services and JM Financial are the merchant bankers managing the Orient Cables IPO.
On the financial front, as reported by Moneycontrol, the company recorded a profit of ₹53.6 crore for the year ended March 2026, up 0.5 percent from ₹53.3 crore in the previous year, partly impacted by subdued operating margins. Revenue grew 42 percent to ₹1,171.6 crore from ₹825 crore during the same period. EBITDA rose 15 percent to ₹96.4 crore from ₹83.8 crore, while the EBITDA margin declined to 8.22 percent from 10.16 percent. Profit for the latest quarter ended June 2026 stood at ₹32.7 crore, while revenue stood at ₹489.1 crore.
According to Business Standard, Orient Cables specialises in networking cables and passive networking equipment and caters to industries including broadband, telecom, data centres, renewable energy and smart building automation. Its product portfolio is divided into three broad segments -- networking cables and solutions; specialty power and optical fibre cables and solutions; and other allied products. The company is engaged in the manufacturing of networking, specialty power and optical fibre cables, with a capacity of 8.95 lakh km, as well as wire and cable harness assemblies and allied products such as keystone jacks, power strips and power cords, through two plants in Bhiwadi, Rajasthan. This would be the ninth company opening IPO in the current week alongside Varmora Granito, Elevate Campuses, ArMee Infotech, Adroit Industries, Swastika Infra, A-One Steels India, Moneyview, and Snapdeal parent Acevector. According to Moneycontrol, this represents a significant week for IPO activity in the Indian market.
