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Orient Cables IPOLISTED
Orient Cables (India) Limited is a B2B cable manufacturer offering networking, power, optical fibre and specialty cables for telecom, data centres, renewable energy and e-mobility sectors.
Listing price
₹450
Listing gain
+65.44%
Current
₹450
Listed
05 Oct 26
Opens
25 Sept 26Closes
29 Sept 26Allotment
30 Sept 26Refund
01 Oct 26Demat
01 Oct 26Listing
05 Oct 26Listed at
₹450
+65.44% on 05 Oct 26
Overview
Price band
₹258-272
Lot size
55 shares
Min. investment
₹14,960
Issue size
₹552.00 Cr
2.03 Cr shares
Fresh issue
₹320 Cr
1.18 Cr shares
Offer for sale
₹232 Cr
85.29 L shares
Face value
₹1 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Anchor Investor | 60,88,233 | 30% |
| QIB | 40,58,825 | 20% |
| NII (HNI) | 30,44,118 | 15% |
| B-HNI | 20,29,412 | 10% |
| S-HNI | 10,14,706 | 5% |
| Individual | 71,02,941 | 35% |
| Total | 2,02,94,117 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹1,94,480 |
| S-HNI (Min) | 14 | 770 | ₹2,09,440 |
| S-HNI (Max) | 66 | 3,630 | ₹9,87,360 |
| B-HNI (Min) | 67 | 3,685 | ₹10,02,320 |
Listing performance
NSE/BSE: ORIENTCABLListing gain
+65.44%
Gain per retail lot
₹9,790
Latest vs issue
—
GMP was
₹118 (+43.38%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Orient Cables Live GMP
Not enough GMP history yet to draw a trend.
Subscription
29 Sept, 05:39 pmOversubscribed 97.28 times · 38,45,284 applications
Total applications
38,45,284
Total bid amount
₹37,588 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 40,58,825 | 78,20,53,085 | 192.68x | ₹21,272 Cr |
| NII (HNI) | 30,44,118 | 37,10,91,875 | 121.90x | ₹10,094 Cr |
| B-HNI | 20,29,412 | 26,35,45,535 | 129.86x | ₹7,168 Cr |
| S-HNI | 10,14,706 | 10,75,46,340 | 105.99x | ₹2,925 Cr |
| Retail | 71,02,941 | 22,87,53,635 | 32.21x | ₹6,222 Cr |
| Total | 1,42,05,884 | 1,38,18,98,595 | 97.28x | ₹37,588 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 2,636 | 70,718 | 26.83x |
| S-HNI | 1,318 | 1,35,360 | 102.70x |
| Retail | 1,29,144 | 36,50,613 | 28.27x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 30 Jun 2026ROE
13.17%
PAT Margin
6.77%
ROCE
10.36%
EBITDA Margin
11.22%
Debt to Equity Ratio
0.95
Price to Book Value
10.33
RoNW
13.17%
Valuation vs listed peers
EPS Pre IPO
₹5.25
EPS Post IPO
₹11.52
P/E Pre IPO
51.81
P/E Post IPO
23.61
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| RR Kabel Limited | 54.85 | — | — | — |
| Polycab India Limited | 46.69 | — | — | — |
| Finolex Cables Limited | 26.29 | — | — | — |
| Havells India Limited | 42.69 | — | — | — |
| KEI Industries Limited | 48.99 | — | — | — |
| Paramount Communications Limited | 33.47 | — | — | — |
| Birla Cable Limited | 63.54 | — | — | — |
| Sterlite Technologies Limited | 708.38 | — | — | — |
Peer median P/E 47.8× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+77.7%
Profit growth FY24 → FY26
+33.7%
P/E vs peer median
23.6× vs 47.8×
- PAT margin 6.8% and ROCE 10.4%.
- Priced below its listed-peer median P/E.
- Price-to-book of 10.3× leaves little room for an earnings miss.
Strengths & risks
- Strong Market Position with ~22.9% networking cable market share.
- Diversified Products across networking, power and optical fibre cables.
- Established Customers including major telecom companies.
- High Entry Barriers due to strict quality and certification requirements.
- Growing Capacity with 895,776 km installed capacity.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure requirements of the Company towards purchase of machinery, equipment and civil works at its Manufacturing Facilities. | 91.5 |
| Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company. | 155.5 |
| General Corporate Purposes. | - |
Company & documents
Orient Cables (India) Limited is a B2B manufacturer of networking, power and optical fibre cables, serving telecom, broadband, data centres, renewable energy, e-mobility, FMEG and other industrial sectors. It also provides customised cable solutions and allied networking products.
Its portfolio includes CAT5 to CAT6A networking cables, patch cords, CCTV and coaxial cables, power and optical fibre cables, along with wire harnesses, EV charging assemblies, keystone jacks and power cords.
The company has expanded into E-Beam specialty cables, solar junction boxes, tethered drone systems and EV charging cables, targeting renewable energy, e-mobility, data centres, defence and other emerging sectors.
Orient Cables serves telecom providers, OEMs, enterprises and resellers, with exports to the UAE, Qatar, USA, Australia, New Zealand, Nepal, Singapore and the Netherlands.
As of June 30, 2026, Orient Cables had 895,776 km of installed capacity, with Networking Cables contributing 78.23% of FY2026 revenue and Specialty Power & Optical Fibre 21.37%.
As of June 30, 2026, the Company had 613 permanent employees and 1,327 contractual employees.
Registrar
Company contact
Orient Cables Ltd.
House No. 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, 110052
Phone: +91 14932 94094
Email: compliance@orientcables.in
Book running lead managers
- JM Financial Limited
- IIFL Capital Services Limited
Promoters
- Vipul Nagpal
- Garima Nagpal
- Vardaan Nagpal
- Vipul Family Trust
- Garima Family Trust