• IPO details: Orient Cables is raising approximately ₹552 crore through an IPO with a price band of ₹258 to ₹272, consisting of a ₹320 crore primary issue and a ₹232 crore offer for sale.
• Proceeds allocation: The ₹320 crore primary proceeds will be utilized for capital expansion of a new manufacturing plant and for debt repayment.
• Networking cable share: Networking cables represent the company's primary focus, where it holds a 22% market share and ranks among the top four industry players.
• E-beam diversification: The company is expanding into e-beam irradiated cables to address markets including solar, wind power, railways, automotive, EV charging cables, gun assemblies, navy, and defense.