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₹258 - 272Day cells show that day's addition; Now is the running total. Amounts at the upper price band.
Orient Cables (India) Ltd
CablesIPO
₹258 - 272
We are a manufacturing company with our 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 automotives. We manufacture a diverse range of products which are customized to the specifications of our customers, under the following broad segments (i) Networking Cables and Solutions; (ii) Specialty Power, Optical Fibre Cable and Solutions; and (iii) Other Allied Products. We focus on continuous customization in our existing products and are venturing into new products including E-Beam Irradiated Specialty Cables, Solar Junction Box, Tethered Drone Systems and Harnesses and power cords, which have wide applications in various high growth sectors.
Lot55Min Invest₹14,960Face Value₹1Issue Size₹552 CrFresh Issue₹320 CrOffer for Sale₹232 CrListing Price₹450CMP₹385
Timeline
25 Sept
Bidding opens
29 Sept
Bidding closes
30 Sept
Allotment
1 Oct
Refund & demat credit
5 Oct
Listing
Subscription · As of 7:58 PM, 29 Sept
Demand by day
CategoryDay 1Day 4Day 5Now+0.01x+0.04x+182.71x182.8x+3.48x+13.89x+98.26x115.6x+2.43x+6.73x+21.39x30.5xOverall+1.96x+6.36x+83.95x92.3x
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB182.8x96.25 L175.90 Cr47,846.12NII115.6x28.87 L33.39 Cr9,081.38Retail30.5x67.37 L20.58 Cr5,598.08Total92.3x2.03 Cr187.25 Cr50,933.04
Reports
Offer Details
Terms
Issue Size₹552 Cr2.03 Cr shares
Fresh Issue₹320 Cr
Offer for Sale₹232 Cr
Face Value₹1
Lot Size55 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,9601-13 lots
sNII₹2,09,440from 14 lots
bNII₹10,02,320from 67 lots
Managers & Registrar
Lead ManagerIIFL Capital Services Limited
Co-ManagerJM Financial Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrVipul NagpalPRMTR24,70,58867.20Garima NagpalPRMTR5,77,20515.70Vipul Family TrustPRMTR19,11,76452.00Garima Family TrustPRMTR35,69,85297.10Total85,29,409232.00
Shareholding
CategoryPre IPOPost IPOPromoter Group98.38%80.71%Public1.62%19.29%
Objects of the Issue
- Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
- General Corporate Purposes
Anchor Book
Bid Date24-Sep-2026Bid Price₹272Shares60,88,233Amount₹166 CrMutual Funds67.64% of the book30-day lock-in29-Oct-202690-day lock-in28-Dec-2026
Financials
Profit & Loss
| Financial Year | FY26 |
|---|---|
| RevenueCr | 1,172 |
| Operating ProfitCr | 96 |
| OPM% | 8.2 |
| PBTCr | 73 |
| PATCr | 54 |
| EPS | 5 |
Balance Sheet
| Financial Year | FY26 |
|---|---|
| Equity CapitalCr | 10 |
| ReservesCr | 226 |
| BorrowingsCr | 235 |
| Total AssetsCr | 581 |
Cash Flow
| Financial Year | FY26 |
|---|---|
| Operating Cash FlowCr | -27 |
| Investing Cash FlowCr | -64 |
| Financing Cash FlowCr | 102 |
| Net Cash FlowCr | 11 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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 customized 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.
Strategies · as stated in the DRHP
- Further capitalize on our position in the networking cables and optical fibre industries to take advantage of strong industry tailwinds.
- Diversifying our specialized product portfolio through innovation and targeting high growth and emerging areas in the future.
- Enhance our geographical footprint through expansion.
- Capacity expansion and enhancing operational efficiency.
Risks · as stated in the DRHP
- The company's brand and reputation are important to its business. Any adverse publicity or intellectual property dispute relating to the "ORIENT" brand may adversely affect the company's business, results of operations, prospects and cash flows.
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials, of which over 74.91% and 69.71% were sourced from the company's top 10 suppliers in the three months period ended June 30, 2026 and Fiscal 2026, respectively, could adversely impact its estimated costs, project timelines, and expenditures, and may have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company derives 84.00% and 76.52% of its revenue from operations from the company's top 10 customers as of the three months period ended June 30, 2026 and Fiscal 2026, respectively. If one or more of such customers choose not to source their requirements from the company or to terminate its contracts or purchase orders, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- The company is subject to strict quality requirements and any product defect issues or failures by the company or its raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or warranty and exposure to potential product liability claims.
- The company's continued operations at two of its Manufacturing Facilities, concentrated in Rajasthan are critical to the company's business and any disruption, breakdown or shutdown of its manufacturing facilities or any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Rajasthan may have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- Any underutilization of the company's manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.