Orient Cables (India) IPO
Updated 22 Sept 2026, 1:50 pm.
Minimum investment (Retail)
₹14,960
1 lot · 55 shares at the upper price band
Price band
₹258–272
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹552 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹258–272
- Issue size
- ₹552 Cr
- Lot size
- 55
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Allotment
- 30 Sept 2026
- Listing
- 5 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,960 (1 lot · 55 shares)
- Face value
- ₹1 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹320 Cr
- Offer for sale
- ₹232 Cr
- Listing at
- BSE, NSE
- Refunds
- 1 Oct 2026
- Shares credited
- 1 Oct 2026
- Promoter holding
- 100% before · 82.17% after
- Lead managers
- IIFL Capital Services Ltd., JM Financial Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 22 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 25 to 29 Sep, 2026 |
|---|---|
| Listing Date | Mon, Oct 5, 2026 T |
| Face Value | ₹ 1 per share |
| Price Band | ₹258 to ₹272 |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,02,94,114 shares (agg. up to ₹ 552 Cr) |
|---|---|
| Fresh Issue | 1,17,64,705 shares (agg. up to ₹ 320 Cr) |
| Offer for Sale | 85,29,409 shares of ₹ 1 (agg. up to ₹ 232 Cr) |
| Share Holding Pre Issue | 10,20,35,000 shares |
| Share Holding Post Issue | 11,37,99,705 shares |
IPO Timetable (Tentative)
- IPO Open
- Fri, Sep 25, 2026
- IPO Close
- Tue, Sep 29, 2026
- Allotment
- Wed, Sep 30, 2026
- Refund
- Thu, Oct 1, 2026
- Credit of Shares
- Thu, Oct 1, 2026
- Listing
- Mon, Oct 5, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
IPO Lot Size
| 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 | 3630 | ₹9,87,360 |
| B-HNI (Min) | 67 | 3685 | ₹10,02,320 |
Investors can bid for a minimum of 55 shares and in multiples thereof.
IPO Subscription Details
About Orient Cables (India) Ltd.
Incorporated in September 2005, Orient Cables (India) Limited is a manufacturer of networking cables and passive networking equipment. The Company has nearly two decades of experience in the networking cables and passive networking equipment industry and caters to industries including broadband, telecommunications, data centres, renewable energy, smart building automation and security, system integration, FMEG and automotive.
Its product portfolio includes CAT5, CAT5e, CAT6 and CAT6A networking cables, patch cords, CCTV and coaxial cables, instrumentation and control cables, power cables, optical fibre cables, fibre patch cords, keystone jacks, power strips and power cords. The Company also manufactures customized products based on customer requirements.
As of June 30, 2026, the Company had an installed capacity of 895,776 km. It has also expanded its product portfolio into E-beam irradiated specialty cables, solar junction boxes, tethered drone systems, cable harnesses, power cords and EV charging cables and guns. Its EV charging cables are TÜV certified.
According to the 1Lattice Report, the Company was among the top four networking cable players in India, with a market share of approximately 22.9% in Fiscal 2026, compared with approximately 16% in Fiscal 2022. The Company serves customers across telecom, broadband, data centres, renewable energy, e-mobility, FMEG, smart homes and offices, security and surveillance, railways, defence and aerospace.
As of June 30, 2026, the Company had 613 permanent employees and 1,327 contractual employees.
Competitive Strengths
Long-standing customer relationships.
Strategically located manufacturing facilities.
Presence across diverse end-user industries.
Customized product development capabilities.
Established presence in the networking cables industry.
Focus on product innovation and new product development.
Diversified portfolio of networking and specialty cable products.
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 743.19 | 580.79 | 427.19 | 293.22 |
| Total Income | 490.94 | 1,181.67 | 831.86 | 664.98 |
| Profit After Tax | 32.78 | 53.56 | 53.32 | 40.07 |
| EBITDA | 54.89 | 96.40 | 83.86 | 58.82 |
| NET Worth | 268.76 | 235.84 | 180.70 | 127.54 |
| Reserves and Surplus | 257.35 | 224.34 | 170.50 | 126.52 |
| Total Borrowing | 258.46 | 234.19 | 113.45 | 36.73 |
| Amount in ₹ Crore |
Orient Cables (India) Ltd.'s revenue increased by 42% and profit after tax (PAT) not changed between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Cables - Electricals
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|---|---|---|---|---|---|---|---|
| Lumino Industries Ltd. | Mainboard | ₹700.00 Cr | ₹82 | 12.48 | ₹110.32 | +34.54% | ₹113.36 |
| Laser Power & Infra Ltd. | Mainboard | ₹742.00 Cr | ₹214 | 16.24 | ₹262.42 | +22.63% | ₹275.95 |
| Susan Electricals India Ltd. | SME | ₹70.38 Cr | ₹127 | 10.85 | ₹195.30 | +53.78% | ₹308.95 |
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities | 91.50 |
| 2 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company | 155.50 |
| 3 | General Corporate Purposes | — |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 13.17% | 25.84% |
| ROCE | 10.36% | 23.82% |
| Debt/Equity | 0.95 | 0.94 |
| RoNW | 13.17% | 25.84% |
| PAT Margin | 6.77% | 4.55% |
| EBITDA Margin | 11.22% | 8.23% |
| NAV | 26.34 | 23.11 |
| Price to Book Value | 10.33 | 11.77 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.25 | 11.52 |
| P/E (x) | 51.81 | 23.61 |
| Market Cap at Offer Price | ₹2,775.35 Cr. | ₹3,095.35 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group100%
Post IPO
- Promoter and Promoter Group82.17%
- Public17.83%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 82.17% |
| Public | — | 17.83% |
| Total | 100% | 100% |
Company Promoters: Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust and Garima Family Trust.
Offer For Sale - Selling Shareholders
| Name | Category | Estimated Amount (₹ cr.) |
|---|---|---|
| Vipul Nagpal | Promoter | 67.20 |
| Garima Nagpal | Promoter | 15.70 |
| Vipul Family Trust | Promoter | 52.00 |
| Garima Family Trust | Promoter | 97.10 |
| Total | — | 232.00 |
*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.
Orient Cables IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Kfin Technologies Ltd.
040-79615565
orient.ipo@kfintech.com
IPO Lead Manager(s)
IIFL Capital Services Ltd.
JM Financial Ltd.
Contact Details
Orient Cables (India) Ltd. Address
House No. 8 BLK-D
Second Floor
Ashok Vihar PH-1
New Delhi, New Delhi , 110052
+91 14932 94094
compliance@orientcables.in
Orient Cables (India) IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Orient Cables IPO price band set at ₹258 to ₹272 per share; check lot size, objectives and key dates
Upstox · 22 Sept 2026
Orient Cables sets IPO price band at ₹258-272; issue opens September 25
Fortune India · 22 Sept 2026
Orient Cables fixes price band at Rs 258-272, Rs 552-crore IPO to open on September 25
Moneycontrol.com · 22 Sept 2026
Orient Cables ₹552 Crore IPO Opens September 25: Check Key Dates
Business Connect India · 22 Sept 2026
Orient Cables Powers Up Its Market Debut, ₹552-Crore IPO Set To Launch September 25
Free Press Journal · 22 Sept 2026
Orient Cables to launch ₹552-crore IPO on Sept 25
ET Telecom · 22 Sept 2026
Orient Cables India IPO price band set at Rs 258-Rs 272 per share
etnownews.com · 22 Sept 2026
Orient Cables to open Rs 552-crore IPO on September 25, listing likely on October 5
Moneycontrol.com · 21 Sept 2026
Orient Cables (India): common questions
Answered from this issue's own record.
