Archive · 22 Sep 2026
Orient Cables Sets ₹552-Crore IPO For September 25 Launch
Orient Cables is a company that makes networking and other specialized cables.
It plans to sell shares to the public through an IPO.
The IPO will be open from September 25 to September 29.
Each share will be priced between ₹258 and ₹272.
The company plans to raise ₹320 crore through new shares.
Existing shareholders will sell another ₹232 crore worth of shares.
The company will use its share of the money to buy machinery, improve factories and repay some loans.
Its shares are expected to begin trading on October 5.
Orient Cables has set an IPO price band of ₹258–₹272 per share.
The ₹552-crore issue will open on September 25 and close on September 29.
The offering includes a ₹320-crore fresh issue and a ₹232-crore offer for sale.
Fresh-issue proceeds will fund manufacturing expansion, debt repayment and general corporate needs.
The company manufactures networking, power and optical-fibre cables for several infrastructure sectors.
- Who
- Orient Cables (India) Limited, existing shareholders, and prospective investors.
- What
- A ₹552-crore initial public offering with a ₹258–₹272 per-share price band.
- When
- Subscription is scheduled for September 25–29; the expected market debut is October 5.
- Where
- India’s primary market; the company is based in Mumbai and operates manufacturing facilities.
- Why
- To fund manufacturing capital expenditure, repay or prepay borrowings, and support general corporate purposes; selling shareholders will receive the OFS proceeds.
- Price band
- ₹258–₹272 per share
- Total IPO size
- ₹552 crore at the upper price band
- Fresh issue
- Up to ₹320 crore
- Offer for sale
- ₹232 crore by existing shareholders
- Subscription dates
- September 25 to September 29
- Expected listing
- October 5
- IPO managers
- JM Financial and IIFL Capital Services
- Registrar
- KFin Technologies