Archive · 6 Oct 2026
Orient Cables Slides After 65% IPO Listing Premium
Orient Cables makes cables and equipment used to connect networks.
Its shares began trading on October 5 at prices much higher than the IPO price.
The next day, the share price fell sharply and reached its lower circuit, which is the lowest price allowed for that day.
Reports give slightly different lower-circuit prices: ₹363 and ₹364.50.
Even after the fall, the shares were still above the price paid in the IPO.
Experts said some investors may have sold to secure their quick gains.
They said investors should also watch the company’s sales, profits, orders and cash flow.
The company serves industries such as telecom, broadband and data centres.
Its IPO attracted far more bids than the number of shares offered.
Orient Cables listed on October 5 at ₹448 on the BSE and ₹450 on the NSE, about 65% above its ₹272 IPO price.
On October 6, the stock fell to its lower circuit; reports cite ₹363 on the BSE and ₹364.50 in Mumbai market coverage.
The shares remained roughly 33–34% above the IPO price, despite falling nearly 19% from the NSE listing price in one report.
Experts attributed the decline largely to investors booking profits and advised tracking growth, profitability, orders, expansion and cash flow.
The company makes networking cables and passive networking equipment; its ₹552-crore IPO was subscribed 97.28 times overall.
- Who
- Orient Cables (India), its investors, and market experts including Ravi Singh of Master Capital Services.
- What
- Orient Cables shares fell to their lower circuit the day after listing at about a 65% premium to the IPO price.
- When
- October 5 and 6; the articles do not specify the year.
- Where
- The shares listed on the NSE and BSE in India.
- Why
- Experts attributed the decline largely to investors booking profits after the strong listing gains.
Short-term price pressure
Long-term business considerations
Meaning of the sharp decline
Short-term price pressure
The reports say investors booked profits after the stock’s substantial listing gains, contributing to the next-day sell-off.
Long-term business considerations
Experts caution against judging the company only by its immediate listing performance and recommend following its business results over time.
What investors should monitor
Short-term price pressure
The rapid fall from the listing price and the lower-circuit trading highlight short-term price volatility.
Long-term business considerations
Experts recommend tracking revenue growth, profitability, order execution, expansion, margins, capacity utilisation, working capital and operating cash flow.
- IPO issue price
- ₹272 per share
- IPO size
- ₹552 crore: ₹320 crore fresh issue and ₹232 crore offer for sale
- IPO subscription
- 97.28 times overall
- Listing
- October 5; ₹448 on the BSE and ₹450 on the NSE
- Lower circuit on October 6
- Reported as ₹363 in one account and ₹364.50 in another
- Business
- B2B manufacturer of networking cables and passive networking equipment
- Market outlook cited
- Networking cables market projected to reach ₹8,450 crore by FY31; fibre-optic cables market projected to reach ₹23,310 crore by FY31
