Orient Cables (India) IPO
Bookbuilding IPO | ₹552.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Fri, Sep 25, 2026
IPO Close
Tue, Sep 29, 2026
Price Band
₹258.00 to ₹272.00
Market Cap (Pre-IPO)
₹3,095.35 Cr
IPO Details
| IPO Date | Sep 25, 2026 to Sep 29, 2026 |
| Listing Date | Tentative: Oct 05, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹258.00 to ₹272.00 |
| Lot Size | 55 Shares (Minimum: ₹14,960.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹552.00 Crores |
| Total Shares Offered | 20,294,114 shares |
| Fresh Issue | 11,764,705 shares |
| Offer For Sale | 8,529,409 shares |
Orient Cables (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Orient Cables (India) IPO Lot Size
Investors can bid for a minimum of 55 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹194,480 |
| S-HNI (Min) | 14 | 770 | ₹209,440 |
| S-HNI (Max) | 66 | 3,630 | ₹987,360 |
| B-HNI (Min) | 67 | 3,685 | ₹1,002,320 |
Orient Cables (India) Financial Information (Restated Consolidated)
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.
| 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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.84% |
| ROCE (Return on Capital Employed) | 23.82% |
| Debt/Equity | 0.94 |
| RoNW (Return on Net Worth) | 25.84% |
| PAT Margin (Profit After Tax Margin) | 4.55% |
| EBITDA Margin | 8.23% |
| Price to Book Value | 11.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.25 | 11.52 |
| P/E (x) | 51.81 | 23.61 |
Company Overview
Orient Cables (India) Limited – Company Overview
- Incorporated in September 2005, Orient Cables (India) Limited is a manufacturer of networking cables and passive networking equipment, with nearly two decades of industry experience.
- The Company caters to industries including broadband, telecommunications, data centres, renewable energy, smart building automation and security, system integration, FMEG and automotive.
- Product Portfolio: Its products include 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 manufacturing capacity of 895,776 km.
- The Company has 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 an approximate market share of 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.
Company 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.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Orient Cables (India) IPO Peer Comparison
Orient Cables (India) peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Orient Cables (India) Limited | 5.27 | 5.27 | 23.11 | - | 25.84 | - | Consolidated |
| RR Kabel Limited | 43.53 | 43.53 | 227.61 | 54.85 | 20.83 | - | Consolidated |
| Polycab India Limited | 177.53 | 177.53 | 805.50 | 46.69 | 24.58 | - | Consolidated |
| Finolex Cables Limited | 46.67 | 46.67 | 397.93 | 26.29 | 12.33 | - | Consolidated |
| Havells India Limited | 26.95 | 26.94 | 150.95 | 42.69 | 18.97 | - | Consolidated |
| KEI Industries Limited | 96.09 | 96.02 | 697.17 | 48.99 | 14.75 | - | Consolidated |
| Paramount Communications Limited | 1.96 | 1.96 | 25.49 | 33.47 | 7.99 | - | Consolidated |
| Birla Cable Limited | 5.63 | 5.63 | 5.63 | 63.54 | 6.33 | - | Consolidated |
| Sterlite Technologies Limited | 1.15 | 1.11 | 46.46 | 708.38 | 2.63 | - | Consolidated |
Quick Info
| Sector | manufacturing and electrical/electronic equipment |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹3,095.35 Cr |
Important Dates
| IPO Open | Sep 25, 2026 |
| IPO Close | Sep 29, 2026 |
| Allotment Date | Sep 30, 2026 |
| Credit to Demat | Oct 01, 2026 |
| Listing Date | Tentative: Oct 05, 2026 |
Lead Manager(s)
IIFL Capital Services Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹552.00 crores.
- Issue Structure: The issue is a combination of a fresh issue of 1.18 crore shares aggregating to ₹320.00 crores and an offer for sale of 85.29 lakh shares aggregating to ₹232.00 crores.
- IPO Dates: The issue opens for subscription on September 25, 2026 and closes on September 29, 2026.
- Allotment Date: The allotment is expected to be finalized on September 30, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 5, 2026.
- Retail Investment Requirement: Minimum 1 lot (55 shares) amounting to approximately ₹14,960 at the upper price band.
- Issue Price Band: ₹258 to ₹272 per equity share.
- Lot Size: 55 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.