Orient Cables Files DRHP With SEBI For ₹700 crore IPO

Delhi-based networking cables and solutions provider Orient Cables has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), to raise up to ₹700 crore via an Initial Public Offering (IPO). 

IPO Structure and Details

• Issue Size: The proposed issue is a mix of Fresh Issue of ₹320 crore and an Offer For Sale of ₹380 crore. 
• The utilisation of net proceeds from the issue is as follows -
  • QIBs: Not more than 50% of the offer 
  • Non-Institutional Bidders: Not less than 15% of the offer
  • Retail Investors: Not less than 35% of the offer
• Book-running lead managers for the IPO are IIFL Capital Services and JM Financial. 
• KFin Technologies Limited is the registrar to the offer. 
• The Company, in consultation with the Book Running Lead Managers (BRLMs), may consider undertaking a pre-IPO placement of ₹64 crore which will reduce the fresh issue size. 

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Utilisation of Funds

Orient Cables will not receive and proceeds from the OFS component. 

Funds from the fresh issue will be allocated as follows:

• ₹91.5 crore for machinery, equipment, and civil work expansion
• ₹155.5 crore towards repayment of outstanding debt
• Remaining funds for general corporate purposes

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Financial Performance

The company’s revenue from operations increased by 25.42%, from ₹657.77 crore in Fiscal 2024 to ₹824.96 crore in Fiscal 2025. Profit after tax (PAT) for FY25 stood at ₹53.29 crore, up 32.94% from ₹40.07 crore in FY24.

Company Profile

Orient cables manufactures networking cables and passive networking equipment for high-growth sectors such as broadband, telecom, data centers, renewable energy, smart building automation and security, system integration, FMCG, and automotive industries. 

Their product portfolio includes networking cables and solutions, specialty power and optical fibre cables and solutions, and other related products. The company has a market share of 22% (approx) and ranks among India’s top 5 companies in the networking cables industry. 

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