Orient Cables (India) Shares List at 65% Premium on NSE
Orient Cables (India) made a strong debut on the stock exchanges on Monday, October 5, 2026, with its shares listing at a 65.44% premium to the IPO issue price on the NSE. The stock opened at ₹450 per share, against the issue price of ₹272. On the BSE, the shares began trading at ₹448.10, marking a 64.74% premium.
The ₹552 crore IPO was open for subscription from September 25 to September 29, 2026, and received strong investor interest. The issue closed with an overall subscription of 92.27 times.
Orient Cables (India) IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹552.00 crore
- Fresh Issue: Up to ₹320.00 crore
- Offer for Sale (OFS): Up to ₹232.00 crore
- Face Value: ₹1 per equity share
- Price Band: ₹258 to ₹272 per share
- Lot Size: 55 shares
- Minimum Investment Amount (Retail Investor): ₹14,960 (55 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: IIFL Capital Services Limited, JM Financial Limited
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
Orient Cables (India) IPO Overall Subscription Status
[September 29, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
182.76x |
|
Non-Institutional Investors (NIIs) |
115.63x |
|
Retail Individual Investors (RIIs) |
30.55x |
|
Total |
92.27x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding of capital expenditure requirements of the company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes.
About Orient Cables (India) Limited
Established in 2005, Orient Cables (India) Limited manufactures networking cables and passive networking equipment for sectors such as telecommunications, broadband, data centres, renewable energy, smart buildings and automotive. Its portfolio includes CAT5 to CAT6A cables, CCTV and coaxial cables, patch cords, optical fibre cables and connectivity products.
In FY26, the company expanded into wire and cable harness assemblies and EV charging gun cable assemblies, along with customised products such as keystone jacks, power strips and power cords.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,171.65 |
824.96 |
657.77 |
|
EBITDA |
96.40 |
83.86 |
58.82 |
|
Profit After Tax (PAT) |
53.81 |
53.32 |
40.10 |
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