Orient Cables (India) IPO 2026: Date, Price Band, GMP and Details
Dates, price band, lot size, financials and full details of the Orient Cables (India) Limited IPO, sourced from the company's Red Herring Prospectus (RHP).
Orient Cables IPO at a glance
| Detail | Value |
| IPO Dates | 25 to 29 Sep 2026 |
| Price Band | ₹258 to ₹272 |
| Issue Size | ₹552 crore |
| Lot Size | 55 shares |
| Minimum Investment | ₹14,960 |
| Listing Date | 5 Oct 2026 |
Orient Cables (India) Limited is bringing a Book Built Mainboard IPO worth ₹552 crore. It is a mix of a fresh issue of shares worth ₹320 crore and an Offer for Sale (OFS) worth ₹232 crore. The IPO is open from 25 September to 29 September 2026 and is proposed to list on the BSE and the NSE.
Orient Cables (India) IPO Details
| Particulars | Details |
| IPO Type | Book Built Mainboard IPO |
| Total Issue Size | ₹552 crore (approximately 2,02,94,118 shares) |
| Fresh Issue | ₹320 crore (1,17,64,706 shares) |
| Offer for Sale (OFS) | ₹232 crore (85,29,412 shares by the promoters) |
| Price Band | ₹258 to ₹272 per share |
| Face Value | ₹1 per share |
| Lot Size | 55 shares |
| Minimum Retail Investment | ₹14,960 (1 lot, at upper price band) |
| Listing On | BSE and NSE |
| Lead Managers | IIFL Capital Services, JM Financial |
| Registrar | KFin Technologies Limited |
Orient Cables (India) IPO Timelines
| Event | Date |
| Anchor Investor Bidding | 24 September 2026 |
| IPO Opens | 25 September 2026 |
| IPO Closes | 29 September 2026 |
| Allotment | 30 September 2026 |
| Refund Initiation | 1 October 2026 |
| Credit of Shares to Demat | 1 October 2026 |
| Listing Date | 5 October 2026 |
Dates are tentative and may change.
Orient Cables (India) IPO GMP
GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).
About Orient Cables (India) Limited
Originally incorporated as Orinet Cables (India) Private Limited in September 2005 (later renamed Orient Cables (India) Private Limited, and Orient Cables (India) Limited in December 2024), Orient Cables (India) Limited is a manufacturer of networking cables and passive networking equipment, with nearly two decades of operating experience.
Its product portfolio spans three broad segments: speciality power and optical fibre cables and solutions; networking cables and solutions; and other allied products. This includes networking cables (CAT5 to CAT6A), optical fibre, coaxial and instrumentation cables, and newer products such as EV charging cables and solar junction boxes. It serves industries including broadband, data centres, renewable energy, telecom, and smart building automation. As of 30 June 2026, it had an installed capacity of 895,776 kilometres of cables across its manufacturing facilities at Bhiwadi, Rajasthan.
The company's promoters are Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust, and Garima Family Trust.
What are the Key Strengths of Orient Cables (India) (as stated in the RHP)
- One of the leading specialty cable manufacturers for telecommunications in India, in terms of the range of products offered.
- Diversified portfolio of customised products and solutions across end-user industries.
- Long-standing customer relationships with marquee clientele.
- Strategically located manufacturing facilities, with a focus on product innovation through in-house capabilities.
- Experienced promoters and professional management with domain knowledge.
What the Money Will Be Used For
The IPO is a fresh issue of ₹320 crore and an Offer for Sale (OFS) of ₹232 crore. The OFS money goes to the promoter selling shareholders. The company will use the money from the fresh issue for the following:
| Object of the Issue | Amount |
| Capital expenditure for purchase of machinery, equipment, and civil works at its manufacturing facilities | ₹91.50 crore |
| Repayment or prepayment of certain outstanding borrowings | ₹155.50 crore |
| General corporate purposes | Balance amount |
What are the Company Financials of Orient Cables (India)
Restated consolidated figures, in ₹ crore.
| Particulars | FY 2026 | FY 2025 | FY 2024 | 2-Yr CAGR |
| Total Income | 1,181.67 | 831.86 | 664.98 | 33.30% |
| Profit After Tax (PAT) | 53.81 | 53.32 | 40.07 | 15.89% |
| EBITDA | 96.40 | 83.86 | 58.82 | 28.01% |
| Net Worth | 235.84 | 180.70 | 127.54 | 35.98% |
| Total Borrowing | 234.19 | 113.45 | 36.73 | 152.50% |
2-Yr CAGR is calculated from FY 2024 to FY 2026. Revenue grew strongly, but profit was almost flat between FY 2025 (₹53.32 crore) and FY 2026 (₹53.81 crore) even as revenue rose about 42%, so margins compressed and the return on net worth fell (from 37.26% in FY 2024 to 25.84% in FY 2026). Total borrowings rose sharply, about 6.4 times over the two years, as the business expanded.
Who Can Apply
The offer is split across investor categories as follows:
| Category | Share of the Net Offer |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not less than 15% |
| Retail Individual Investors (RII) | Not less than 35% |
How to Apply for the Orient Cables (India) IPO
You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.
- Log in to your broker app or your bank's net banking.
- Open the IPO section and select Orient Cables (India) IPO.
- Enter the number of lots and your bid price, or select the cut-off price.
- Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
- Submit the application form.
- Approve the mandate request in your UPI app to block the funds until allotment.
How to Check Allotment Status
The basis of allotment is expected to be finalised on 30 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.
- On the registrar's website, KFin Technologies, at the IPO status page.
- On the BSE or NSE website under the IPO allotment section.
- Inside your broker app, under orders or IPO history.
Key Risk Factors
The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.
- It derives a large portion of its revenue from its top 10 customers (76.52% of revenue from operations in FY 2026).
- Its business is heavily dependent on networking cables and the performance of the end-user industries it serves.
- Its raw material costs, particularly copper, are subject to price volatility, which may affect its margins and working capital.
- A member of its promoter group, the sister of one of its promoters, has been disclosed in the Reserve Bank of India's list of wilful defaulters.
- Its return on net worth has declined, from 37.26% in FY 2024 to 34.60% in FY 2025 to 25.84% in FY 2026.
- Any underutilisation of its manufacturing capacities could adversely affect its business, and it is expanding capacity despite existing underutilisation of certain products.
- It had negative cash flows from operating and investing activities in the three months ended 30 June 2026.
- Its business depends on the timely availability of working capital, and delays in collecting receivables may affect its operations.
- It has not registered certain logos that it uses for some of its business activities.
- It faces significant competitive pressure in its business.
Frequently Asked Questions (FAQs)
1. When does the Orient Cables (India) IPO open and close?
The IPO opens on 25 September 2026 and closes on 29 September 2026.
2. What is the price band of the IPO?
The price band is ₹258 to ₹272 per share.
3. What is the lot size?
One lot is 55 shares. Applications are made in multiples of 55 shares.
4. What is the minimum investment for retail investors?
The minimum investment is ₹14,960 at the upper price band (1 lot of 55 shares).
5. When is the allotment date?
The allotment is expected to be finalised on 30 September 2026, with shares credited to demat accounts by 1 October 2026.
6. When is the listing date?
The shares are proposed to be listed on the BSE and the NSE on 5 October 2026 (tentative).
7. What does Orient Cables (India) do?
It manufactures networking cables and passive networking equipment, including specialty power and optical fibre cables, serving broadband, data centres, renewable energy, telecom, and smart building automation.
8. What is the GMP of the Orient Cables (India) IPO?
GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.
9. Who is the registrar for the IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on its website.
Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.
Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.