Orient Cables (India) IPO
ORIENTCABL · BSE, NSE · Mainboard · Electric Equipment
Overview
Updated 12 days agoOrient Cables (India) Limited is an Indian manufacturer of networking cables and passive networking equipment, catering to high-growth sectors like telecommunications, data centers, and renewable energy. The company is launching an IPO comprising a fresh issue of equity shares aggregating up to ₹3,200 million and an offer for sale of up to ₹2,320 million.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 55 | ₹14,960 |
| Retail (max) | 13 | 715 | ₹1,94,480 |
| sNII (min) | 14 | 770 | ₹2,09,440 |
| bNII (min) | 67 | 3,685 | ₹10,02,320 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | Electric Equipment |
| Price band | ₹258–272 |
| Final issue price | ₹272.00 |
| Face value | ₹1 per share |
| Lot size | 55 shares |
| Minimum investment | ₹14,960 |
| Issue size | ₹552 Cr |
| Fresh issue | ₹320 Cr |
| Offer for sale | ₹232 Cr |
| P/E at upper band | 51.6x |
| Registrar | KFin Technologies Limited |
| Lead managers | IIFL Capital Services Limited, JM Financial Limited |
| NSE symbol | ORIENTCABL |
| ISIN | INE0J1N01028 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Orient Cables (India) Limited, incorporated in 2005, is a manufacturer specializing in networking cables and passive networking equipment. The company's product portfolio includes networking cables (CAT5, CAT6, CAT6A), specialty power cables, optical fiber cables, wire and cable harness assemblies, and other allied products like keystone jacks, power strips, and power cords. The company operates manufacturing facilities in Bhiwadi, Rajasthan, and Bengaluru, Karnataka. It serves a diverse customer base, including telecom service providers, OEMs, and resellers, both in India and internationally. The company focuses on high-growth industries such as broadband, data centers, renewable energy, and automotive, leveraging its in-house manufacturing capabilities and quality certifications.
Objects of the issue — how the money will be used
- Funding capital expenditure requirements towards purchase of machinery, equipment and civil works at our Manufacturing Facilities (₹91.5 Cr)
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings (₹155.5 Cr)
- General corporate purposes
Key strengths
- Leading specialty cable manufacturer for telecommunications in India
- Diversified portfolio of customized products across end-user industries
- Long-standing customer relationships with marquee clientele
- Strategically located manufacturing facilities with in-house innovation capabilities
- Experienced promoters and professional management team
Key risks
- Dependence on a limited number of suppliers for raw materials
- High customer concentration with top 10 customers contributing significantly to revenue
- Geographic concentration of manufacturing facilities in Rajasthan
- Potential impact of trade remedial measures and tariffs on export competitiveness
- Risks associated with intellectual property and brand disputes
- Negative cash flows from operating and investing activities in recent periods
- Dependence on third-party transportation and logistics providers
Promoters
Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust, Garima Family Trust
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 657.77 | -- | 40.07 | 293.22 | 127.54 | 36.73 |
| FY25 | 824.96 | -- | 53.32 | 427.19 | 180.70 | 113.45 |
| FY26 | 1,171.65 | -- | 53.81 | 580.79 | 235.84 | 234.19 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Orient Cables (India) this issue | 1,171.7 | 5.27 | 51.6x | 25.84 | 23.11 |
| RR Kabel Limited | 9,722.4 | 43.53 | 54.9 | 20.83 | 227.61 |
| Polycab India Limited | 28,883.8 | 177.53 | 46.7 | 24.58 | 805.50 |
| Finolex Cables Limited | 6,321.0 | 46.67 | 26.3 | 12.33 | 397.93 |
| Havells India Limited | 22,527.8 | 26.95 | 42.7 | 18.97 | 150.95 |
| KEI Industries Limited | 11,747.8 | 96.09 | 49.0 | 14.75 | 697.17 |
| Paramount Communications Limited | 1,913.4 | 1.96 | 33.5 | 7.99 | 25.49 |
| Birla Cable Limited | 771.1 | 5.63 | 63.5 | 6.33 | 93.63 |
| Sterlite Technologies Limited | 4,745.0 | 1.15 | 708.4 | 2.63 | 46.46 |
This issue is priced at 51.6x P/E against a peer median of 47.8x: a premium of 8%. A measurement, not a verdict.
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.