Orient Cables IPO: dates, price band, lot size and GMP
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Orient Cables IPO listed on 5 Oct at ₹450 (NSE, BSE). Issue dates 25 – 29 Sep 2026, price band ₹258 – ₹272, lot 55 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:03 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Orient Cables IPO has a price band of ₹258 – ₹272, a lot of 55 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 25 – 29 Sep 2026 |
| Price band | ₹258 – ₹272 |
| Lot size | 55 shares |
| Issue size | ₹552.00 Cr |
| Fresh issue | ₹320 Cr |
| Offer for sale | ₹232 Cr |
| Subscription | 97.28x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | IIFL Capital Services Ltd., JM Financial Ltd. |
| Status | Listed |
Timeline
- Issue opens: 25 Sep
- Issue closes: 29 Sep
- Allotment: 30 Sep
- Refunds: 1 Oct
- Demat credit: 1 Oct
- Listing: 5 Oct
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 192.68x |
| NII | 121.9x |
| sNII | 105.99x |
| bNII | 129.86x |
| Retail | 32.21x |
| Total | 97.28x |
Last updated 29 Sep 2026, 6:56 PM IST.
Issue details
| Face value | ₹1 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹3,095.35 Cr |
| P/E (pre-issue) | 51.81x |
| P/E (post-issue) | 23.61x |
| Fresh issue (shares) | 1,17,64,705 |
| Offer for sale (shares) | 85,29,409 |
| Total shares offered | 2,02,94,114 |
| Promoter holding pre-issue | 98.38% |
| Promoter holding post-issue | 80.71% |
| Promoters | Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust, Garima Family Trust |
| Lead managers | IIFL Capital Services Ltd., JM Financial Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | orient.ipo@kfintech.com |
| Company website | orientcables.in |
| Anchor bid date | 24 Sep 2026 |
| Anchor lock-in ends (50%) | 30 Oct 2026 |
| Anchor lock-in ends (remaining) | 29 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 55 | ₹14,960 |
| Retail (maximum) | 14 | 770 | ₹2,09,440 |
| sNII (minimum) | 14 | 770 | ₹2,09,440 |
| bNII (minimum) | 67 | 3,685 | ₹10,02,320 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 60,88,233 | |
| QIB | 20% | 40,58,823 | Not more than 50% of the Offer |
| NII (HNI) | 15% | 30,44,118 | Not less than 15% of the Offer |
| sNII | 5% | 10,14,706 | |
| bNII | 10% | 20,29,412 | |
| Retail | 35% | 71,02,940 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 25 Sep | 0.01x | 3.67x | 5.61x | 2.69x | 2.56x | 2.07x |
| Day 2 · 28 Sep | 0.06x | 18.31x | 24.77x | 15.08x | 9.66x | 8.77x |
| Day 3 · 29 Sep | 192.68x | 121.90x | 105.99x | 129.86x | 32.21x | 97.28x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹5.25 |
|---|---|
| EPS (post-issue) | ₹13.04 |
| P/E (pre-issue) | 51.81x |
| P/E (post-issue) | 23.61x |
| RoNW | 25.84% |
| RoCE | 23.82% |
| RoE | 25.84% |
| PAT margin | 4.55% |
| EBITDA margin | 8.23% |
| Price / book | 11.77x |
| NAV per share | ₹23.11 |
| Debt / equity | 0.94 |
| Market cap (upper band) | ₹3,095.35 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 743.19 | 580.79 | 427.19 | 293.22 | +36% |
| Total Income | 490.94 | 1,181.67 | 831.86 | 664.98 | +42.1% |
| Profit After Tax | 32.78 | 53.56 | 53.32 | 40.07 | +0.5% |
| EBITDA | 54.89 | 96.4 | 83.86 | 58.82 | +15% |
| NET Worth | 268.76 | 235.84 | 180.7 | 127.54 | +30.5% |
| Reserves and Surplus | 257.35 | 224.34 | 170.5 | 126.52 | +31.6% |
| Total Borrowing | 258.46 | 234.19 | 113.45 | 36.73 | +106.4% |
About Orient Cables
Orient Cables is engaged in the manufacturing and supply of networking cables, passive networking components, and specialized cable solutions. The company's product offerings are broadly classified into three key business segments:
Its products cater to a wide range of industries and applications, including telecommunications, broadband infrastructure, data centres, renewable energy projects, smart building systems, security and surveillance networks, system integration, fast-moving electrical goods (FMEG), and the automotive sector.
As of March 31, 2025, the company had an aggregate installed manufacturing capacity of approximately 794,976 kilometres of cables.
To expand its product portfolio and address emerging market opportunities, Orient Cables is developing and introducing new products such as E-beam irradiated specialty cables, solar junction boxes, tethered drone systems, harness assemblies, and power cords.
Objects of the issue
- Funding of capital expenditure requirements of Company towards purchase of machinery, equipment and civil works at Manufacturing Facilities — ₹91.5 Cr
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company — ₹155.5 Cr
- General Corporate Purposes — ₹48.34 Cr
- Issue Expenses — ₹42.53 Cr
Net proceeds: ₹337.87 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Orient Cables (India) Limited (issuer) | 5.27 | 5.27 | 23.11 | — | 25.84% | Consolidated |
| RR Kabel Limited | 43.53 | 43.52 | 227.61 | 54.85x | 20.83% | Consolidated |
| Polycab India Limited | 177.53 | 176.95 | 805.5 | 46.69x | 24.58% | Consolidated |
| Finolex Cables Limited | 46.67 | 46.67 | 397.93 | 26.29x | 12.33% | Consolidated |
| Havells India Limited | 26.95 | 26.94 | 150.95 | 42.69x | 18.97% | Consolidated |
| KEI Industries Limited | 96.09 | 96.02 | 697.17 | 48.99x | 14.75% | Consolidated |
| Paramount Communications Limited | 1.96 | 1.96 | 25.49 | 33.47x | 7.99% | Consolidated |
| Birla Cable Limited | 5.63 | 5.63 | 93.63 | 63.54x | 6.33% | Consolidated |
| Sterlite Technologies Limited | 1.15 | 1.11 | 46.46 | 708.38x | 2.63% | Consolidated |
Financial information for the Company is derived from the Restated Consolidated and Standalone Financial Information as at and for the financial year ended March 31, 2026. Notes: The financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the annual reports, investor presentations and the audited financial results of the relevant companies for financial year ended March 31, 2026, as available on the websites of the Stock Exchanges.
Strengths (per the offer document)
- One of the leading specialty cable manufacturers for telecommunications in India — As per the 1Lattice report on page 171, we are one of India’s top four players in the networking cables industry with a market share of approximately 22.9% in Fiscal 2026.
- Diversified portfolio of customized products and solutions across end user industries — We manufacture a diverse range of products which are customized to the specifications of our customers, under the following broad segments-
- Networking Cables and Solutions — Our range of Networking Cables include CAT5, CAT 5e, CAT6 and CAT6A cables and their variants.
- Specialty Power, Optical Fibre Cable and Solutions — Through our Specialty Power, Optical Fibre Cables and Solutions segment, we manufacture: Power cables such as low-tension power cables and terminated power assemblies with special power cable…
- Wire and Cable Harness Assemblies, EV Charging Guns Cable Assembly — The EV Charging Assembly is an integrated system that includes key components required for efficient and safe charging of electric vehicles.
- Other Allied Products — In order to provide a comprehensive range of solutions for our customers and with the intention to be a one-stop shop for passive networking solutions, we diversified into manufacturing products…
- Revenue break-down and end use — Majority of our revenue is derived from our customers operating in high growth industries including broadband, telecom, smart building automation and security, resellers, data centres and IT/SI/…
- Long standing customer relationships with marquee clientele — We have, through nearly two decades of business operations, established long-term relationships with customers across industries we cater to.
Risk factors (as disclosed by the company)
- Our brand and reputation are important to our business — Although our business is primarily B2B where customer relationships, product quality, product reliability and service standards are typically more significant drivers of business than brand recall,…
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials — Our operations are dependent upon the price and availability of the primary raw materials that we require for the production of our products.
- We derive 84.00% and 76.52% of our revenue from operations from our top 10 customers as of the three months period ended June 30, 2026 and Fiscal 2026 — We derive a major portion of our revenue from operations from few customers.
- We are subject to strict quality requirements and any product defect issues or failure by us or our raw material suppliers to comply with quality standards… — We face an inherent business risk of exposure to product defects and subsequent liability claims if the use of any of our products results in personal injury or property damage.
- Any underutilization of our manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance — The table below sets forth the installed production capacity and the capacity utilization at each of our Manufacturing Facilities for the three months period ended June 30, 2026 and Fiscal 2026,…
- Our Statutory Auditors have included certain emphasis of matter and/or observations on the Companies (Auditor's Report) Order — Our Statutory Auditor has noted an emphasis of matter on CARO in their auditor reports for the financial statements as of and for the Fiscals 2026, 2025 and 2024.
- One of the members of the Promoter Group, Radhika Julka, the sister of our Promoter Vipul Nagpal, has been disclosed in the list of Wilful Defaulters — One of the members of the Promoter Group, Radhika Julka, the sister of our Promoter, Vipul Nagpal, has been disclosed in the list of Wilful Defaulters on the website of Watchout Investors in…
- We have had negative cash flows from operating and investing activities in the three months period ended June 30, 2026 — We have in the past, and may in the future, experience negative cash flows from operating activities due to significant movements in our working capital.
From the RHP (strengths pages 221–229, risk factors pages 23–37). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Orient Cables IPO GMP today and trend
- Orient Cables IPO subscription status, day by day
- Orient Cables IPO allotment status and how to check
Frequently asked questions
When does the Orient Cables IPO open and close?
The issue is scheduled for 25 – 29 Sep 2026.
What is the Orient Cables IPO price band?
The price band is ₹258 – ₹272 per share with a lot size of 55 shares.
How big is the Orient Cables IPO?
The total issue size is ₹552.00 Cr, of which ₹320 Cr is a fresh issue and ₹232 Cr an offer for sale.
When will Orient Cables list?
The tentative listing date is 5 Oct on the main board.
How do I apply for the Orient Cables IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Orient Cables · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Orient Cables · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 30 Sep · ipostatus.kfintech.com
- NSE public issues page · listing 5 Oct · nseindia.com
- BSE public issues page · listing 5 Oct · bseindia.com
- Orient Cables company website · orientcables.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 5 Oct, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Orient Cables IPO”, https://buyunlistedshares.com/ipo/orient-cables-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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