Orient Cables IPO Day 2: Subscription Status on 28 September 2026
- September 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
Orient Cables IPO Day 2, 28 Sep 2026. Subscribed 2.07x at Day 1 close: NII 3.67x, Retail 2.56x, QIB 0.01x. Price band Rs 258-272. Closes 29 Sep.
Quick Answer
The Orient Cables IPO is on Day 2 of bidding on 28 September 2026, after a strong opening day. The Orient Cables IPO closed Day 1 subscribed 2.07 times overall, with NII leading at 3.67 times and retail at 2.56 times, while QIB, excluding anchors, stood at just 0.01 times. Bidding remains open until 29 September 2026, and investors should track the live category wise numbers on BSE and NSE through the day.
The Orient Cables IPO has entered Day 2 of its bidding window, which opened on 25 September 2026 and closes on 29 September 2026. Orient Cables (India) Limited, a networking cable and passive networking equipment manufacturer, is raising about Rs 552 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both BSE and NSE. The latest full session data available is Friday, 25 September 2026, with the weekend in between.
Day 1 bidding for the issue closed with the issue subscribed 2.07 times overall, driven by non-institutional and retail demand. With QIB participation, excluding anchors, still at 0.01 times, the closing session on 29 September is where institutional bids typically arrive.
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Orient Cables IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 25 September 2026 |
| Close Date | 29 September 2026 |
| Face Value | Rs 1 per share |
| Price Band | Rs 258 to Rs 272 per share |
| Lot Size | 55 shares |
| Issue Size | Rs 552 crore |
| Issue Type | Book Built Issue |
| Listing At | BSE and NSE |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
Orient Cables IPO Subscription Status Day 2
Bidding for the issue is updated through the trading session on BSE and NSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (25 Sep, 5:07 PM) | Subscription So Far (Day 2, 28 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.01 times | Updating |
| Non-Institutional Investors (NII) | 3.67 times | Updating |
| Retail Individual Investors | 2.56 times | Updating |
| Overall | 2.07 times | Updating through the session |
NII and retail investors have driven the demand so far, while the QIB book has considerable room to build. Investors should treat the Day 2 figures as provisional since bidding remains open until the 29 September close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Orient Cables IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 258 to Rs 272 band, in multiples of 55 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 29 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 29 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Orient Cables India IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue opened strongly, crossing full subscription within Day 1 on NII and retail demand, with the QIB book still to build before the 29 September close. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Orient Cables IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 2.07 times overall, with NII leading at 3.67 times and retail at 2.56 times, while QIB, excluding anchors, stood at just 0.01 times, and figures for Day 2, 28 September 2026, are updating through today’s session on BSE and NSE.
When does the Orient Cables IPO close?
Ans. The issue closes for subscription on 29 September 2026, having opened on 25 September 2026.
What is the Orient Cables IPO price band and lot size?
Ans. The issue price band is Rs 258 to Rs 272 per share, with a lot size of 55 shares, taking the minimum retail investment to about Rs 14,960 at the upper band.
Which category led the Orient Cables IPO on Day 1?
Ans. Non-institutional investors led the issue on Day 1 at 3.67 times, ahead of retail at 2.56 times, while QIB, excluding anchors, stood at 0.01 times.
What is the Orient Cables IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Orient Cables IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 258 to Rs 272 band, in multiples of 55 shares, then approving the UPI mandate before the daily cut off.
When will the Orient Cables IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 30 September 2026, with listing on both BSE and NSE tentatively scheduled for 5 October 2026.
What does Orient Cables (India) Limited do?
Ans. Orient Cables (India) Limited manufactures networking cables, including CAT5 through CAT6A cables, alongside speciality power and optical fibre cables, serving broadband, telecom, data centre, renewable energy and smart building automation customers.
