{"id":262532,"date":"2026-09-23T08:53:17","date_gmt":"2026-09-23T03:23:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=262532"},"modified":"2026-09-23T08:53:17","modified_gmt":"2026-09-23T03:23:17","slug":"orient-cables-india-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/","title":{"rendered":"Orient Cables (India) IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Orient Cables IPO price band Rs 258 to Rs 272. Opens 25 Sep, closes 29 Sep 2026. Issue size Rs 552 Cr. Lists 5 Oct on BSE, NSE.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Orient Cables (India) IPO is a Rs 552 crore bookbuilding issue priced between Rs 258 and Rs 272 per share, open for bidding from 25 to 29 September 2026. The Gurugram based networking and specialty cable manufacturer, among India&#8217;s top four networking cable makers, combines a Rs 320 crore fresh issue with a Rs 232 crore offer for sale. Shares are proposed to list on BSE and NSE around 5 October 2026, on the back of FY26 revenue growth of 42 percent, though profit growth was nearly flat.<\/p>\n<\/p><\/div>\n<p>The Orient Cables (India) IPO is a bookbuilding issue of Rs 552 crore, comprising a fresh issue of shares worth up to Rs 320 crore and an offer for sale of shares worth up to Rs 232 crore by promoters Vipul Nagpal, Garima Nagpal, Vipul Family Trust and Garima Family Trust. The IPO will open for subscription on 25 September 2026 and close on 29 September 2026, with anchor investor bidding on 24 September 2026. The shares are proposed to list on both BSE and NSE.<\/p>\n<p>The Orient Cables IPO price band is set at Rs 258 to Rs 272 per share, with a lot size of 55 shares. Retail investors must apply for a minimum of 55 shares, requiring an investment of Rs 14,960 at the upper price band. At the upper end of the price band, the company is targeting a valuation of around Rs 3,095.3 crore.<\/p>\n<p>IIFL Capital Services Ltd. and JM Financial Ltd. are the book-running lead managers for the Orient Cables IPO.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Orient Cables (India) IPO Red Herring Prospectus (RHP) before making an investment decision.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Orient_Cables_India_Ltd_%E2%80%93_Financials_Rs_in_Lakh\" title=\"Orient Cables (India) Ltd. &#8211; Financials (Rs in Lakh)\">Orient Cables (India) Ltd. &#8211; Financials (Rs in Lakh)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#What_are_the_Orient_Cables_IPO_dates_and_when_will_it_list\" title=\"What are the Orient Cables IPO dates, and when will it list?\">What are the Orient Cables IPO dates, and when will it list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#What_is_the_price_band_and_minimum_investment_for_the_Orient_Cables_IPO\" title=\"What is the price band and minimum investment for the Orient Cables IPO?\">What is the price band and minimum investment for the Orient Cables IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#What_does_Orient_Cables_India_Limited_actually_manufacture\" title=\"What does Orient Cables (India) Limited actually manufacture?\">What does Orient Cables (India) Limited actually manufacture?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Is_the_Orient_Cables_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\" title=\"Is the Orient Cables IPO a fresh issue or does it include an offer for sale?\">Is the Orient Cables IPO a fresh issue or does it include an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Why_did_Orient_Cables_profit_barely_grow_despite_strong_revenue_growth\" title=\"Why did Orient Cables&#8217; profit barely grow despite strong revenue growth?\">Why did Orient Cables&#8217; profit barely grow despite strong revenue growth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#How_will_Orient_Cables_use_the_proceeds_from_its_fresh_issue\" title=\"How will Orient Cables use the proceeds from its fresh issue?\">How will Orient Cables use the proceeds from its fresh issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#What_are_the_main_risks_or_concerns_flagged_for_the_Orient_Cables_IPO\" title=\"What are the main risks or concerns flagged for the Orient Cables IPO?\">What are the main risks or concerns flagged for the Orient Cables IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Who_are_the_lead_managers_for_the_Orient_Cables_IPO\" title=\"Who are the lead managers for the Orient Cables IPO?\">Who are the lead managers for the Orient Cables IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/orient-cables-india-initial-public-offering-review\/#Is_the_Orient_Cables_IPO_a_good_investment\" title=\"Is the Orient Cables IPO a good investment?\">Is the Orient Cables IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Originally incorporated as Orinet Cables (India) Private Limited in September 2005 and later renamed Orient Cables (India) before converting to a public limited company in December 2024, the Gurugram based company manufactures networking cables and passive networking equipment, with nearly two decades of experience in the industry. Passive networking equipment refers to connectors, jacks and cords that carry a signal without requiring power of their own.<\/p>\n<p>The company&#8217;s product portfolio spans three broad segments: speciality power and optical fibre cables and solutions; networking cables and solutions, covering CAT5, CAT5e, CAT6 and CAT6A cables; and other allied products, including patch cords, CCTV and coaxial cables, instrumentation and control cables, power cables, fibre patch cords, keystone jacks and power strips. Orient Cables serves customers across broadband, telecommunications, data centres, renewable energy, smart building automation and security, system integration, fast-moving electrical goods and automotive industries. As of 30 June 2026, the company had an installed capacity of 8,95,776 km, positioning it among India&#8217;s top four networking cable manufacturers, and has been expanding into TUV-certified EV charging cables, solar junction boxes, E-beam irradiated specialty cables, tethered drone systems and cable harnesses.<\/p>\n<p><em>Read on for the complete Orient Cables IPO details, including price band, lot size, listing timeline and the company&#8217;s financial track record.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>25 to 29 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>5 October 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>Rs 258 to Rs 272<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>55 Shares<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Bookbuilding IPO<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh Issue cum Offer for Sale<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>Aggregating up to Rs 552 Cr<\/td>\n<\/tr>\n<tr>\n<td>Fresh Issue<\/td>\n<td>Aggregating up to Rs 320 Cr<\/td>\n<\/tr>\n<tr>\n<td>Offer for Sale<\/td>\n<td>Aggregating up to Rs 232 Cr<\/td>\n<\/tr>\n<tr>\n<td>Implied Valuation (at upper price)<\/td>\n<td>~Rs 3,095.3 Cr<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE, NSE<\/td>\n<\/tr>\n<\/table>\n<p><em>(Compiled from the RHP\/DRHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>India&#8217;s networking and specialty cable industry serves a broad set of end markets, including broadband, telecom, data centres, renewable energy, smart building automation and security, supported by continued digital infrastructure investment.<\/li>\n<li>Data centre expansion in India, driven by cloud computing and AI infrastructure buildout, has created rising demand for high-quality networking and specialty cables capable of supporting growing data transmission needs.<\/li>\n<li>Newer categories such as EV charging cables, solar junction boxes and tethered drone systems represent adjacent growth avenues for established cable manufacturers looking to diversify beyond traditional networking products.<\/li>\n<li>Quality certifications, such as TUV certification for EV charging cables, are increasingly important differentiators as cable manufacturers compete for business from OEMs and infrastructure developers with strict compliance requirements.<\/li>\n<li>The cable manufacturing industry is exposed to copper, aluminium and polymer input cost volatility, making raw material price management an important factor in maintaining margins.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the Orient Cables IPO should weigh:<\/p>\n<ul>\n<li>Among India&#8217;s top four networking cable manufacturers, with an installed capacity of 8,95,776 km as of June 2026 and nearly two decades of industry experience.<\/li>\n<li>A diversified product portfolio spanning networking cables, specialty power and optical fibre cables, and allied products, serving customers across broadband, data centres, telecom, renewable energy and automotive sectors.<\/li>\n<li>Strong FY26 revenue growth, with revenue up 42 percent to Rs 1,171.6 crore, and continued growth momentum into Q1 FY27, with revenue of Rs 489.1 crore for the quarter ended June 2026.<\/li>\n<li>Expansion into newer, higher-value categories including TUV-certified EV charging cables, solar junction boxes and tethered drone systems, broadening its addressable market.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><strong>Screen cables and electrical equipment manufacturing stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the Orient Cables IPO also carries the following business risks:<\/p>\n<ul>\n<li>Despite FY26 revenue growing 42 percent, profit after tax increased only around 0.5 percent, from Rs 53.3 crore to Rs 53.6 crore, indicating significant margin pressure that investors should examine closely.<\/li>\n<li>Total outstanding borrowings stood at Rs 258.4 crore as of June 2026, and while Rs 155.5 crore of the fresh issue proceeds is earmarked for debt reduction, the debt burden remains a factor to monitor.<\/li>\n<li>The Rs 232 crore offer for sale by the promoters will not provide funds to the company.<\/li>\n<li>The cable manufacturing industry is exposed to copper, aluminium and polymer input cost volatility, and the original IPO size was reduced by Rs 148 crore from an initially planned Rs 700 crore, entirely from the OFS component.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Orient Cables IPO comes after a year of sharp revenue growth but nearly flat profit. The company&#8217;s revenue increased by around 42 percent to Rs 1,171.6 crore in FY26 from Rs 825 crore in FY25, while profit after tax rose by only around 0.5 percent, from Rs 53.3 crore to Rs 53.6 crore, over the same period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Orient_Cables_India_Ltd_%E2%80%93_Financials_Rs_in_Lakh\"><\/span><strong>Orient Cables (India) Ltd. &#8211; Financials (Rs in Lakh)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2026<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2025<\/th>\n<\/tr>\n<tr>\n<td>Revenue<\/td>\n<td>1,17,160.00<\/td>\n<td>82,500.00<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (PAT)<\/td>\n<td>5,360.00<\/td>\n<td>5,330.00<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin (%)<\/td>\n<td>4.58% (computed)<\/td>\n<td>6.46% (computed)<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings<\/td>\n<td>25,840.00<\/td>\n<td>Not separately disclosed<\/td>\n<\/tr>\n<\/table>\n<p><em>Amounts in Rs Lakh unless stated otherwise, compiled from published Orient Cables (India) IPO financial disclosures. PAT margin figures are computed from disclosed absolute figures. For the quarter ended 30 June 2026, the company separately reported revenue of Rs 489.1 crore and profit after tax of Rs 32.7 crore. EBITDA and net worth were not separately available in the sources used for this review; investors should refer to the RHP for the complete restated financial statements.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises the key ratios and metrics relevant to the Orient Cables IPO as of the latest reported periods.<\/p>\n<p><em>These ratios offer a quick snapshot of how the Orient Cables IPO is priced relative to the company&#8217;s profitability and net worth.<\/em><\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">KPI (Mar 31, 2026 \/ Jun 30, 2026)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Revenue Growth (FY26)<\/td>\n<td>~42%<\/td>\n<\/tr>\n<tr>\n<td>PAT Growth (FY26)<\/td>\n<td>~0.5%<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY27 (Jun 2026) Revenue<\/td>\n<td>Rs 489.1 Cr<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY27 (Jun 2026) PAT<\/td>\n<td>Rs 32.7 Cr<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings (as of Jun 2026)<\/td>\n<td>Rs 258.4 Cr<\/td>\n<\/tr>\n<tr>\n<td>Installed Capacity (as of Jun 2026)<\/td>\n<td>8,95,776 km<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to utilise the net proceeds from the Orient Cables IPO towards the following objects.<\/p>\n<ul>\n<li>Funding capital expenditure towards purchase of machinery, equipment and civil works at manufacturing facilities (Rs 91.5 Cr)<\/li>\n<li>Repayment or partial prepayment of certain outstanding borrowings (Rs 155.5 Cr)<\/li>\n<li>General corporate purposes<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the Orient Cables (India) IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Here is the bottom line on the Orient Cables IPO.<\/em><\/p>\n<p>The Orient Cables IPO reflects one of India&#8217;s leading networking and specialty cable manufacturers, with a diversified product portfolio, sharp FY26 revenue growth, and expansion into newer, higher-value product categories.<\/p>\n<p>However, nearly flat profit growth despite sharp revenue growth, meaningful existing borrowings, the offer for sale component, and input cost volatility are factors that could affect the investment case for the Orient Cables IPO.<\/p>\n<p>Overall, investors weighing the Orient Cables IPO should evaluate the company&#8217;s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently 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).<\/p>\n<\/p><\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Orient_Cables_IPO_dates_and_when_will_it_list\"><\/span><strong>What are the Orient Cables IPO dates, and when will it list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Orient Cables (India) IPO opens for subscription on 25 September 2026 and closes on 29 September 2026, with anchor investor bidding on 24 September 2026. The shares are proposed to list on both BSE and NSE, with the exact listing date to be confirmed closer to the allotment finalisation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_and_minimum_investment_for_the_Orient_Cables_IPO\"><\/span><strong>What is the price band and minimum investment for the Orient Cables IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price band for the Orient Cables IPO is set at Rs 258 to Rs 272 per equity share, with a lot size of 55 shares. Retail investors must apply for a minimum of one lot, which costs Rs 14,960 at the upper price band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Orient_Cables_India_Limited_actually_manufacture\"><\/span><strong>What does Orient Cables (India) Limited actually manufacture?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Orient Cables manufactures networking cables and passive networking equipment across three segments: speciality power and optical fibre cables and solutions, networking cables and solutions covering CAT5 through CAT6A cables, and other allied products including patch cords, CCTV and coaxial cables, and power cables. The company serves customers across broadband, telecom, data centres, renewable energy, smart building automation and automotive industries, and as of June 2026 had an installed capacity of 8,95,776 km, making it one of India&#8217;s top four networking cable manufacturers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Orient_Cables_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\"><\/span><strong>Is the Orient Cables IPO a fresh issue or does it include an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Orient Cables IPO combines a fresh issue of shares worth up to Rs 320 crore with an offer for sale of shares worth up to Rs 232 crore by promoters Vipul Nagpal, Garima Nagpal, Vipul Family Trust and Garima Family Trust. Notably, the overall IPO size was reduced by Rs 148 crore from an initially planned Rs 700 crore, with the entire reduction coming from the OFS component.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Orient_Cables_profit_barely_grow_despite_strong_revenue_growth\"><\/span><strong>Why did Orient Cables&#8217; profit barely grow despite strong revenue growth?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Orient Cables&#8217; revenue increased by around 42 percent to Rs 1,171.6 crore in FY26 from Rs 825 crore in FY25, yet profit after tax rose by only around 0.5 percent, from Rs 53.3 crore to Rs 53.6 crore. This significant gap between revenue and profit growth suggests margin pressure during the year, potentially linked to input costs such as copper, aluminium and polymer, or other operating cost increases, and investors should review the detailed financial statements in the RHP to understand the specific drivers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Orient_Cables_use_the_proceeds_from_its_fresh_issue\"><\/span><strong>How will Orient Cables use the proceeds from its fresh issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company plans to use Rs 91.5 crore for capital expenditure towards purchasing machinery, equipment and undertaking civil works at its manufacturing facilities, and a larger Rs 155.5 crore for repayment or partial prepayment of outstanding borrowings, addressing total borrowings of Rs 258.4 crore as of June 2026. The remaining proceeds are earmarked for general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_or_concerns_flagged_for_the_Orient_Cables_IPO\"><\/span><strong>What are the main risks or concerns flagged for the Orient Cables IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The most significant financial concern is that profit growth was nearly flat in FY26 despite a 42 percent jump in revenue, indicating meaningful margin pressure that investors should investigate. Total outstanding borrowings of Rs 258.4 crore as of June 2026 remain a factor to monitor even after the planned debt reduction, the Rs 232 crore offer for sale will not benefit the company, and the cable manufacturing industry more broadly remains exposed to copper, aluminium and polymer input cost volatility.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_managers_for_the_Orient_Cables_IPO\"><\/span><strong>Who are the lead managers for the Orient Cables IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IIFL Capital Services Ltd. and JM Financial Ltd. are jointly serving as the book-running lead managers for the Orient Cables IPO, responsible for structuring and managing the offer process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Orient_Cables_IPO_a_good_investment\"><\/span><strong>Is the Orient Cables IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Orient Cables offers exposure to one of India&#8217;s leading networking and specialty cable manufacturers, with a diversified product portfolio and sharp recent revenue growth, which will interest investors in the cables and electrical equipment sector. At the same time, nearly flat profit growth despite strong revenue growth, meaningful existing borrowings, and the offer for sale component are factors that call for careful evaluation. As always, investors should study the RHP in detail and assess their own risk appetite before applying.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the Orient Cables IPO dates, and when will it list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Orient Cables (India) IPO opens for subscription on 25 September 2026 and closes on 29 September 2026, with anchor investor bidding on 24 September 2026. The shares are proposed to list on both BSE and NSE, with the exact listing date to be confirmed closer to the allotment finalisation.\"}},{\"@type\":\"Question\",\"name\":\"What is the price band and minimum investment for the Orient Cables IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The price band for the Orient Cables IPO is set at Rs 258 to Rs 272 per equity share, with a lot size of 55 shares. Retail investors must apply for a minimum of one lot, which costs Rs 14,960 at the upper price band.\"}},{\"@type\":\"Question\",\"name\":\"What does Orient Cables (India) Limited actually manufacture?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Orient Cables manufactures networking cables and passive networking equipment across three segments: speciality power and optical fibre cables and solutions, networking cables and solutions covering CAT5 through CAT6A cables, and other allied products including patch cords, CCTV and coaxial cables, and power cables. 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Notably, the overall IPO size was reduced by Rs 148 crore from an initially planned Rs 700 crore, with the entire reduction coming from the OFS component.\"}},{\"@type\":\"Question\",\"name\":\"Why did Orient Cables' profit barely grow despite strong revenue growth?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Orient Cables' revenue increased by around 42 percent to Rs 1,171.6 crore in FY26 from Rs 825 crore in FY25, yet profit after tax rose by only around 0.5 percent, from Rs 53.3 crore to Rs 53.6 crore. This significant gap between revenue and profit growth suggests margin pressure during the year, potentially linked to input costs such as copper, aluminium and polymer, or other operating cost increases, and investors should review the detailed financial statements in the RHP to understand the specific drivers.\"}},{\"@type\":\"Question\",\"name\":\"How will Orient Cables use the proceeds from its fresh issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company plans to use Rs 91.5 crore for capital expenditure towards purchasing machinery, equipment and undertaking civil works at its manufacturing facilities, and a larger Rs 155.5 crore for repayment or partial prepayment of outstanding borrowings, addressing total borrowings of Rs 258.4 crore as of June 2026. 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Total outstanding borrowings of Rs 258.4 crore as of June 2026 remain a factor to monitor even after the planned debt reduction, the Rs 232 crore offer for sale will not benefit the company, and the cable manufacturing industry more broadly remains exposed to copper, aluminium and polymer input cost volatility.\"}},{\"@type\":\"Question\",\"name\":\"Who are the lead managers for the Orient Cables IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IIFL Capital Services Ltd. and JM Financial Ltd. are jointly serving as the book-running lead managers for the Orient Cables IPO, responsible for structuring and managing the offer process.\"}},{\"@type\":\"Question\",\"name\":\"Is the Orient Cables IPO a good investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Orient Cables offers exposure to one of India's leading networking and specialty cable manufacturers, with a diversified product portfolio and sharp recent revenue growth, which will interest investors in the cables and electrical equipment sector. 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The Gurugram based networking and specialty cable manufacturer, among India&#8217;s top four networking cable makers, combines a<\/p>\n","protected":false},"author":29,"featured_media":262531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[5351],"class_list":["post-262532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-mainboard-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["262531"],"rank_math_title":["Orient Cables IPO 2026: Price and Full Review"],"rank_math_description":["Orient Cables (India) IPO opens 25 to 29 September 2026 at Rs 258 to Rs 272. Read the full review covering company overview, industry context and financials."],"rank_math_focus_keyword":["Orient Cables IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/orient-cables-india-ipo-review-key-details-company-overview-and-financials.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=262532"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262532\/revisions"}],"predecessor-version":[{"id":262533,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262532\/revisions\/262533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/262531"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=262532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=262532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=262532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}