{"id":289044,"date":"2026-10-06T10:42:59","date_gmt":"2026-10-06T05:12:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=289044"},"modified":"2026-10-06T10:42:59","modified_gmt":"2026-10-06T05:12:59","slug":"orient-cables-share-price-65-percent-listing-lower-circuit","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/orient-cables-share-price-65-percent-listing-lower-circuit\/","title":{"rendered":"Orient Cables Share Price: Why the Stock Listed at a 65% Premium and Then Hit the Lower Circuit, What Is Behind the Profit Booking, and What IPO Investors Should Weigh at Rs 364 to Rs 405"},"content":{"rendered":"

Orient Cables listed Rs 450 (+65.4%), high Rs 464.85, then 10% lower circuit at Rs 405. Issue Rs 272. P\/E about 96x at listing. Next 10% fall = about Rs 364.5.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Orient Cables share price listed at Rs 450 on the NSE on 5 October, a 65.44% premium to the Rs 272 issue price, touched Rs 464.85 and then hit the 10% lower circuit at Rs 405 as investors booked profits. Reports say it fell about 10% again the next day, which would be near Rs 364.50 by my calculation, still about 34% above the issue price. The listing pushed the trailing P\/E to about 96 times against about 58 times at the issue price, while operating cash flow was negative and a Rs 40 crore land purchase and supply chain pressures squeezed margins. IPO allottees remain well in profit, but those who bought near Rs 450 face a sharp loss, so the post-listing price depends on earnings delivery and not on the listing pop.<\/p>\n<\/p><\/div>\n

Orient Cables share price made a stellar debut on Monday, 5 October, listing 65% above its IPO price, and then fell sharply. The networking cables maker opened at Rs 450 on the NSE and Rs 448.10 on the BSE, rose to Rs 464.85 and then slid to Rs 405, locking in a 10% lower circuit with a market capitalisation of about Rs 4,590 crore.<\/p>\n

If you hold the stock or applied to the Orient Cables IPO, this article covers the Orient Cables listing at Rs 450 against the Rs 272 issue price, why the Orient Cables share price reversed in the Orient Cables lower circuit, the next-day fall, valuation and P\/E, the IPO subscription and use of proceeds, business, cash flow and financial numbers, the lock-in calendar and the risks. The 6 October level is computed from reports, so recheck live prices.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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