Orient Cables IPO 2026: Details, Price Band, GMP, Financials & IPO Analysis

Orient Cables IPO is scheduled to open for subscription on 25 September 2026 and close on 29 September 2026. The company is engaged in the manufacturing and supply of networking cables, passive networking components and specialized cable solutions for telecommunications, broadband, data centres, renewable energy, smart buildings and other industries.

The IPO has a total issue size of ₹552 crore, comprising a ₹320 crore fresh issue and an Offer for Sale of ₹232 crore. The price band has been fixed at ₹258–₹272 per share, with a lot size of 55 shares. At the upper price band, retail investors need a minimum investment of ₹14,960.

The shares are proposed to list on the BSE and NSE on 5 October 2026.

Orient Cables IPO Details

Orient Cables IPO Timeline

All dates are tentative and may be subject to change.

Orient Cables IPO GMP Today

As of 22 September 2026, the available GMP for Orient Cables IPO is ₹0. Based on the upper price band of ₹272 and the current GMP, the indicative listing price is ₹272.

GMP Disclaimer: Grey market premium is an unofficial market indicator and can change frequently. It should not be considered a guarantee of the actual listing price or future performance.

Orient Cables IPO Subscription Status

The Orient Cables IPO is scheduled to open on 25 September 2026. Therefore, live category-wise subscription figures are not available as of 22 September 2026.

Subscription data will be updated after bidding begins.

Orient Cables IPO Day-wise Subscription Trend

The day-wise subscription trend will be available once the IPO opens.

Orient Cables IPO Current Subscription

Current subscription data is not available yet, as bidding has not started. The IPO will open on 25 September 2026, after which category-wise subscription figures can be tracked.

Orient Cables IPO Lot Size

The minimum bid is 55 shares and investors can bid in multiples of 55 shares. At the upper price band of ₹272, one lot requires ₹14,960.

Orient Cables IPO Reservation

The IPO reservation is structured as follows:

• QIB: Not more than 50% of the Offer
• Retail: Not less than 35% of the Offer
• NII: Not less than 15% of the Offer

About Orient Cables

Orient Cables (India) Limited operates in the cables and electricals segment. The company manufactures and supplies networking cables, passive networking components and specialized cable solutions.

Its product portfolio is broadly divided into three categories:

• Networking Cables and Connectivity Solutions
• Specialty Power Cables and Optical Fibre Cable Solutions

Allied and Complementary Products

The company's products serve industries and applications including telecommunications, broadband infrastructure, data centres, renewable energy projects, smart buildings, security and surveillance networks, system integration, FMEG and automotive applications.

As of 31 March 2025, Orient Cables had an aggregate installed manufacturing capacity of approximately 794,976 kilometres of cables.

The company is also developing and introducing products such as E-beam irradiated specialty cables, solar junction boxes, tethered drone systems, harness assemblies and power cords to expand its product portfolio and address emerging opportunities.

Competitive Strengths

• Established presence in specialty cable solutions for telecommunications.
• Diversified product portfolio serving multiple end-user industries.
• Long-term relationships with reputed customers.
• Strategically located manufacturing facilities.
• Focus on product development and innovation.
• Experienced promoters and professional management.

Orient Cables IPO Objectives

The net proceeds from the fresh issue are proposed to be used for the following purposes:

The company plans to use ₹91.50 crore for capital expenditure and ₹155.50 crore towards repayment or prepayment of certain borrowings. The remaining proceeds will be used for general corporate purposes.

Orient Cables Financial Performance

Restated Consolidated Financials

Orient Cables' total income increased from ₹831.86 crore in FY25 to ₹1,181.67 crore in FY26, representing approximately 42% growth.

PAT, however, remained broadly stable, increasing marginally from ₹53.32 crore to ₹53.56 crore. EBITDA increased from ₹83.86 crore to ₹96.40 crore during the same period.

The company's borrowing also increased from ₹113.45 crore in FY25 to ₹234.19 crore in FY26, making the proposed debt repayment component of the IPO relevant to its capital structure.

Key Financial Ratios

The FY26 ROE and RoNW stood at 25.84%, while the EBITDA margin was 8.23%. The June 2026 figures show a lower annualised return profile but stronger PAT and EBITDA margins compared with FY26.

Orient Cables IPO Valuation

Based on the supplied figures, the post-IPO P/E is 23.61x. The promoter holding is expected to reduce from 100% to 82.17% after the issue.

Promoter Holding

The promoters of Orient Cables are:

• Vipul Nagpal
• Garima Nagpal
• Vardaan Nagpal
• Vipul Family Trust
• Garima Family Trust

Promoter holding is expected to decline from 100% before the IPO to 82.17% after the IPO.

Orient Cables Peer Comparison

The peer set includes established cable and electrical companies operating across different scales and product segments. Orient Cables' supplied FY26 RoNW of 25.84% is higher than several companies in the comparison, while its IPO valuation needs to be assessed against its business scale, earnings and growth prospects.

Risks Investors Should Consider

• The company's total borrowing increased substantially in FY26.
• A significant portion of the fresh issue is proposed for debt repayment.
• PAT growth was relatively modest despite strong revenue growth in FY26.
• The cable and electrical products industry is competitive.
• The company operates across several end-user industries and remains exposed to changes in demand and infrastructure spending.
• Product expansion and new manufacturing investments require successful execution.
• The IPO valuation should be assessed alongside established listed peers.

Should You Invest in Orient Cables IPO?

Orient Cables combines a diversified specialty cable portfolio with exposure to telecommunications, broadband, data centres, renewable energy and other infrastructure-related applications. Its installed manufacturing capacity of approximately 794,976 kilometres and presence across multiple end-use segments provide a broad operating base.

Financially, revenue growth has been strong, with total income rising 42% in FY26. EBITDA also increased, while PAT remained broadly stable. At the same time, borrowings increased significantly during FY26, and ₹155.50 crore of the IPO proceeds is proposed for repayment or prepayment of outstanding borrowings.

The IPO also includes ₹91.50 crore for manufacturing-related capital expenditure, which could support capacity and product expansion. Investors should therefore consider the company's revenue growth, profitability, debt position, IPO valuation, industry competition and execution of the proposed expansion plans before making an investment decision.

Orient Cables IPO Allotment Status

The basis of allotment is expected on 30 September 2026.

Refunds are scheduled to begin on 1 October 2026, while shares are expected to be credited to eligible investors' demat accounts on the same date.

Investors can check their allotment status through the IPO registrar's website after the allotment is finalised.

Orient Cables IPO Registrar

• Kfin Technologies Ltd.
• Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally
• Website: https://ipostatus.kfintech.com/
• Phone: 040-79615565
• Email: orient.ipo@kfintech.com

Orient Cables IPO Lead Managers

The book-running lead managers are:

• JM Financial Ltd.
• IIFL Capital Services Ltd.

Orient Cables Company Details

• Orient Cables (India) Ltd.
• House No. 8, Block-D, Second Floor, Ashok Vihar Phase-1, New Delhi, Delhi – 110052
• Website: https://orientcables.in/
• Phone: +91 14932 94094
• Email: compliance@orientcables.in

Orient Cables IPO Summary

Orient Cables IPO is a ₹552 crore book-built issue comprising a ₹320 crore fresh issue and ₹232 crore Offer for Sale. The IPO will open on 25 September and close on 29 September 2026, with a price band of ₹258–₹272 per share and a lot size of 55 shares. 

The company manufactures networking cables, specialty power cables, optical fibre cable solutions and allied products for telecommunications, broadband, data centres, renewable energy, smart buildings and other industries. 

Its total income increased from ₹831.86 crore in FY25 to ₹1,181.67 crore in FY26, while PAT remained broadly stable at ₹53.56 crore. The company plans to use ₹91.50 crore for capital expenditure and ₹155.50 crore for repayment or prepayment of borrowings. 

The latest available GMP as of 22 September 2026 is ₹0 the current GMP, the indicative listing price is ₹272

Orient Cables IPO FAQs

When will Orient Cables IPO open?

The IPO will open on 25 September 2026.

When will Orient Cables IPO close?

The IPO will close on 29 September 2026.

What is the Orient Cables IPO price band?

The price band is ₹258–₹272 per share.

What is the Orient Cables IPO lot size?

The lot size is 55 shares. The minimum investment at the upper price band is ₹14,960.

What is the Orient Cables IPO issue size?

The total issue size is ₹552 crore, including a ₹320 crore fresh issue and ₹232 crore OFS.

What is the Orient Cables IPO GMP today?

As of 22 September 2026, the available GMP is ₹0.

Is Orient Cables profitable?

Yes. The company reported a consolidated PAT of ₹53.56 crore in FY26.

When will Orient Cables IPO be listed?

The shares are scheduled to list on 5 October 2026 on BSE and NSE.

Who is the registrar of Orient Cables IPO?

Kfin Technologies Ltd. is the registrar.

Disclaimer

The information presented above is based on the IPO data supplied for Orient Cables as of 22 September 2026. IPO details, GMP and subscription figures may change. Grey market premium is unofficial and should not be considered a guarantee of listing performance. Investors should review the company's offer documents and financial information before making investment decisions.
 

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.