Orient Cables (India) IPO: Key Details, Dates, and GMP

Orient Cables (India) Ltd., a company operating in the cable sector, is launching its IPO to raise ₹582 crore. The issue opens for subscription on September 25, 2026, and closes on September 29, 2026. The price band for the offer is set at ₹258 to ₹272 per share, with a minimum lot size of 55 shares. Investors can apply for a minimum investment of ₹14,190 at the upper price band. The IPO is being managed by IIFL Capital Services Ltd. and JM Financial Ltd., with KFIN Technologies Ltd. serving as the registrar.

Orient Cables (India) IPO Key Details

Particular	Details
IPO Dates	Sep 25, 2026 – Sep 29, 2026
Price Band	₹258 – ₹272
Lot Size	55 shares
Min Investment	₹14,190
Total Issue Size	₹582 Crore

Orient Cables (India) IPO Timeline

Event	Date
IPO Opens	September 25, 2026
IPO Closes	September 29, 2026
Basis of Allotment	Tentative
Listing Date	Tentative

Indian IPOs follow a T+3 timeline, so shares list three working days after the issue closes. If you applied through UPI, approve the mandate in your UPI app before 5 PM on September 25, or your bid will not count.

Orient Cables (India) IPO Lot Size and Investment

Application	Lots	Shares	Amount (₹, at ₹272)
Retail (minimum)	1	55	14,960
Retail (maximum)	13	715	1,94,480

QIB and HNI Allocation and Investment Details

Category	Allocation Percentage	Minimum Application Size
QIB	Up to 50%	N/A
Non-Institutional Bidders (HNI)	Not less than 15%	> ₹0.20 million

Promoter Selling Shareholders in the Offer for Sale

Selling shareholder	Type	Amount (₹ crore)
Vipul Nagpal	Promoter	67.20
Garima Nagpal	Promoter	15.70
Vipul Family Trust	Promoter	52.00
Garima Family Trust	Promoter	97.10

Orient Cables (India) Ltd. is a manufacturer of networking cables, optical fibre, and power cables, serving high-growth sectors such as telecom, data centres, and renewable energy. The company is currently offering shares to the public to raise ₹582 Crore. It maintains a global presence across 8 countries and is the first in India to receive BIS certification for symmetrical pair/quad cables for digital communications.

– What it builds: Networking cables (CAT5, CAT5e, CAT6, CAT6A), passive networking equipment, optical fibre cables, power cables, E-beam cables, solar junction boxes, and tethered drone systems[8].

– Who pays it: Customers across high-growth sectors including telecom, broadband, data centres, government, and automotive.

– How it makes money: Revenue is generated through the manufacturing and sale of its diverse range of cable products and allied solutions.

– Order book: The company has not disclosed a specific order book value in the provided documents.

– Why it matters: It is an early mover in tethered cable systems and the first in India to receive BIS certification for symmetrical pair/quad cables for digital communications.

– Market growth: The company has seen its market share rise from approximately 16% in FY22 to 22.9% in FY26 on a revenue basis.

Financial Performance Overview

Financial Metric	FY 2022-23	FY 2023-24	FY 2024-25
Revenue (₹ Million)	5436.78	6577.67	8249.58
PAT (₹ Million)	259.59	400.69	532.91

The Anchor Investor portion is up to 60% of the QIB portion, with 40% of that allocation reserved for specific institutional investors. Anchor investors must bid for a minimum of ₹100 million. Shares allotted to anchor investors are subject to a lock-in period of 90 days for 50% of the shares and 30 days for the remaining 50%.

Anchor Investor Allocation Details

Category	Details
Anchor Investor Portion	Up to 60% of QIB portion
Mutual Fund Reservation (within Anchor)	33.33%
Life Insurance & Pension Fund Reservation (within Anchor)	6.67%
Minimum Investment	₹100 million

Key strengths and risks for Orient Cables (India) Ltd. are as follows.

Key Strengths

1. The company is the first in India to receive BIS certification for symmetrical pair/quad cables for digital communications.

2. It maintains a global presence across 8 countries with a comprehensive product range.

3. Its products are cost-competitive when compared to Chinese manufacturers.

4. It is one of the fastest-growing players in the industry, achieving a revenue CAGR of ~33.45% from FY24-26.

5. The company maintained the highest ROE amongst its peers in Fiscal 2025 and Fiscal 2026[21].

Key Risks

1. The company is involved in ongoing legal disputes with Orient Electric Limited regarding its corporate name and trademark usage.

2. Fluctuations in the cost of raw materials like copper, aluminium, and polymers can squeeze profit margins.

3. Reliance on top customers and suppliers may increase exposure to demand fluctuations and procurement risks.

4. Investment decisions based on commissioned industry reports carry inherent risks.

Orient Cables (India) Ltd. intends to utilize the Net Proceeds from the Fresh Issue for capital expenditure, debt repayment, and general corporate purposes. The company has allocated specific funds for these objectives as detailed below.

Utilization of Net Proceeds

Particulars	Estimated Amount (₹ million)
Capital Expenditure	915.00
Debt Repayment	1,555.00
General Corporate Purposes	Not to exceed 25% of Gross Proceeds

How to Check Orient Cables IPO Allotment Status

Allotment for the Orient Cables IPO is expected to be finalised on Wednesday, September 30, 2026. To check your allotment status:

1. Registrar website: Go to the KFin Technologies IPO allotment page, select Orient Cables (India) Limited, and enter your PAN, application number or DP/Client ID.

2. BSE: Visit the BSE IPO application status page, select Issue Type Equity and Orient Cables (India) Limited, then enter your PAN and application details.

3. NSE: Visit the NSE IPO bid verification page and enter your PAN and application number to check your bid and allotment status.

If you are allotted shares, they are expected to be credited to your demat account on October 1, 2026. For applicants who do not receive an allotment, the blocked amount is expected to be released on October 1, 2026. The shares are scheduled to list on October 5, 2026.

Orient Cables IPO FAQs

What is the Orient Cables IPO price band?

The Orient Cables IPO price band is ₹258 to ₹272 per share, with a face value of ₹1 per share. The minimum bid is one lot of 55 shares.

When does the Orient Cables IPO open and close?

The Orient Cables IPO will open on Friday, September 25, 2026, and close on Tuesday, September 29, 2026. The UPI mandate must be approved by 5 PM on September 29, the closing day.

What is the Orient Cables IPO lot size and minimum investment?

The Orient Cables IPO lot size is 55 shares. At the upper price band of ₹272, the minimum investment is ₹14,960. Retail investors can apply for up to 13 lots, or 715 shares, requiring ₹1,94,480 at the upper price band.

What is the Orient Cables IPO GMP today?

The Orient Cables IPO GMP should be updated with the latest available market data. GMP is an unofficial indicator of market sentiment, can change quickly, and does not guarantee the actual listing price or returns.

How many times has the Orient Cables IPO been subscribed?

The Orient Cables IPO subscription figures will be updated once the issue opens for public bidding on September 25, 2026. The final subscription data will be available after the IPO closes on September 29, 2026.

What is the Orient Cables IPO allotment date, and how can I check it?

The Orient Cables IPO allotment is expected to be finalised on Wednesday, September 30, 2026. Investors can check their allotment status through the KFin Technologies registrar website using their PAN, application number or DP/Client ID. The status can also be checked through the BSE and NSE websites.

When will Orient Cables shares list?

Orient Cables shares are expected to list on the BSE and NSE on Monday, October 5, 2026. Shares are expected to be credited to successful applicants’ demat accounts on October 1, 2026.

Is the Orient Cables IPO a fresh issue or an OFS?

The Orient Cables IPO consists of both a fresh issue and an offer for sale (OFS). The fresh issue is worth ₹320 crore, while the OFS is worth ₹232 crore, taking the total issue size to approximately ₹552 crore.

How will Orient Cables use the IPO money?

The company plans to use the IPO proceeds for capital expenditure, including the purchase of machinery, equipment and civil works at its manufacturing facilities. A portion of the proceeds will also be used for repayment or prepayment of certain outstanding borrowings, while the remaining amount will be used for general corporate purposes.

Who are the promoters of Orient Cables, and how much will they own after the IPO?

The promoters include Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust and Garima Family Trust. Their combined holding is expected to decline from 100% before the IPO to 82.17% after the issue.

Who is the registrar and lead manager of the Orient Cables IPO?

KFin Technologies Limited is the registrar to the Orient Cables IPO. IIFL Capital Services Limited and JM Financial Limited are the book-running lead managers.

What are the main risks of the Orient Cables IPO?

Key risks include the company’s dependence on a concentrated customer base, exposure to demand in its networking cables and solutions business, and sensitivity to raw material costs and operating conditions. Investors should refer to the IPO’s Red Herring Prospectus for the complete list of risk factors.