Orient Cables (India) Limited IPO
ListedMainboardCables
92.27×
Subscribed
Price band
₹258 – ₹272
Lot size
55
1 lot = ₹14,960
Issue size
₹552 Cr
Open – close
25 Sept 2026
to 29 Sept 2026
Listing
05 Oct 2026
Listing gain
+65.44%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens25 Sept 2026
- Closes29 Sept 2026
- Allotment30 Sept 2026
- Listing05 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB182.76x
Non-institutionalNII / HNI115.63x
Big NIIabove ₹10L123.18x
Small NII₹2L – ₹10L100.53x
Retail individualRII30.55x
38,45,284 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 29 Sept 2026.
Chance of allotment
Retail30.55× subscribed
~1 in 30.6
Minimum 1 lot · 55 shares · ₹14,960 blocked
Retail is 30.55× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 30.6 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII115.63× subscribed
~1 in 115.6
Minimum 14 lots · 770 shares · ₹2,09,440 blocked
HNI is 115.63× subscribed. This category is allotted proportionately, so a bid receives roughly 1/115.6 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹123+45.2%
over the upper band · last seen 19 Oct 2026 · rising since 24 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹258 – ₹272
Face value₹1
Lot size55shares
Minimum application₹14,960at cut-off
Total issue size₹552 Cr
Fresh issue₹320 Cr
Offer for sale₹232 Cr
Listing atMainboard
Anchor investorsAllotted
Company & valuation
ROE13.17%
ROCE10.36%
Debt/Equity0.95
RoNW13.17%
PAT Margin6.77%
EBITDA Margin11.22%
NAV26.34
Price to Book Value10.33
ISININE0J1N01028
RegistrarKFin Technologies Limited
Lead managersIIFL Capital Services Limited, JM Financial Limited
42.0% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 1,01,47,058 | — |
| Anchor Investor | 60,88,233 | — |
| QIB (Ex. Anchor) | 40,58,825 | — |
| NII (HNI) | 30,44,118 | — |
| bNII > ₹10L | 20,29,412 | 2635.00% |
| sNII < ₹10L | 10,14,706 | 1317.00% |
| Retail | 71,02,941 | 129144.00% |
Total issue 2,02,94,117 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Retail (Min)₹14,9601 lot · 55 sh
Retail (Max)₹1,94,48013 lots · 715 sh
S-HNI (Min)₹2,09,44014 lots · 770 sh
S-HNI (Max)₹9,87,36066 lots · 3,630 sh
B-HNI (Min)₹10,02,32067 lots · 3,685 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted60,88,233
Anchor portion₹165.6 Cr
Bid date24 Sept 2026
Lock-in ends (50%)30 Oct 2026
Lock-in ends (rest)29 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities₹91.5 Cr
- 02Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company₹155.5 Cr
- 03General Corporate Purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Orient Cables (India) Limitedthis issue | 5.27 | — | 23.11 | 25.84% |
| RR Kabel Limited | 43.53 | 227.61 | 54.85 | 20.83% |
| Polycab India Limited | 177.53 | 805.50 | 46.69 | 24.58% |
| Finolex Cables Limited | 46.67 | 397.93 | 26.29 | 12.33% |
| Havells India Limited | 26.95 | 150.95 | 42.69 | 18.97% |
| KEI Industries Limited | 96.09 | 697.17 | 48.99 | 14.75% |
| Paramount Communications Limited | 1.96 | 33.47 | 7.99 | 7.99% |
| Birla Cable Limited | 5.63 | 93.63 | 6.33 | 6.33% |
| Sterlite Technologies Limited | 1.15 | 46.46 | 2.63 | 708.38% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company is involved in ongoing trademark litigation with Orient Electric Limited regarding the use of the 'ORIENT' brand and marks. The High Court dismissed the Company's appeal against the Regional Director's jurisdiction, and a counter civil suit filed by Orient Electric is currently pending w
mediumThe Company's operations are dependent on the price and availability of primary raw materials, specifically copper and PVC Compounds. Over 74.91% of raw materials were sourced from the top 10 suppliers in the three months period ended June 30, 2026. Significant increases, fluctuations, shortages, or
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+7.7%
Listed up
8 of 8
Best
+65.3%
BLS Polymers Limited
Worst
0.6%
EAAA India Alternatives Limited
Bombay Coated and Special Steels Limitedsame segment
60.8× sub+11.0%
M. K. Sons Fine Jewels Limitedsame segment
5.1× sub+5.6%
BLS Polymers Limitedsame segment
241.2× sub+65.3%
SFC Environmental Technologies Limitedsame segment
9.5× sub+7.6%
EAAA India Alternatives Limitedsame segment
5.3× sub+0.6%
Paras Healthcare Limitedsame segment
2.2× sub+3.9%
Jio Platforms Limitedsame segment
21.6× sub+21.4%
Sahajanand Medical Technologies Limitedsame segment
14.2× sub+7.9%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Orient Cables (India) Limited
Orient Cables (India) Limited is a manufacturing company focused on networking cables and passive networking equipment. It manufactures networking cables such as CAT5, CAT5e, CAT6, and CAT6A, along with patch cords, CCTV, and coaxial cables. Its specialty power and optical fibre cable products include instrumentation, control and power cables, Unitube and Multitube optical fibre cables, fibre patch cords and custom assemblies. The company also assembles wire and cable harnesses, EV charging gun cables and other ancillary components. Its other products include keystone jacks, power strips, and power cords. The company provides customised products based on customer requirements and specifications. It has also commenced commercial production of E-Beam irradiated specialty cables and has introduced products such as solar junction boxes and tethered drone systems. As of June 30, 2026, its installed capacity for networking cables, specialty power cables and optical fibre cables was 895,776 kilometres.
Founded 2005MD Mr Vipul NagpalSector Cables
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Orient Cables (India) Limited IPO GMP today?
The most recent grey-market premium recorded for Orient Cables (India) Limited is ₹123 per share — about 45.2% over the ₹272 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Orient Cables (India) Limited IPO subscribed?
Orient Cables (India) Limited is subscribed 92.27× overall (QIB 182.76×, NII 115.63×, retail 30.55×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, KFin Technologies Limited.
What is the minimum investment in the Orient Cables (India) Limited IPO?
One lot is 55 shares, so a retail application at the ₹272 cut-off price blocks ₹14,960. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Orient Cables (India) Limited IPO?
The retail portion is subscribed 30.55×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 31. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Orient Cables (India) Limited IPO allotment date?
Allotment is scheduled for 2026-09-30, with listing on 2026-10-05. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KFin Technologies Limited.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.