Neutral impactIPO
Orient Cables IPO: Should you subscribe? Brokers flag growth potential, valuation risks
CNBC-TV18 1 hr ago·25 Sept 2026, 3:41 am
Orient Cables is set to open its initial public offering (IPO) for subscription, aiming to raise funds for business expansion. The company has already received strong interest from institutional investors, securing ₹165.6 crore from 14 anchor investors at the upper end of the price band. This indicates significant confidence from large funds in the company's growth prospects.
However, analysts have flagged a key risk for retail investors: the IPO appears to be priced at a premium. While the company's fundamentals are solid, the valuation is seen as steep compared to its peers. Investors should carefully weigh the company's growth potential against this high valuation before deciding to subscribe.
What to watch next: Keep an eye on the grey market sentiment and the company's financial performance in the upcoming quarters. This will help you gauge whether the current IPO price reflects the company's true value or if there is a disconnect that could impact the stock's listing performance.
Excerpt from CNBC-TV18
Ahead of the IPO opening, Orient Cables has mobilised ₹165.6 crore from 14 anchor investors. The company on September 24 allotted 60.88 lakh shares to anchor investors at ₹272 apiece, the upper end of the IPO price band. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are…Read the original at CNBC-TV18
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
