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Orient Cables IPO
Price Band
₹258.0–272.0
Issue Size
₹552.0 Cr
Lot Size
55 shares
Min Investment
₹14,960
GMP
+₹90.0 (33.09%)
Issue Price
₹272.0
Subject to Sauda
₹3800
Paid only if allotted
Orient Cables IPO AI Summary
- Orient Cables IPO is open now on BSE, NSE in the Cables - Electricals sector.
- Price band: ₹258.0–₹272.0 per share, lot size 55 shares (min. investment ₹14,960).
- Subscription window: 25 Sep–29 Sep 2026, listing on 05 Oct 2026.
- Current GMP is +₹90.0 (33.09%), an estimated listing price of ₹362 — unofficial and can change daily.
Orient Cables is a manufacturer of specialized cable solutions with a diverse product portfolio catering to various industries. The IPO aims to raise ₹552.0 Cr, with funds allocated for capital expenditures, debt repayment, and general corporate purposes. The company shows promising revenue growth, though the latest profit figure is for a 9-month period and not directly comparable to full-year results.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Orient Cables IPO — Third-Party Research Views
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minOverall Subscription
2.07x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
0.01x
|
0.01x |
| NII (HNI) |
3.67x
|
3.67x |
| ↳ bNII (>₹10L) |
2.69x
|
2.69x |
| ↳ sNII (<₹10L) |
5.61x
|
5.61x |
| Retail (RII) |
2.56x
|
2.56x |
| Total | 2.07x | 2.07x |
Auto-updated every 5 min · As of 25th Sep 2026 17:09
Orient Cables IPO Grey Market Premium (GMP) Today
GMP
+₹90.0
GMP %
+33.09%
Est. Listing
₹362.0
Updated: 28 Sep 2026 02:00
GMP Trend (Last 5 Days)
TopFund Score — Listing Data Indicator
GMP is 33.1% above issue price
QIB subscribed 0.01x
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 18.1% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Orient Cables is engaged in the manufacturing and supply of networking cables, passive networking components, and specialized cable solutions. The company's product offerings are broadly classified into three key business segments: Networking Cables and Connectivity Solutions Specialty Power Cables and Optical Fibre Cable Solutions Allied and Complementary Products Its products cater to a wide range of industries and applications, including telecommunications, broadband infrastructure, data centres, renewable energy projects, smart building systems, security and surveillance networks, system integration, fast-moving electrical goods (FMEG), and the automotive sector. As of March 31, 2025, the company had an aggregate installed manufacturing capacity of approximately 794,976 kilometres of cables. To expand its product portfolio and address emerging market opportunities, Orient Cables is developing and introducing new products such as E-beam irradiated specialty cables, solar junction boxes, tethered drone systems, harness assemblies, and power cords. Competitive Strengths: Established presence as a manufacturer of specialty cable solutions for the telecommunications industry. Broad and diversified portfolio of customized products serving multiple end-user sectors. Long-term business relationships with a wide base of reputed customers. Strategically located manufacturing facilities supported by a focus on innovation and product development. Strong leadership team comprising experienced promoters and professional management personnel.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 743.19 | 580.79 | 427.19 | 293.22 |
| Total Income | 490.94 | 1,181.67 | 831.86 | 664.98 |
| Profit After Tax | 32.78 | 53.56 | 53.32 | 40.07 |
| EBITDA | 54.89 | 96.40 | 83.86 | 58.82 |
| NET Worth | 268.76 | 235.84 | 180.70 | 127.54 |
| Reserves and Surplus | 257.35 | 224.34 | 170.50 | 126.52 |
| Total Borrowing | 258.46 | 234.19 | 113.45 | 36.73 |
Key Ratios
EPS
₹5.25
NAV
₹23.11
ROE
25.84%
ROCE
23.82%
RoNW
25.84%
P/B Value
11.77
P/E Ratio
51.81
Market Cap
₹3095.35 Cr
PAT Margin
4.55%
Debt/Equity
0.94
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sterlite Technologies Limited | 46.46 | 2.63% | 708.38 | 1.15 | 1.11 |
| Birla Cable Limited | 93.63 | 6.33% | 63.54 | 5.63 | 5.63 |
| Paramount Communications Limited | 25.49 | 7.99% | 33.47 | 1.96 | 1.96 |
| KEI Industries Limited | 697.17 | 14.75% | 48.99 | 96.09 | 96.02 |
| Havells India Limited | 150.95 | 18.97% | 42.69 | 26.95 | 26.94 |
| Finolex Cables Limited | 397.93 | 12.33% | 26.29 | 46.67 | 46.67 |
| Polycab India Limited | 805.5 | 24.58% | 46.69 | 177.53 | 176.95 |
| RR Kabel Limited | 227.61 | 20.83% | 54.85 | 43.53 | 43.52 |
| Orient Cables (India) Limited This IPO | 23.11 | 25.84% | — | 5.27 | 5.27 |
Promoters
Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust, Garima Family Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities 91.50 2 Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company 155.50 3 General Corporate Purposes
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹664.98 Cr in the period ending 31 Mar 2024, rising to ₹831.86 Cr by 31 Mar 2025, then increasing further to ₹1,181.67 Cr by 31 Mar 2026. However, the latest figure of ₹490.94 Cr for the period ending 30 Jun 2026 is a 9-month figure and not directly comparable to the full-year figures.
Profit Trend
Profit After Tax was ₹40.07 Cr in the period ending 31 Mar 2024, increasing to ₹53.32 Cr by 31 Mar 2025, and then to ₹53.56 Cr by 31 Mar 2026. The latest figure of ₹32.78 Cr for the period ending 30 Jun 2026 is also a 9-month figure and not directly comparable to the full-year figures.
Valuation
At the issue price of ₹272.0, Orient Cables has an implied P/E ratio of 51.81, compared to peers trading in a range of approximately 26.29 to 708.38.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which an IPO is expected to list compared to its issue price. A positive GMP suggests that investors are willing to pay more than the issue price, indicating strong demand.
Subscription Demand
As of 25th September 2026, the IPO was subscribed 2.07 times overall. The subscription details by category show that the Non-Institutional Investors (NII) segment had a subscription of 3.67 times, while Retail Investors (RII) subscribed 2.56 times. The Qualified Institutional Buyers (QIB) segment had a much lower subscription of just 0.01 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk appetite and investment goals. Consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those looking for guaranteed returns may want to avoid IPOs, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 25th September 2026 and closes on 29th September 2026. Allotment of shares is expected on 30th September 2026, with the listing date set for 5th October 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on the first day of trading. However, these gains are not guaranteed, and investors should be aware of the risks involved, including market volatility and the possibility of losses.
This evaluation is generated from Orient Cables's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Orient Cables IPO GMP today?
Orient Cables IPO GMP today is +₹90.0 (33.09%), indicating an estimated listing price of ₹362. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Orient Cables IPO?
The price band of Orient Cables IPO is ₹258.0–₹272.0 per share.
When does Orient Cables IPO open and close?
Orient Cables IPO opens on 25 September 2026 and closes on 29 September 2026.
When does Orient Cables IPO list on the stock exchange?
Orient Cables IPO is scheduled to list on 05 October 2026, with an estimated listing price of ₹362.0 based on current GMP.
What is the lot size for Orient Cables IPO?
The lot size for Orient Cables IPO is 55 shares, requiring a minimum investment of ₹14,960.
What is the TopFund Listing Data Indicator for Orient Cables?
Orient Cables's Listing Data Indicator score is 51/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the lot size for the Orient Cables IPO?
The lot size for the Orient Cables IPO is 55 shares.
What is the minimum investment required?
The minimum investment required is ₹14,960.0.
What is the price band for the IPO?
The price band for the IPO is between ₹258.0 and ₹272.0.
When is the listing date for the IPO?
The listing date for the IPO is 5th October 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the IPO will list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2026
Close
29 Sep 2026
Allotment
30 Sep 2026
Listing
05 Oct 2026
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