Orient Cables IPO to Open September 25; Issue Size ₹552 Crore

Bilkul Bazaar

Ahmedabad

Price band fixed at ₹258–₹272 per share

Orient Cables (India) Limited will open its Initial Public Offering (IPO) for subscription on September 25, 2026, with the issue closing on September 29, 2026. The company has fixed the price band at ₹258 to ₹272 per equity share, with a face value of ₹1 per share. The Anchor Investor bidding period will be held on September 24.

The company announced the IPO details at a media conference in Ahmedabad attended by Vipul Nagpal, Chairman & Managing Director, Orient Cables; Rahul Sharma, Chief Financial Officer; and Chetan Pandit, Vice President, JM Financial.

₹552-Crore IPO comprises fresh issue and OFS

The total IPO size is up to ₹5,520 million (₹552 crore). This comprises a fresh issue of up to ₹320 crore and an offer for sale of up to ₹232 crore by existing promoter selling shareholders.

The OFS includes shares offered by Vipul Nagpal, Garima Nagpal, Vipul Family Trust and Garima Family Trust.

Fresh issue proceeds to strengthen manufacturing capabilities

Orient Cables proposes to utilise the estimated ₹320 crore net proceeds from the fresh issue towards capital expenditure, including the purchase of machinery and equipment and civil works at its manufacturing facilities.

Part of the proceeds will also be used for repayment or prepayment of certain outstanding borrowings, with the balance allocated towards general corporate purposes.

Minimum bid lot fixed at 55 shares

Investors can bid for a minimum of 55 equity shares and in multiples of 55 thereafter. The IPO is being conducted through the book-building process under the applicable SEBI ICDR Regulations.

Not more than 50% of the offer is available for allocation to QIBs, while not less than 15% is reserved for Non-Institutional Investors and not less than 35% for Retail Individual Investors, subject to the applicable provisions and valid bids.

IIFL Capital and JM Financial are lead managers

IIFL Capital Services Limited and JM Financial Limited are the Book Running Lead Managers to the issue. The equity shares are proposed to be listed on both the BSE and NSE.

Short Snapshot

Orient Cables IPO — At a Glance

• IPO Size: ₹552 crore
• Fresh Issue: ₹320 crore
• Offer for Sale: ₹232 crore
• Price Band: ₹258–₹272 per share
• IPO Opens: September 25, 2026
• IPO Closes: September 29, 2026
• Anchor Bidding: September 24, 2026
• Minimum Bid: 55 shares
• Fresh Issue Use: Manufacturing capex, debt repayment/prepayment and general corporate purposes
• Lead Managers: IIFL Capital Services and JM Financial
• Listing: NSE and BSE

Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.

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