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Orient Cables IPO Subscribed Over 92 Times, Debut Expected October 5
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News18•29-09-2026, 20:15
Orient Cables IPO Subscribed Over 92 Times, Debut Expected October 5
- •Orient Cables India Ltd's initial public offering (IPO) was subscribed 92.27 times on its final day of bidding.
- •The Rs 552-crore IPO received bids for over 1.38 billion shares against 14.97 million shares on offer.
- •Qualified Institutional Buyers (QIBs) subscribed 182.76 times, non-institutional investors 115.63 times, and retail investors 30.55 times.
- •The company raised Rs 165.6 crore from anchor investors and set the IPO price band at Rs 258-272 per share.
- •Proceeds will fund capital expenditure, debt repayment, and general corporate purposes; the company specializes in networking and optical fibre cables.
Key Questions Answered
The initial public offering of Orient Cables India Ltd was subscribed 92.27 times on the final day of bidding on Tuesday.
Orient Cables India Ltd is expected to make its stock market debut on October 5.
The proceeds from the fresh issue will be used for capital expenditure toward purchasing machinery, equipment, and civil works at manufacturing facilities, repaying certain borrowings, and for general corporate purposes.
