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Orient Cables Debuts with 65% Premium: What's Next for Investors?
M
Moneycontrol•05-10-2026, 10:05
Orient Cables Debuts with 65% Premium: What's Next for Investors?
- •Orient Cables shares made a strong market debut, listing at over a 65 percent premium to its IPO price.
- •The company's IPO was subscribed 92.27 times between September 25 and 29.
- •Shares listed at Rs 450 on the NSE and Rs 448.10 on the BSE, significantly higher than the Rs 258-272 price band.
- •The market capitalization post-listing reached Rs 5,099.36 crore.
- •The debut exceeded grey market expectations, which had predicted a 40-45 percent listing gain.
Key Questions Answered
Orient Cables shares were listed at Rs 450 per share on the National Stock Exchange (NSE), representing a robust premium of 65.44 percent over its initial public offering price.
The initial public offering of Orient Cables received an overwhelming response, getting subscribed 92.27 times overall when bidding closed.
The Orient Cables IPO was valued at Rs 552 crore with a price band fixed between Rs 258 and Rs 272 per share.
