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Orient Cables to Launch Rs 552-Crore IPO on September 25; Listing Expected October 5
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Moneycontrol•21-09-2026, 20:26
Orient Cables to Launch Rs 552-Crore IPO on September 25; Listing Expected October 5
- •Orient Cables, a Gurugram-headquartered networking equipment maker, will open its Rs 552-crore IPO for public subscription on September 25.
- •The IPO includes a fresh issue of Rs 320 crore and an offer-for-sale (OFS) of Rs 232 crore by promoters; price band details will be announced on September 22.
- •The company plans to use Rs 91.5 crore from the fresh issue for machinery and civil works, and Rs 155.5 crore for debt repayment.
- •Orient Cables reported a profit of Rs 53.6 crore for FY26, a 0.5% increase, with revenue growing 42% to Rs 1,171.6 crore.
- •The IPO allotment is expected by September 30, with market debut likely on October 5; IIFL Capital Services and JM Financial are the merchant bankers.
Key Questions Answered
The Orient Cables initial public offering is worth Rs 552 crore and is scheduled to open for public subscription on September 25, 2026, with the anchor book opening on September 24.
Orient Cables plans to use Rs 91.5 crore of the fresh issue proceeds to buy machinery, equipment, and undertake civil works, and Rs 155.5 crore to repay a portion of its debt, with the remainder allocated for general corporate purposes.
Half of the offer is reserved for qualified institutional buyers, 15 percent is allocated to non-institutional investors, and the remaining 35 percent is designated for retail investors.
