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Orient Cables IPO: ₹552 Crore Issue Opens Sept 25, Price Band ₹258-₹272; Grey Market Buzz.
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Moneycontrol•24-09-2026, 15:40
Orient Cables IPO: ₹552 Crore Issue Opens Sept 25, Price Band ₹258-₹272; Grey Market Buzz.
- •Orient Cables' ₹552 crore IPO opens on September 25, comprising 1.18 crore new shares worth ₹320 crore and an OFS of ₹232 crore.
- •The Offer For Sale (OFS) will see promoters Vipul Nagpal, Garima Nagpal, Vipul Family Trust, and Garima Family Trust selling shares.
- •The IPO price band is ₹258-₹272 per share, with a lot size of 55 shares; anchor investors can bid on September 24.
- •The company manufactures networking cables and passive networking equipment, including CAT5, CAT6, optical fiber cables, and EV charging cables.
- •Orient Cables reported a revenue of ₹1,181.67 crore and a net profit of ₹53.56 crore for the financial year 2025-26.
Key Questions Answered
The Orient Cables IPO totals ₹552 crore with a price band set at ₹258 to ₹272 per share and a lot size of 55 shares.
The IPO opens for public bidding on September 25, closes on September 29, finalizes share allotment on September 30, and expects to list on the NSE and BSE on October 5.
Fifty percent of the IPO is reserved for Qualified Institutional Buyers, 15 percent for Non-Institutional Investors, and the remaining portion for retail investors.
