Orient Cables IPO Details, GMP, Price Band & Dates

1. Company Overview

Business Profile: Incorporated in September 2005 and headquartered in Delhi, Orient Cables (India) Limited is a premier Indian manufacturer of networking cables and passive networking equipment. The company commands an estimated 22.9% market share in India’s networking cable market as of FY26.
Product Portfolio:
- Networking Cables & Accessories: CAT5, CAT5e, CAT6, and CAT6A ethernet cables, patch cords, keystone jacks, and server accessories.
- Specialty Power & Telecom Cables: Coaxial/CCTV cables, instrumentation and control cables, power cords, optical fibre cables (OFC), and fibre patch cords.
- Emerging Product Lines: EV charging cables, solar junction boxes, E-beam irradiated specialty cables, cable harnesses, and tethered drone cabling systems.
Manufacturing Facilities: Operates three manufacturing units with an aggregate installed capacity of 895,776 km per annum:
- Two facilities located at Bhiwadi, Rajasthan.
- One newly commissioned unit at Bengaluru, Karnataka (operational since May 2026).
End-User Markets: Serves clients across telecom, broadband, data centers, renewable energy, automotive, smart building automation, and system integration sectors.

Market Position & Scale: Revenue generated from broadband and telecommunication sectors accounts for ~70% of total sales, with data centers and industrial electronics contributing the remaining 30%.
Competitive Strengths:
- Strong market share expansion from ~16% in FY22 to ~22.9% in FY26.
- Backward integration with capability to handle copper drawing, insulation, and outer sheathing in-house.
- Diversified market footprint spanning fast-growing sectors like 5G infrastructure, cloud data centers, and EV ecosystem supply chains.
Key Risks:
- Customer Concentration: The top 10 clients contributed ~84% of revenue in the quarter ended June 30, 2026.
- Raw Material Volatility: Susceptible to fluctuations in international copper, aluminum, and polymer prices.
- Margin Pressure: EBITDA margin compressed to ~8.23% in FY26 due to input cost inflation, despite strong top-line revenue growth.

Issue Type & Platform: Mainboard Book Built Issue listing on BSE and NSE.
Key Bidding Dates:
- IPO Open Date: September 25, 2026
- IPO Close Date: September 29, 2026
- Basis of Allotment: September 30, 2026
- Tentative Listing Date: October 5, 2026
Pricing & Lot Structure:
- Price Band: ₹258 to ₹272 per equity share (Face Value: ₹1 per share).
- Total Issue Size: ₹552.00 Crores (2,02,94,114 equity shares):
  - Fresh Issue: ₹320.00 Crores (1,17,64,705 shares)
  - Offer for Sale (OFS): ₹232.00 Crores (85,29,409 shares)
- Lot Size: 55 shares per lot.
- Minimum Retail Investment: ₹14,960 (1 lot at upper price band).
Objects of the Issue:
1. Funding ₹91.50 Cr capital expenditure for machinery, equipment, and civil works at manufacturing facilities.
2. Prepayment or repayment of outstanding borrowings (~₹155.50 Cr).
3. General corporate purposes.
Intermediaries:
- Book Running Lead Managers: IIFL Capital Services Ltd., JM Financial Ltd.
- Registrar: KFin Technologies Ltd.

(Figures in ₹ Crores, unless stated otherwise)

Key Ratios (FY26):
- Return on Equity (ROE): 25.84%
- Return on Capital Employed (ROCE): 23.82%
- Debt-to-Equity Ratio: 0.94x
- Net Asset Value (NAV): ₹23.11 per share