Orient Cables(C)Mainboard
Orient Cables is one of the premier companies in networking cables and passive networking equipment in India, with around 22% market share in Fiscal 2025, operating for around 20 years and supplying to advanced industries such as telecommunications, broadband, data centres, and renewable energy.
Price Band
₹272 - ₹272
Lot Size
55 Shares
Issue Size
₹552.00 Cr
Fresh Issue
₹320.00 Cr
OFS
₹232.00 Cr
Registrar
AI Sentiment Score
Current GMP
+₹115
Est. Listing: ₹387 (+42.3%)
📅 IPO Timeline
✓
Open
Sep 25, 2026
✓
Close
Sep 29, 2026
✓
Allotment
Sep 30, 2026
✓
Refund
Oct 1, 2026
5
Demat
Oct 1, 2026
6
Listing
Oct 5, 2026
✨ AI Analysis & Prediction
+30.7%
predicted listing gain
Orient Cables Mainboard IPO demonstrates exceptionally strong fundamentals, robust institutional subscription demand, and a healthy grey market premium, pointing toward a strong positive listing gain.
💪 Strengths
- Top 5 market position in networking cables in India with ~22% market share
- Strong revenue growth and solid return metrics (ROE of 25.84%, ROCE of 23.82%)
- Diversified customer base across telecom, data centres, renewable energy, and smart automation
⚠️ Weaknesses
- Moderate debt-to-equity ratio of 0.94
- Working capital intensive operations typical of cable manufacturing
🚀 Opportunities
- Expansion in high-growth sectors like renewable energy, 5G telecom, and data centers
- Capacity enhancement through fresh issue capital expenditure
🛡️ Threats
- Volatility in raw material prices such as copper and optical fibre
- Intense competition from established listed cable and wire manufacturers
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure requirements of our Company towards purchase of machinery, equipment and civil works at our Manufacturing Facilities | ₹91.50 |
| Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company | ₹155.50 |
| General Corporate Purposes | ₹305.00 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 664.98 Cr | Rs 831.86 Cr | Rs 1,181.67 Cr |
| Net Profit / PAT (₹ Cr) | Rs 40.07 Cr | Rs 53.32 Cr | Rs 53.56 Cr |
| Total Assets (₹ Cr) | Rs 293.22 Cr | Rs 427.19 Cr | Rs 580.79 Cr |
| ROE % | NA | NA | 25.84% |
| ROCE % | NA | NA | 23.82% |
| Debt / Equity | NA | NA | 0.94 |
📋 Live Subscription Status
QIB
192.68x
NII
105.99x
Retail
32.21x
Total
97.28x
Updated: Oct 2, 2026 6:36 PM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company has demonstrated steady top-line and bottom-line expansion, scaling revenues to ₹1,181.67 crores in FY2026 with a PAT of ₹53.56 crores. Strong return metrics including an ROE of 25.84% and ROCE of 23.82% underpin its market positioning among the top five networking cable companies in India.
The IPO aims to raise approximately ₹552 crores through a mix of fresh issue (₹320 crores) and an offer for sale (up to 85,29,409 shares) within a price band of ₹258 to ₹272. Backed by exceptional institutional interest and a solid grey market premium around ₹115, the issue is well-positioned for strong listing gains.