Orient Cables (India) Limited has announced the launch of its initial public offering (IPO), with the ₹552 crore issue set to open for subscription on September 25, 2026. The bidding window will remain open until September 29, 2026. The Anchor Investor bidding period will take place on September 24, a day before the public issue opens.
The company has fixed the IPO price band at ₹258 to ₹272 per equity share, with each share having a face value of ₹1. Investors can bid for a minimum of 55 equity shares and in multiples of 55 shares thereafter. At the upper end of the price band, the minimum investment for retail investors would amount to ₹14,960.
The total offer size of ₹5,520 million, or ₹552 crore, comprises a fresh issue of equity shares worth up to ₹3,200 million (₹320 crore) and an offer for sale (OFS) of shares worth up to ₹2,320 million (₹232 crore) by existing promoter selling shareholders.
Under the OFS component, Vipul Nagpal will offer shares worth up to ₹672 million, while Garima Nagpal will sell shares worth up to ₹157 million. Vipul Family Trust and Garima Family Trust will offer shares worth up to ₹520 million and ₹971 million, respectively.
According to the company, the net proceeds from the fresh issue are proposed to be utilised for multiple purposes. A significant portion will be directed towards funding capital expenditure requirements, including the purchase of machinery and equipment as well as civil works at the company’s manufacturing facilities. The proceeds will also be used for repayment or prepayment, either fully or partially, of certain outstanding borrowings. The remaining funds will be utilised for general corporate purposes.
The IPO will be conducted through the book-building process in accordance with applicable Securities and Exchange Board of India (SEBI) regulations. Up to 50% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs), subject to applicable provisions.
The company may allocate up to 60% of the Net QIB Portion to Anchor Investors on a discretionary basis. A portion of the Anchor Investor allocation will be reserved for domestic mutual funds, life insurance companies and pension funds, subject to valid bids being received at or above the applicable allocation price.
Not less than 15% of the offer will be available for allocation to Non-Institutional Investors (NIIs), while not less than 35% will be reserved for Retail Individual Investors, subject to valid bids. The NII portion will include separate reservation categories based on application size.
All eligible bidders, except Anchor Investors, will be required to participate through the Application Supported by Blocked Amount (ASBA) process. UPI-based investors will also need to provide their UPI ID, where applicable, for blocking the corresponding bid amount.
IIFL Capital Services Limited, formerly known as IIFL Securities Limited, and JM Financial Limited are the Book Running Lead Managers (BRLMs) for the issue.
The equity shares are being offered through the company’s Red Herring Prospectus (RHP) dated September 21, 2026, filed with the Registrar of Companies, National Capital Territory of Delhi-I at South Delhi. Following the IPO, the company’s equity shares are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited.
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