Orient Cables IPO
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Orient Cables IPO details
Schedule of Orient Cables
| Issue open date | 25 Sep 2026 |
| Issue close date | 29 Sep 2026 |
| UPI mandate deadline | 29 Sep 2026 (5 PM) |
| Allotment finalization | 30 Sep 2026 |
| Refund initiation | 01 Oct 2026 |
| Share credit | 01 Oct 2026 |
| Listing date | 05 Oct 2026 |
| Mandate end date | 14 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Orient Cables
Orient Cables is a manufacturer and exporter of networking cables, optical fibre cables, and passive networking infrastructure components. The company produces a wide range of products including E-beam irradiated specialty cables, keystone jacks, power cords, and control cables across its three manufacturing facilities, with two located in Rajasthan and one in Karnataka. The core business generates revenue primarily from the business-to-business sale of networking cables and solutions to domestic and international markets, including the Middle East, North America, and various other countries. Orient Cables procures raw materials such as copper, polyvinyl chloride compounds, high-density polyethylene, and masterbatches from third-party suppliers to produce its goods. The company operates multiple production units to maintain capacity for its networking and allied products, aiming to serve as a comprehensive provider of passive cable ecosystem components for telecommunications, automotive, and other end-user industries.
Financials of Orient Cables
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 552 |
| Fresh Issue – Proceeds go to the company | 320 |
| Offer for sale – Proceeds go to the existing investors | 232 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure for machinery, equipment and civil works | 91.5 (28.59%) |
| Repayment or prepayment of certain outstanding borrowings | 155.5 (48.59%) |
| General corporate purposes | 73 (22.82%) |
Strengths
- Three strategic manufacturing units across Rajasthan and Karnataka.
- Diversified passive networking and specialty cable product portfolio.
- Established global and domestic quality certifications (BIS, UL, CE).
- Broad market reach across India and export destinations like the Middle East.
- Early mover advantage in organized domestic keystone jack manufacturing.
Risks
- High supplier concentration without long-term supply agreements.
- Top 10 customers account for over 84% of total revenue.
- Uncertain market acceptance for planned new product line expansions.
- Foreign anti-dumping duties and tariffs may reduce export competitiveness.
- Recent negative operating cash flows due to high working capital needs.