Orient Cables (India) Limited IPO
ORIENTCABL · Mainboard · 25–29 Sep 2026 · archived record
Half market demand (GMP, subscription, institutional bids), half offer-document data (valuation, profit trend, fresh issue vs OFS, debt, promoters, sector). Missing inputs are left out, not guessed. Not an apply/avoid recommendation.
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No archived readings yet. Marketframe stores a reading every 15 minutes while an issue is live.
58% of the money goes to the company; the rest goes to shareholders selling their stake.
- ₹91.5 Cr: machinery, equipment and civil works at its factories (spent FY27–FY29)
- ₹155.5 Cr: repay borrowings (all in FY27)
- Up to 25% of the fresh issue: general corporate purposes
- OFS of ₹232 Cr goes to the promoters, not the company
Qualified institutional buyers are mutual funds, banks, insurers and foreign funds, and they read the full prospectus. They usually bid on the last day, so a low QIB number early in the window is normal. A low one at the close is not.
Promoter holding: 100% before the issue; about 82% after (our estimate at ₹272, as the RHP leaves it blank)
- Revenue: ₹657.8 Cr (FY24) → ₹825.0 Cr (FY25) → ₹1,171.7 Cr (FY26)
- Profit: ₹40.1 Cr → ₹53.3 Cr → ₹53.8 Cr
- FY26 revenue grew 42% but profit only 1%; PAT margin fell from 6.41% to 4.55%
- ROE fell from 37.3% (FY24) to 34.6% (FY25) to 25.8% (FY26)
- About 51.6× FY26 earnings at ₹272 (diluted EPS ₹5.27)
- The RHP's listed cable peers mostly trade at 26×–64× (prices as of 7 Sep 2026)
- Market leader in networking cables (22.9% share in FY26 per the RHP)
- Revenue CAGR of 33% from FY24 to FY26
- Top 10 customers are 76.5% of FY26 revenue (84% in Apr–Jun 2026)
- Negative operating cash flow in FY25, FY26 and Apr–Jun 2026
- A promoter-group member (the promoter's sister) is on a wilful defaulters list; RHP says the loan was repaid but the bank's no-objection is pending
- Both factories are in Rajasthan; auditors flagged CARO observations for FY24–FY26
- Source: Orient Cables RHP filed with NSE, September 2026
In 5 of the last 5 years, the typical Capital Goods stock did better than the typical listed stock.
| Year | Typical stock | Clean average | Stocks up | Whole market | Abnormal moves set aside |
|---|---|---|---|---|---|
| 2021 | +64.1% | +84.6% | 93% of 72 | +45.5% | None |
| 2022 | +20.0% | +30.2% | 73% of 78 | +3.0% | None |
| 2023 | +92.7% | +108.3% | 96% of 82 | +43.5% | None |
| 2024 | +36.5% | +45.5% | 85% of 93 | +23.1% | DIACABS +860.7%, WEBELSOLAR +575.3%, SHAKTIPUMP +525.9% |
| 2025 | -4.0% | -0.1% | 47% of 103 | -4.2% | None |
| 2026 YTD | +8.3% | +21.6% | 61% of 116 | -2.8% | None |
Calendar-year returns of the Capital Goods companies in the Nifty Total Market index, adjusted for splits and bonuses. The typical stock is the median, so one stock's spike or crash cannot pass for the whole sector. Moves more than three interquartile ranges from the middle are named and left out of the clean average. Only companies listed today are counted, so ones that collapsed and delisted are missing and past returns look better than they were. Past sector returns say nothing certain about this IPO.
Use NSE's official IPO bid and allotment verification page.
nseindia.comWhat is the GMP of Orient Cables (India) Limited today?
The latest unofficial grey market premium for Orient Cables (India) Limited is — (31.25% of the upper price band), sourced from InvestorGain. GMP is unofficial and unregulated.
What is the price band of Orient Cables (India) Limited?
The price band is ₹258–₹272 per share, as filed with NSE.
When does Orient Cables (India) Limited open and close?
The issue window is 25–29 Sep 2026. The current status is closed.
How much is Orient Cables (India) Limited subscribed?
Live subscription figures are published by NSE once bidding opens.
Is Orient Cables (India) Limited a good IPO to apply for?
Marketframe does not publish apply or avoid calls. The Marketframe score combines market demand (GMP, subscription, institutional bids) with facts from the offer document (valuation against listed peers, profit trend, fresh issue vs OFS, debt, promoter holding and sector record). It is an automated summary of data, not a recommendation or investment advice. Read the RHP and consult a SEBI-registered adviser.
↑Issue schedule verified from NSE
!GMP is unofficial and not verified by NSE
!Read the RHP risk factors before applying
Schedule, price band and live subscription data are sourced from NSE India. *GMP is sourced from InvestorGain, is unofficial and unregulated. The Marketframe score summarises market demand and offer-document data; it does not predict listing gains or returns. Marketframe does not provide investment advice. Verify every decision using SEBI, NSE, BSE and the relevant offer document.