Orient Cables (India) (Mainboard IPO)
📅 Dates: 25 - 29 Sep • 💰 Issue Size: 2,02,94,114 shares (agg. up to ₹552 Cr)Complete guide to Orient Cables (India) Mainboard IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | Mainboard IPO (BSE, NSE) |
| Issue Dates | 25 - 29 Sep |
| Price Band | ₹258 to ₹272 |
| Total Issue Size | 2,02,94,114 shares (agg. up to ₹552 Cr) |
| Minimum Market Lot | 55 shares (Min. Inv: ₹14,960) |
| Listing Price (Debut) | ₹400.30 (+₹3.40 (+0.86%) 🚀) |
| Subscription Status | 97.28x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐⭐⭐ (5/5 - Blockbuster Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 192.68x |
| Non-Institutional / HNI | 121.90x |
| Retail Individual (RII) | 32.21x |
| Total Subscription | 97.28x (Updated: 07 Oct, 17:48) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Orient Cables makes networking cables, specialty power and optical fibre cables, plus allied products like solar junction boxes and drone harnesses from its facilities, with 794,976 km of installed capacity as of March 2025. It sells largely to telecom, broadband, data centre, renewable energy, and automotive customers, so the money comes from B2B orders and repeat contracts rather than retail walk-ins.🚀 Key Strengths & Growth Drivers
• Specialty focus, not commodity: the mix leans toward customised telecom and optical fibre cables, which typically carry better margins than plain vanilla power cables.• Tailwinds are real: broadband expansion, data centre buildout, solar and smart building automation all need exactly the kind of cabling they make.
• Marquee client relationships and an experienced promoter group with professional management give some comfort on order visibility and execution.
⚠️ Key Risks & Red Flags
• Cable manufacturing is working-capital heavy: inventory, receivables, and copper price swings can eat cash even when revenue looks healthy.• Client concentration is a genuine question mark. If a few large telecom or infra customers slow down orders, the topline feels it fast.
• The new products (E-beam cables, solar junction boxes, tethered drones) are still early-stage. Don't price them in as proven revenue yet.
🎯 Retail Verdict
This is a decent specialty cable play riding real infra and telecom tailwinds, but it's not a cheap or asset-light business. Listing pop depends on subscription and market mood, so don't chase a crazy grey market premium. If you're in for the long haul, track their order book, receivable days, and whether the new product lines actually scale before adding more.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Fri, Sep 25, 2026 |
| IPO Close | Tue, Sep 29, 2026 |
| Allotment | Wed, Sep 30, 2026 |
| Refund | Thu, Oct 1, 2026 |
| Credit of Shares | Thu, Oct 1, 2026 |
| Listing | Mon, Oct 5, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹1,94,480 |
| S-HNI (Min) | 14 | 770 | ₹2,09,440 |
| S-HNI (Max) | 66 | 3630 | ₹9,87,360 |
| B-HNI (Min) | 67 | 3685 | ₹10,02,320 |
💰 Financial Summary
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 427.19 | 293.22 | 236.58 |
| Total Income | 831.86 | 664.98 | 546.09 |
| Profit After Tax | 53.29 | 40.07 | 25.96 |
| EBITDA | 83.86 | 58.82 | 43.33 |
| NET Worth | 180.67 | 127.54 | 87.56 |
| Reserves and Surplus | 170.47 | 126.52 | 86.54 |
| Total Borrowing | 115.27 | 36.97 | 37.98 |
| Amount in ₹ Crore |
🏢 About Orient Cables (India)
Orient Cables (India) operates in the cable manufacturing space with a product portfolio spanning three segments: networking cables and solutions, specialty power and optical fibre cables and solutions, and other allied products. Its offerings serve industries such as broadband, telecom, data centres, renewable energy, smart building automation and security, system integration, FMEG, and automotive. As of March 31, 2025, the company had an installed capacity of 794,976 kilometres of cables. It is also developing new products including E-beam irradiated specialty cables, solar junction boxes, tethered drone systems, and harnesses and power cords. The company positions itself as a specialty cable manufacturer for telecommunications, with a diversified range of customised products, long-standing relationships with marquee clients, strategically located manufacturing facilities focused on innovation, and an experienced promoter group supported by professional management.💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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