Orient Cables to Launch Rs. 5.52 bn IPO on Sep 25
OIL & GAS

Orient Cables to Launch Rs. 5.52 bn IPO on Sep 25

Orient Cables (India) on Tuesday announced a price band of Rs. 258-272 per share for its Rs. 5.52 bn initial public offering (IPO). The issue will open for public subscription on September 25 and close on September 29, according to the company’s public announcement.

The IPO comprises a fresh issue of equity shares worth up to Rs. 3.2 bn and an Offer for Sale (OFS) component aggregating up to Rs. 2.32 bn. The company is scheduled to make its stock market debut on October 5.

Proceeds from the fresh issue will be used for capital expenditure, including the purchase of machinery and equipment and the execution of civil works at the company’s manufacturing facilities. The funds will also be used for the repayment or partial prepayment of certain borrowings, with a portion allocated for general corporate purposes.

Orient Cables had earlier filed preliminary papers with the Securities and Exchange Board of India (Sebi) to raise Rs. 7 bn through an IPO. That proposed issue comprised a fresh issue of Rs. 3.2 bn and an OFS of Rs. 3.8 bn. The revised issue size is lower by Rs. 1.48 bn, with the entire reduction coming from the OFS component.

The company manufactures networking cables and passive networking equipment for industries including broadband, telecommunications, data centres, renewable energy and smart building automation. Its product portfolio is divided into networking cables and solutions; specialty power and optical fibre cables and solutions; and other allied products.

JM Financial and IIFL Capital Services are the book-running lead managers for the issue, while KFin Technologies is the registrar. The proposed offering will provide Orient Cables with funds for manufacturing capacity and balance-sheet management while allowing existing shareholders to sell part of their holdings.

Orient Cables (India) on Tuesday announced a price band of Rs. 258-272 per share for its Rs. 5.52 bn initial public offering (IPO). The issue will open for public subscription on September 25 and close on September 29, according to the company’s public announcement. The IPO comprises a fresh issue of equity shares worth up to Rs. 3.2 bn and an Offer for Sale (OFS) component aggregating up to Rs. 2.32 bn. The company is scheduled to make its stock market debut on October 5. Proceeds from the fresh issue will be used for capital expenditure, including the purchase of machinery and equipment and the execution of civil works at the company’s manufacturing facilities. The funds will also be used for the repayment or partial prepayment of certain borrowings, with a portion allocated for general corporate purposes. Orient Cables had earlier filed preliminary papers with the Securities and Exchange Board of India (Sebi) to raise Rs. 7 bn through an IPO. That proposed issue comprised a fresh issue of Rs. 3.2 bn and an OFS of Rs. 3.8 bn. The revised issue size is lower by Rs. 1.48 bn, with the entire reduction coming from the OFS component. The company manufactures networking cables and passive networking equipment for industries including broadband, telecommunications, data centres, renewable energy and smart building automation. Its product portfolio is divided into networking cables and solutions; specialty power and optical fibre cables and solutions; and other allied products. JM Financial and IIFL Capital Services are the book-running lead managers for the issue, while KFin Technologies is the registrar. The proposed offering will provide Orient Cables with funds for manufacturing capacity and balance-sheet management while allowing existing shareholders to sell part of their holdings.

Related Stories

Gold Stories

Next Story
Real Estate

Japanese companies expand GCC operations in India

More than 100 Japanese companies have established or are expanding Global Capability Centres (GCCs) in India, with a growing focus on artificial intelligence (AI), engineering, digital innovation, product development, cybersecurity and advanced analytics. The shift marks an expansion beyond traditional back-office and operational support functions towards higher-value technology and innovation activities.Japanese companies are increasingly using their Indian GCCs to support digital transformation, address talent shortages and contribute to global business strategies. These centres are taking o..

Next Story
Real Estate

India’s flexible office stock projected to reach 160 million sq ft by 2030

India retained its position as the world's most mature flexible office market, scoring 100 per cent on Cushman & Wakefield's Flexible Office Market Maturity Index, according to the firm's Global Trends in Flexible Office 2026 report.India's flexible office inventory reached 88.7 million sq ft (MSF) in H1 2026, accounting for 10.5 per cent of the country's total office stock. The report projects this to exceed 100 MSF in 2026 and reach approximately 160 MSF by 2030.Flexible office operators leased 8.5 MSF across India's top eight cities in H1 2026, their strongest first-half performance to ..

Next Story
Infrastructure Urban

K2 Infragen appoints Abhishek Sharma as DGM, supply chain

K2 Infragen has appointed Abhishek Sharma as Deputy General Manager, Supply Chain Management. He will oversee procurement planning, vendor partnerships and coordination with project teams.Sharma brings nearly two decades of experience in infrastructure procurement across railways, highways, expressways and hydropower. His experience includes procurement responsibilities associated with the Delhi–Meerut Expressway and the Delhi–Vadodara greenfield corridor. ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code