Orient Cables (India) IPO

Orient Cables (India) Limited IPO is a book-built issue comprising a fresh issue and an offer for sale (OFS), aggregating up to ₹552 crores, comprising a fresh issue of up to ₹320 crores and an OFS for up to ₹232 crores.

The IPO will open for subscription on Friday, September 25, 2026, and close on Tuesday, September 29, 2026, with anchor investor bidding on Thursday, September 24, 2026. The equity shares are proposed to be listed on both BSE and NSE (mainboard).

The face value of the equity shares is ₹1 each. The Price band is expected to be from ₹258 to ₹272. Each lot will consist of 55 equity shares.

IIFL Capital Services Limited and JM Financial Limited are the book-running lead managers, while KFin Technologies Limited is the registrar to the offer. ICICI Bank Limited is the Public Offer Account Bank and HDFC Bank Limited is the Refund Bank.

About Orient Cables (India) Limited

Originally incorporated in September 2005 as "Orinet Cables (India) Private Limited" and converted to a public limited company in December 2024, Orient Cables (India) Limited is a Delhi/Gurugram-headquartered manufacturing company with nearly two decades of experience in networking cables and passive networking infrastructure, catering to high-growth end industries including broadband, telecom, data centres, renewable energy, smart building automation/security, system integration, FMEG and automotive.

The company manufactures a diverse range of products across four broad segments. Its Networking Cables and Solutions segment covers CAT5, CAT5e, CAT6 and CAT6A cables and their variants, terminated patch cords, and CCTV and coaxial cables. Its Specialty Power, Optical Fibre Cables and Solutions segment includes instrumentation, control and power cables, along with Unitube and Multitube optical fibre cables, fibre patch cords and custom assemblies. The company also recently entered Wire and Cable Harness Assemblies and EV Charging Guns Cable Assembly in Fiscal 2026, and produces other allied products such as keystone jacks, power strips and power cords.

The company is also one of the fastest-growing players in the wires and cables industry, posting a revenue CAGR of approximately 33.45% from Fiscal 2024 to Fiscal 2026, compared to an average peer CAGR of approximately 17.27% over the same period, and it reports the highest ROE among its peer set in both Fiscal 2025 and Fiscal 2026.

As of June 30, 2026, the company had an installed capacity of 895,776 kms of networking, speciality power and optical fibre cables, and it continues to expand into new product lines, including E-Beam Irradiated Speciality Cables, solar junction boxes, tethered drone systems, cable harnesses, power cords, and EV charging cables and guns, for which it holds TÜV certification.

Industry Outlook

• Global real GDP grew approximately 3.4% in CY25 and is projected to rise at approximately 3.2% from CY26–30, while India is expected to grow at approximately 6.5 to 6.7% annually over the same period, remaining the fastest-growing major economy.
• India's CPI inflation is expected to moderate to approximately 4.7% by CY26, with the RBI targeting approximately 4.0% by CY27.
• India's urban population share is expected to rise from approximately 36% in CY25 to approximately 37% in CY30, adding over approximately 400 million people to urban areas by CY50, fuelling demand tied to smart cities and digital connectivity.
• The global telecom industry was valued at approximately US$2.1T in CY25 and is projected to grow at a CAGR of approximately 5.5% (CY25–30) to reach approximately US$2.7T by CY30.
• The global wires & cables market was valued at approximately US$231.8B in CY25 (up from approximately US$161.1B in CY18, at approximately 5.3% CAGR) and is projected to reach approximately US$304.2B by CY30, growing at approximately 5.6% CAGR (CY25–30).
• By segment (CY25): Power cables lead with a approximately 37.4% share (approximately US$86.7B), followed by housing wires (approximately 25.6%, approximately US$59.3B), harnessing cables (approximately 19.2%, approximately US$44.5B), networking cables (approximately 7.1%, approximately US$16.6B) and fibre-optic cables (approximately 5.4%, approximately US$12.4B).
• Networking cables are projected to grow from approximately US$16.6B (CY25) to approximately US$26.2B (CY30) at a CAGR of approximately 9.6%; fibre-optic cables are the fastest-growing segment globally, projected to grow at approximately 12.0% CAGR to approximately US$21.9B by CY30.
• By region (CY25), APAC leads with approximately 43.1% share, followed by Europe (approximately 22.8%), MEA (approximately 15.3%), North America (approximately 10.2%) and South America (approximately 8.6%, the fastest-growing region at approximately 7.2% CAGR through CY30).

Orient Cables (India) IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• To fund the capital expenditure requirements of the company towards the purchase of machinery, equipment, and civil works at its manufacturing facilities.
• Towards repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company
• Towards general corporate expenses.

Financial Performance of Orient Cables (India) Limited

Orient Cables (India) Limited Peer Details Comparison

Strengths and Opportunities of Orient Cables (India) IPO

1. Offers a broad spectrum of wiring and cabling solutions, including optical fiber cables (OFC), LAN/data cables, CCTV cables, coaxial cables, and power cables, reducing dependence on any single product category.
2. Operates advanced production facilities equipped with specialized extrusion, cabling, and testing setups that comply with domestic and international safety and transmission standards.
3. Caters to a recurring client base across telecommunications providers, network infrastructure integrators, EPC (engineering, procurement, construction) contractors, and industrial distributors.
4. Ability to engineer application-specific cables tailored to client requirements in telecom, surveillance, and industrial automation.
5. Led by promoters and key managerial personnel with extensive technical and commercial experience in the Indian electrical and wire manufacturing ecosystem.
6. The ongoing rollout of 5G infrastructure and cell-tower fiberization significantly drives domestic demand for optical fiber and high-speed data transmission cables.
7. The surge in cloud services, enterprise networking, and domestic data centre construction fuels steady demand for structured LAN and high-bandwidth fibre solutions.
8. Domestic preference policies, production-linked incentives (PLI), and anti-dumping measures on imported cables support market share gains for domestic manufacturers.

Risks and Threats of Orient Cables (India) IPO

1. A significant portion of revenue is concentrated among a few clients, with the top 10 customers accounting for 84.00% of revenue from operations in the three months ended June 30, 2026, and 76.52% in Fiscal 2026.
2. The company depends heavily on raw materials like copper and PVC compounds, which are tied to volatile commodity and crude oil prices. Additionally, the top 10 suppliers accounted for 74.91% and 69.71% of total raw materials sourced in the three months ended June 30, 2026, and Fiscal 2026, respectively, without long-term supply contracts.
3. The company is involved in active cross-litigation with Orient Electric Limited regarding the use of the "ORIENT" trademark and corporate name, while applications for its logos remain pending and subject to third-party opposition.
4. Two of the company's primary manufacturing units are in Bhiwadi, Rajasthan, exposing operations to regional disruptions, infrastructure constraints, and stricter local environmental regulations.
5. Manufacturing operations rely heavily on third-party contract workers (1,327 contract labourers hired as of June 30, 2026), exposing the business to risks of supply disruption, labour disputes, or rising wage rates.
6. Fluctuations in global copper prices on the London Metal Exchange (LME) and elevated petrochemical costs directly impact production expenses and operating margins if cost escalations cannot be passed on quickly
7. The European Union's imposition of anti-dumping duties of up to 11.4% on Indian optical fiber cables, alongside US reciprocal tariffs of up to 26% on select telecom products, threatens price competitiveness in export markets.
8. With imports of raw materials and exports across North America, Europe, and the Middle East, the company faces exposure to currency exchange volatility, global inflation, and shipping lane disruptions.

Orient Cables (India) IPO Reservation

Orient Cables (India) IPO Promoter Holding

The promoters of the company are Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust and Garima Family Trust.

Orient Cables (India) IPO Prospectus

• Orient Cables (India) IPO RHP

Orient Cables (India) IPO Registrar and Lead Managers

Orient Cables (India) IPO Lead Managers

• IIFL Capital Services Limited
• JM Financial Limited

Registrar for Orient Cables (India) IPO

KFin Technologies Limited

• Contact Number: +91 40 6716 2222
• Email Address: orient.ipo@kfintech.com

How To Apply for Orient Cables (India) IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Orient Cables (India) IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Orient Cables (India) IPO?

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1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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Contact Details of Orient Cables (India) IPO 

Registered Office: House No. 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, Delhi – 110 052, India

Phone: +91 14932 94094

E-mail: compliance@orientcables.in