Upcoming IPO: Orient Cables Files DRHP with SEBI to Raise ₹700 Crore via IPO

Orient Cables India, a Gurugram-based manufacturer of networking cables and connectivity solutions, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 10. The company aims to raise up to ₹700 crore through an Initial Public Offering (IPO), which will consist of a ₹320 crore fresh issue and a ₹380 crore offer-for-sale (OFS) by existing promoters.

In addition, the company may explore a pre-IPO placement of up to ₹64 crore. If this round is completed, the fresh issue size will be reduced accordingly. The IPO is being managed by IIFL Capital Services and JM Financial, who will serve as the lead book-running managers.

Use of IPO Proceeds

Orient Cables plans to deploy ₹91.5 crore from the fresh issue proceeds towards the purchase of new machinery, equipment, and civil works to enhance manufacturing capabilities. Another ₹155.5 crore will be used to repay outstanding borrowings, which stood at ₹165.4 crore as of April 2025. The balance will be allocated for general corporate purposes, supporting the company’s operational and strategic goals.

Also Read: Upcoming IPO: AggconEquipments International Files DRHP with SEBI for IPO

About Orient Cables Limited

With a 22% market share, Orient Cables is among the top five players in India’s networking cables sector. The company specialises in manufacturing networking cables and passive networking equipment, catering to diverse sectors such as broadband, telecom, data centres, renewable energy, smart building automation, system integration, FMEG (Fast-Moving Electrical Goods), and automotive.

The company reported robust financial growth in FY25, with total revenue rising to ₹825 crore, a 25.4% increase from ₹657.8 crore in the previous fiscal year. Net profit grew by 33% year-on-year, reaching ₹53.3 crore from ₹40 crore. The networking cables and solutions segment contributed 88% of the total revenue, while the remaining 12% came from specialty power and optical fibre cables.

Orient Cables competes with several established industry players, including Polycab India, RR Kabel, KEI Industries, Finolex Cables, Havells India, Paramount Communications, Birla Cable, and Sterlite Technologies.

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