Rs5520 Mn Orient Cables (India) Initial Public Offering to open on September 25, 2026
FinTech BizNews Service
Mumbai, 22 September, 2026: Orient Cables (India) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Friday, September 25, 2026, and close on Tuesday, September 29, 2026.
The Anchor Investor Bid/ Offer Period shall be Thursday, September 24, 2026.
The Price Band is fixed at Rs258 to Rs272 per equity share of face value of Rs1 each (“Equity Share”).
Mr. Vipul Nagpal, CMD, Orient Cables Ltd
The Offer comprises a fresh issue of such number of Equity Shares (face value Rs 1 each) by the Company aggregating up to Rs 3,200.00 million (the “Fresh Issue”) and offer for sale of up to Rs 2,320.00 million (“Offered Shares”) by certain existing shareholders (the “Promoter Selling Shareholders”). The total offer size is aggregating up to Rs 5,520.00 million.
The Offered Shares comprises up to [●] Equity Shares of face value of Rs 1 each aggregating up to Rs 2,320.00 million, comprising of Rs 672.00 million by Vipul Nagpal, up to Rs 157.00 million by Garima Nagpal, up to Rs 520.00 million by Vipul Family Trust and up to Rs 971.00 million by Garima Family Trust (“Promoter Selling Shareholders”)
The Company proposes to utilise net proceeds from Fresh Issue of Equity Shares, estimated at Rs3,200.00 million towards (i) funding of capital expenditure requirements of the Company towards purchase of machinery, equipment and civil works at its Manufacturing Facilities; (ii) Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company; and (iii) General corporate purposes (collectively, the “Objects of Offer”).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and JM Financial Limited are the are the book running lead managers to the Offer (“Book Running Lead Managers” or “BRLMs”)
The Equity Shares are being issued through the red herring prospectus of the Company dated September 21, 2026 (the “RHP”) filed with The Registrar of Companies, National Capital Territory of Delhi-I at South Delhi (the “RoC”) and are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).
