Orient Cables IPO 2026: Price Band, GMP, Allotment Date & Financials

Orient Cables IPO: Overview

Orient Cables (India) Limited, a New Delhi-based maker of networking cables and passive networking equipment, opened its ₹552 crore mainboard IPO on September 25, 2026. The issue closes tomorrow, September 29. Allotment is expected on September 30 and listing on BSE and NSE on October 5, 2026.

The issue combines a fresh issue of ₹320 crore with an offer for sale (OFS) of up to 85,29,409 equity shares (about ₹232 crore) by existing shareholders. Roughly 58% of the raise goes to the company and 42% to selling shareholders.

IPO Subscription Status Live

Orient Cables IPO subscribed 30.58 times. The public issue subscribed 21.17 times in the retail category, 21.13 times in QIB (Ex Anchor), and 65.15 times in the NII category by September 29, 2026 1:34:36 PM (Day 3).

Day-wise Subscription Details (times)

Orient Cables IPO: Key Dates

Orient Cables IPO: Issue Details

Orient Cables IPO: Reservation

Anchor Investor Allocation

Anchor bidding took place on September 24, 2026. 60,88,233 shares, 30% of the issue, were allotted to anchors, raising ₹165.60 crore. Lock-in ends for 50% of anchor shares on October 30, 2026 (30 days) and for the remaining 50% on December 29, 2026 (90 days).

About Orient Cables

Incorporated in September 2005, Orient Cables has nearly two decades of experience making networking cables and passive networking equipment. Its customers span broadband, telecom, data centres, renewable energy, smart building automation and security, system integration, FMEG and automotive.

The product range includes:

• Networking cables and solutions: CAT5, CAT5e, CAT6 and CAT6A cables, patch cords, keystone jacks
• Specialty power and optical fibre cables: instrumentation and control cables, power cables, optical fibre cables, fibre patch cords
• Allied products: CCTV and coaxial cables, power strips, power cords, and newer lines such as EV-charging cables and solar junction boxes

Objects of the Issue

Financial Performance

Revenue and profit have moved at very different speeds. Revenue grew about 25% in FY25 and about 42% in FY26, roughly 78% over two years. PAT rose about 33% in FY25 but was essentially flat in FY26 (₹53.32 crore to ₹53.56 crore), so most of the FY26 revenue growth did not reach the bottom line.

Key Risks to Weigh

• Customer concentration: The top 10 customers accounted for 76.52% of revenue from operations in FY26, so losing or renegotiating a major account could matter.
• Thin margins: An 8.23% EBITDA margin and 4.55% PAT margin leave little cushion if input costs move.
• Flat FY26 profit: Revenue growth of 42% did not lift PAT, so the margin question above is central.
• Leverage: Debt-to-equity of 0.94 is meaningful, though part of the issue is meant to reduce it.
• Valuation: The implied multiple sits at a premium to most listed peers, so the market is paying for growth that FY26 profit did not show.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• 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 IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status.