Orient Cables IPO 2025: Date, Price, GMP, Review, Allotment Details
The Orient Cables IPO, a mainboard IPO from Gurugram-based Orient Cables (India) Limited, aims to raise ₹700 crores through a fresh issue of ₹320 crores and an offer for sale (OFS) of up to ₹380 crores. As one of India’s top five players in the networking cables industry with a 22% market share, the company has filed its DRHP with SEBI to fund its expansion. This article provides a comprehensive overview of the Orient Cables IPO, including tentative dates, price band, grey market premium (GMP), allotment details, financial performance, and expert review to guide investors.
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Orient Cables IPO Details
The Orient Cables IPO is a book-built issue comprising a fresh issue of ₹320 crores and an OFS of up to ₹380 crores in equity shares, each with a face value of ₹1. The company may consider a pre-IPO placement of up to ₹64 crores, which would reduce the fresh issue size. Below are the key details based on the DRHP and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | To be announced (2025) |
| IPO Closing Date | To be announced (2025) |
| Allotment Date | To be announced (2025) |
| Listing Date | To be announced (2025) |
| Face Value | ₹1 per share |
| Price Band | ₹[.] to ₹[.] per share |
| Lot Size | To be announced |
| Issue Size | ₹700 crores |
| Fresh Issue | ₹320 crores |
| Offer for Sale | ₹380 crores |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Book Running Lead Managers | IIFL Capital Services, JM Financial |
| Registrar | KFin Technologies Limited |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), and 35% to Retail Individual Investors (RIIs). The minimum investment for retail investors will be announced once the lot size is finalized.
Orient Cables IPO Subscription Status
The subscription status for the Orient Cables IPO will be updated daily during the subscription period once the IPO opens in 2025. Investors can track live subscription data on the BSE, NSE, or the registrar’s portal (KFin Technologies).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period in 2025.
Orient Cables IPO Allotment Status
The allotment for the Orient Cables IPO is expected to be finalized in 2025, following the close of the subscription period. Investors can check their allotment status on the registrar’s website (KFin Technologies) or the BSE/NSE websites using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the KFin Technologies website (https://kosmic.kfintech.com/ipostatus/).
- Select “Orient Cables IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization in 2025.
Orient Cables IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) reflects the premium at which IPO shares trade in the unofficial market before listing. As of July 17, 2025, the GMP for the Orient Cables IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 17, 2025 | Not Available | Not Available |
| July 16, 2025 | Not Available | Not Available |
| July 15, 2025 | Not Available | Not Available |
| July 14, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Orient Cables IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 17, 2025, the Kostak rate for the Orient Cables IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 17, 2025 | Not Available |
Orient Cables IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 17, 2025, the Subject to Sauda rate for the Orient Cables IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 17, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About Orient Cables (India) Limited
Incorporated in 1997, Orient Cables (India) Limited, headquartered at 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, is a leading manufacturer of networking cables and passive networking equipment. With a 22% market share, it ranks among India’s top five players in the networking cables industry and is one of the fastest-growing companies in the wires and cables sector. The company produces networking cables, specialty power cables, optical fiber cables, and allied products, serving high-growth industries such as broadband, telecom, data centers, renewable energy, and smart building automation. Its manufacturing facilities support its diverse product portfolio, and it caters to both domestic and international markets. The company is promoted by Vipul Nagpal, Garima Nagpal, Vardaan Nagpal, Vipul Family Trust, and Garima Family Trust.
Orient Cables IPO Objectives
The net proceeds from the fresh issue will be used for:
- Funding capital expenditure of ₹91.50 crores for purchasing machinery, equipment, and civil works at the company’s manufacturing facilities.
- Repayment or prepayment of certain outstanding borrowings.
- General corporate purposes.
Orient Cables Financials
Orient Cables has demonstrated strong financial growth, driven by demand in high-growth industries. Below is a summary of its financial performance:
| Particulars | FY25 (₹ Crores) | FY24 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | 831.86 | 664.98 | 25.09% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | 53.29 | 40.07 | 32.99% |
The company’s robust revenue and profit growth reflect its strong market position and operational efficiency.
Orient Cables IPO Strengths
- Market Leadership: Among India’s top five networking cable manufacturers with a 22% market share.
- Diverse Product Portfolio: Manufactures networking cables, specialty power, and optical fiber cables for high-growth sectors like telecom and renewable energy.
- Strong Financials: 25.09% revenue growth and 32.99% PAT growth from FY24 to FY25, indicating robust performance.
- Strategic Expansion: Plans to enhance manufacturing capabilities with IPO proceeds, supporting scalability.
- Industry Demand: Serves high-growth sectors like broadband, data centers, and smart building automation.
Orient Cables IPO Risks
- Price Band Uncertainty: Unannounced price band limits valuation clarity.
- Non-Cooperation with Ratings: CRISIL Ratings noted non-cooperation from Orient Cables for information, which may raise transparency concerns.
- Competition: Faces competition from other wire and cable manufacturers in a competitive market.
- Raw Material Costs: Fluctuations in raw material prices may impact margins.
- Export Dependency: Reliance on international markets may expose the company to currency and trade risks.
Orient Cables IPO Review
The Orient Cables IPO offers investors exposure to a leading player in India’s networking cables industry, with a 22% market share and strong financial growth (25.09% revenue growth and 32.99% PAT growth from FY24 to FY25). Its focus on high-growth sectors like broadband, telecom, data centers, and renewable energy, combined with plans to expand manufacturing capacity, positions it well for long-term growth. X posts highlight investor enthusiasm due to the company’s market leadership and SEBI filing, but the lack of GMP and price band data limits visibility on listing gains. Risks include competition, raw material cost fluctuations, and transparency concerns noted by CRISIL Ratings. Long-term investors may find this IPO attractive due to its growth potential, but short-term investors should be cautious due to price uncertainty and market volatility.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to transparency and pricing risks.
How to Apply for Orient Cables IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “Orient Cables IPO.”
- Enter the number of lots and price (to be announced).
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions.
Orient Cables IPO FAQs
When does the Orient Cables IPO open and close?
The IPO dates are yet to be announced for 2025.
What is the price band of the Orient Cables IPO?
The price band is not yet announced.
What is the minimum investment for retail investors?
The minimum investment will be announced once the lot size is finalized.
How can I check the Orient Cables IPO allotment status?
Visit the KFin Technologies website (https://kosmic.kfintech.com/ipostatus/), select “Orient Cables IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Orient Cables IPO today?
As of July 17, 2025, the GMP is not available, as grey market activity has not started.
Where will the Orient Cables IPO be listed?
The IPO will be listed on the BSE and NSE, with the listing date to be announced in 2025.
