Mumbai, Maharashtra, 24th of September, 2026 : Orient Cables (India) Limited’s Initial Public Offering (IPO) will open on Friday, September 25, 2026, and close on Tuesday, September 29, 2026. The bidding period for anchor investors will be held on September 24, 2026. The company has fixed the price band for the IPO at ₹258 to ₹272 per equity share, with a face value of ₹1 each.
The total IPO size is up to ₹552 crore, comprising a fresh issue of up to ₹320 crore and an Offer for Sale (OFS) of up to ₹232 crore. Under the OFS, existing promoter shareholders will sell their shares. These include Vipul Nagpal, Garima Nagpal, Vipul Family Trust and Garima Family Trust.
Investors can bid for a minimum of 55 equity shares and in multiples of 55 shares thereafter.
The company proposes to utilise the net proceeds from the fresh issue towards capital expenditure requirements related to the purchase of machinery, equipment and civil works for its manufacturing facilities, full or partial repayment/prepayment of certain existing borrowings, and general corporate purposes.
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