Orient Cables
Maker of networking, telecom and specialty cables — CAT5/6/6A, CCTV, optical fiber, EV-charging and more — for broadband, data centres and infrastructure.
Last updated 4 Oct 2026, 7:14 pm IST
- Price band
- ₹258 – ₹272
- Lot size
- 55
- Issue size
- ₹552 Cr (₹320 Cr fresh + ₹232 Cr OFS)
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹87 (~32.0%) (28 Sep, 5:37 PM; was ₹84 median earlier on 28 Sep)
- Subscription
- 4.43× (day 4, 28 Sep, 2:40 PM)
- Listing date
- 5 Oct 2026
- Model prediction
- ~+38% expected → Strong Subscribe. Book picked up to 4.43× (day 4; NII 10.14×, retail 4.49×); GMP firmed to ₹87 (~32%).
The Ticker Tales take
Orient Cables makes networking and specialty cables — CAT5/6/6A cables, patch cords, CCTV and power cables, optical fiber, and newer lines like EV-charging cables and tethered-drone cabling — serving broadband, telecom, data-centre, renewable-energy and smart-building customers. FY26 revenue grew 42% to ₹1,181.7 crore, though profit stayed almost flat at ₹53.6 crore. Of the ₹552 crore issue, ₹320 crore is fresh money for the company and ₹232 crore is an offer for sale by existing owners. Demand picked up sharply through day four, closing near 4.43 times covered (NII 10.14×, retail 4.49×, institutions still light at 0.02×), while the grey market premium firmed to around ₹87, roughly 32% over the top of the band. We expect a stronger listing — a pop of around 38% — so this remains a Strong Subscribe.
More details
- Sector
- Networking & specialty cables
- FY26 PAT
- ₹53.56 Cr
- Issue type
- Book-built (₹320 Cr fresh + ₹232 Cr OFS)
- FY26 revenue
- ₹1,181.67 Cr (+42%)
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.