Orient Cables Shares List at 65.44% Premium at ₹450 on NSE

Orient Cables (India) shares made their stock market debut on October 5, 2026, listing at ₹450 per share on NSE, compared with the IPO issue price of ₹272. The listing represented a premium of 65.44%. On BSE, the stock opened at around ₹448.

Following the listing, the stock touched an intraday high of ₹464.85 before reversing gains and falling to ₹405. At ₹405, the shares remained 48.90% above the IPO issue price but were 10% below the NSE listing price.

The listing followed Orient Cables' IPO, which was open from September 25 to September 29, 2026. The ₹552 crore issue received overall subscription of 97.28 times.

Orient Cables manufactures networking cables, optical fibre cables, speciality power cables and passive networking products used across telecom, data centres, renewable energy, automotive, defence and other sectors.

Orient Cables IPO Listing Details

Orient Cables IPO was a ₹552 crore book-building mainboard issue comprising a fresh issue of ₹320 crore and an offer for sale of ₹232 crore.

The fresh issue comprised approximately 1.18 crore shares, while the OFS comprised approximately 85.29 lakh shares.

The IPO opened on September 25 and closed on September 29, 2026. The price band was fixed at ₹258 to ₹272 per share.

The issue was subscribed 97.28 times overall. QIBs excluding anchor investors subscribed 192.68 times, NIIs 121.90 times and Individual Investors 32.21 times.

Orient Cables listed at ₹450 on NSE and approximately ₹448 on BSE.

• Issue Price: ₹272 per share

• NSE Listing Price: ₹450 per share

• Listing Premium: 65.44%

• Trading Price: ₹405 per share

• Change From Issue Price: 48.90%

• Intraday High: ₹464.85

• Intraday Low: ₹405

• Overall Subscription: 97.28 times

• Fresh Issue: ₹320 crore

• Offer for Sale: ₹232 crore

• Price Band: ₹258 to ₹272 per share

• IPO Open Date: September 25, 2026

• IPO Close Date: September 29, 2026

• Listing Date: October 5, 2026

• Exchange: BSE and NSE

First-Day Trading Performance

Listing Price: Orient Cables share listed at ₹450 on NSE, 65.44% above the ₹272 issue price.

Post-listing price: After the opening, the stock fell to ₹405. At this level, it remained 48.90% above the issue price but was 10% below the listing price.

Intraday high: The shares touched ₹464.85, approximately 70.90% above the IPO issue price.

Intraday low: The stock fell to ₹405, which remained 48.90% above the issue price.

Subscription context: Orient Cables IPO received overall subscription of 97.28 times, led by QIBs at 192.68 times and NIIs at 121.90 times.

Growth Drivers and Challenges

Growth Drivers

Networking Infrastructure: The company supplies products used in broadband, telecom, data centres and enterprise networking.

Diversified Cable Portfolio: Products include networking cables, optical fibre cables, specialty power cables, coaxial cables and solar DC cables.

Multiple End Markets: Customers span telecom, renewable energy, automotive, defence, aerospace and smart-building applications.

Manufacturing Footprint: The company operates manufacturing facilities in Rajasthan and Karnataka.

Capacity and Product Expansion: Fresh IPO proceeds are partly intended for machinery, equipment and civil works at manufacturing facilities.

Challenges

Raw-Material Exposure: Copper and other input prices may influence manufacturing costs.

Customer Concentration: A B2B business model can result in dependence on large customers and distributors.

Technology Changes: Networking standards and connectivity technologies evolve over time.

Competitive Market: Cable manufacturing includes large listed companies and specialised manufacturers.

Capital Expenditure Execution: Returns from new machinery and capacity depend on utilisation and demand.

Utilisation of IPO Proceeds

Orient Cables' ₹552 crore IPO comprised a fresh issue of ₹320 crore and an offer for sale of ₹232 crore.

The company proposes to use ₹91.50 crore towards capital expenditure for machinery, equipment and civil works at manufacturing facilities.

Another ₹155.50 crore is proposed for repayment or prepayment of borrowings, with the remaining proceeds available for general corporate purposes.

Principal uses include:

• ₹91.50 crore towards machinery, equipment and civil works

• ₹155.50 crore towards repayment or prepayment of borrowings

• General corporate purposes

Business and IPO Overview

Orient Cables (India) Limited is a specialised manufacturer of networking cables and passive networking equipment.

Its product portfolio includes copper networking cables, optical fibre products, specialty power cables, solar cables, terminated assemblies and other connectivity products.

The company serves telecom operators, OEMs, resellers and enterprise customers across broadband, data-centre, renewable-energy, automotive, defence and aerospace applications.

Orient Cables operates two manufacturing facilities in Bhiwadi, Rajasthan, and another facility in Bengaluru, Karnataka.

The ₹552 crore IPO comprised a ₹320 crore fresh issue and ₹232 crore OFS. It was subscribed 97.28 times overall.

The shares listed at ₹450 on NSE, a 65.44% premium to the issue price, before touching ₹464.85 and subsequently falling to ₹405.