Orient Cables (India) Limited IPO Subscription Update: Issue Subscribed 8.32x on Day 2
Information Subscription
On the second day, Orient Cables (India) Limited received bids for 12,45,46,565 shares against 1,49,76,743 shares available for subscription, according to NSE data. The retail investor category was subscribed 9.16, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 17.37 and 0.06 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO. OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.06 |
| 2. | Non-Institutional Investors | 17.37 |
| 3. | Retail Individual Investors (RIIs) | 9.16 |
| - | Total | 8.32 |
Orient Cables (India) Limited IPO Overview & Purpose
The Orient Cables IPO is a Rs.552 crore book-built issue, comprising a fresh issue of Rs.320 crore and an Offer for Sale (OFS) of Rs.232 crore. The price band is Rs.258–Rs.272 per share, with a lot size of 55 shares. The IPO opened on September 25, 2026, and closes on September 29, 2026. The company manufactures networking cables and passive networking equipment. The fresh issue proceeds are proposed to be used for capital expenditure, repayment or prepayment of borrowings and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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