Orient Cables (India) Limited IPO Subscription Update: Issue Subscribed 15.82x on Day 3
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Information Subscription
The Orient Cables (India) Limited IPO saw demand on its final day till 12:00:00 pm, with investors bidding for 23,69,12,005 shares against 1,49,76,743 shares offered, resulting in an overall subscription of 15.82 times.
The NII category recorded the highest demand at 37.11 times, with bids for around 11,90,96,670 shares against 32,09,302 shares reserved. The retail portion was subscribed 15.61 times, receiving bids for approximately 11,68,81,545 shares against 74,88,372 shares offered.
| SR. NO. | CATEGORY | NO. OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.22x |
| 2. | Non-Institutional Investors (NIIs) | 37.11x |
| 3. | Retail Individual Investors (RIIs) | 15.61x |
| - | Total | 15.82x |
Orient Cables (India) Limited IPO Overview & Purpose
The Orient Cables IPO is a rupee 552 crore book-built issue, comprising a fresh issue of rupee 320 crore and an Offer for Sale (OFS) of rupee 232 crore. The price band is rupee 258–rupee 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 proceeds from the fresh issue 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)