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BHUBANESWAR, JULY 15, 2025
Orient Cables (India) Limited, a leading player in the networking and specialty cable manufacturing sector, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its intent to launch an Initial Public Offering (IPO) worth up to ₹700 crore.
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale (OFS) by existing shareholders amounting to ₹380 crore. The equity shares have a face value of ₹1 each, and post regulatory approvals, they will be listed on both the BSE and NSE.
Operating for nearly two decades, Orient Cables has built a robust presence in high-growth industries including broadband, telecom, data centres, renewable energy, smart building automation, system integration, FMEG, and automotive. Its diversified product portfolio spans across networking cables and solutions, specialty power and optical fibre cables, and a range of allied products.
The net proceeds from the fresh issue will be primarily used for key strategic objectives, including:
Capital expenditure of ₹91.5 crore towards the purchase of machinery, equipment, and civil works at its manufacturing facilities;
Repayment or prepayment of borrowings amounting to ₹155.5 crore;
And the remaining funds will go towards general corporate purposes.
As per a report by 1Lattice, Orient Cables is recognized as one of the fastest-growing companies in the wires and cables industry, registering a revenue CAGR of 23.18% between FY23 and FY25—significantly higher than the industry average CAGR of 11.48% over the same period.
The IPO will be managed by IIFL Capital Services Limited and JM Financial Limited, who have been appointed as the Book Running Lead Managers (BRLMs) for the issue.
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