Orient Cables IPO Set to Launch September 25 at ₹258–₹272 per Share

Orient Cables (India) Limited has fixed its IPO price band at ₹258–₹272 per share for a ₹552-crore offering. Subscription will open on September 25 and close on September 29, with stock market debut expected on October 5.

The fresh issue will raise ₹320 crore for capital expenditure at manufacturing facilities, including machinery, equipment and civil works. Part of the proceeds will repay outstanding borrowings, while the remainder supports general corporate needs. The ₹232-crore offer for sale comprises existing shareholder sales.

Orient Cables manufactures networking cables and passive networking equipment for broadband, telecommunications, data centres, renewable energy and smart-building automation sectors. The IPO size was reduced by ₹148 crore from the originally proposed ₹700 crore, with the entire reduction in the offer-for-sale component.