Orient Cables IPO opens today with 19% listing gain expected

The Rs 552 crore Orient Cables IPO opened today as a book-built issue. The offering includes a fresh issue of 1.18 crore shares valued at Rs 320 crore and an offer for sale of 85.29 lakh shares worth Rs 232 crore.

Grey market premium signals indicate investors anticipate a 19% listing gain when shares debut on the exchange, suggesting strong market interest in the issue.