Orient Cables IPO GMP Today, Price & Details
Orient Cables IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Orient Cables
Orient Cables is poised to enter the mainboard of the NSE, bringing its operations in the cables and wires sector to a wider investor base. The company operates within an industry that is fundamental to infrastructure development and the growing demand for electricity and connectivity. This IPO presents an opportunity for investors to participate in a business that supports essential economic activities.
The company has demonstrated a revenue of ₹824.96 Cr and a Profit After Tax (PAT) of ₹53.29 Cr. This financial performance is underpinned by strong return ratios, with a Return on Net Worth (RONW) of 34.58% and a Return on Capital Employed (ROCE) of 36.46%. The IPO comprises a fresh issue of ₹320 Cr, aimed at funding the company's growth initiatives, alongside an Offer For Sale (OFS) of ₹380 Cr, allowing existing shareholders to partially divest their stakes.
Orient Cables appears to be positioned within a competitive landscape, leveraging its operational scale and financial metrics to attract investment. The proceeds from the fresh issue are earmarked for various strategic purposes, which will be crucial for its future expansion and market standing. The company's focus on its core business, coupled with its financial health, forms the basis of its public offering.
Orient Cables IPO — Investment Analysis
The valuation of Orient Cables, as indicated by its P/E ratio, presents an interesting scenario for potential investors. With a reported P/E of 0.03x, derived from an EPS of ₹8211 and a price band of ₹258 - ₹272, the stock appears remarkably inexpensive on paper. However, it's crucial to scrutinize how this P/E is calculated and if it reflects the true earnings potential and market comparables. The significantly low P/E ratio, especially when compared to industry averages, warrants a deeper dive to understand its underlying drivers and whether it signifies an undervalued opportunity or potential red flags.
Financially, Orient Cables shows a robust top line with revenues reaching ₹824.96 Cr. The company also boasts healthy profitability, evidenced by a PAT of ₹53.29 Cr and an EBITDA margin of 10.17%. What particularly stands out are the impressive return ratios: RONW at 34.58% and ROCE at 36.46%. These figures suggest efficient utilization of shareholder funds and capital, indicating a well-managed operation that generates strong returns on its investments. The Net Asset Value (NAV) per share stands at ₹17.71, providing a book value perspective.
Looking ahead, the growth outlook for Orient Cables is tied to the infrastructure and construction sectors, which are generally driven by government spending and economic expansion. However, risks are inherent. The significant OFS component of ₹380 Cr might suggest that some existing stakeholders are keen to exit, which could be a point of concern for new investors. Additionally, sector-specific risks, such as material cost fluctuations and intense competition, are always present. While the company is on the mainboard, it's important to remember that all companies, regardless of listing venue, face operational and market risks.
The subscription levels for the Orient Cables IPO are exceptionally high, with Retail investors subscribing 32.21x, NIIs 121.9x, and QIBs a staggering 192.68x, leading to an overall subscription of 192.68x. This overwhelming demand, particularly from institutional investors, indicates strong market sentiment and confidence in the company's prospects. Such high subscription figures often lead to tight allotment for retail and high-net-worth individuals, and can signal strong listing potential. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Orient Cables IPO — Pros & Cons
Strengths
- The company exhibits strong profitability with a PAT of ₹53.29 Cr and an EBITDA margin of 10.17%, indicating efficient cost management and operational effectiveness. This suggests a healthy business model that can translate revenue into profit.
- Orient Cables demonstrates exceptional return ratios, with RONW at 34.58% and ROCE at 36.46%, reflecting superior performance in utilizing shareholder equity and capital. These high returns are attractive to investors seeking efficient capital deployment.
- The IPO features a significant fresh issue component of ₹320 Cr, which will be utilized for business expansion and growth initiatives. This infusion of capital can fuel future revenue growth and enhance market position.
- Extremely high subscription levels across all investor categories, particularly QIBs at 192.68x, signal strong market confidence and demand for the issue. This robust demand often translates into positive listing performance.
- The P/E ratio of 0.03x, based on the provided data, appears remarkably low, potentially indicating an undervalued stock relative to its earnings. This could present an attractive entry point for value-conscious investors if the valuation is sustainable.
Risks
- The IPO includes a substantial OFS component of ₹380 Cr, which could suggest that some existing shareholders are looking to exit their investment. This might raise questions about their long-term conviction in the company's future prospects.
- While the P/E ratio appears very low at 0.03x, it's crucial to verify the calculation and ensure it's not an anomaly or based on outdated earnings. A P/E this low might warrant deeper due diligence to understand its sustainability.
- The company operates in the cables and wires sector, which is inherently competitive and subject to fluctuations in raw material prices, such as copper and aluminum. These external factors can impact profitability and margins.
- With an OFS of ₹380 Cr, the liquidity for existing shareholders is a key aspect of the IPO. Investors should consider if this large sale by existing promoters impacts the perceived long-term commitment to the company's growth.
- The provided financial data, while showing good ratios, is limited in scope. A more comprehensive understanding of historical performance, debt levels, and future projections would offer a clearer picture of the company's long-term stability and growth potential.
Orient Cables IPO Details
| Company Name | Orient Cables |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹258 - ₹272 |
| Face Value | ₹1 per share |
| Lot Size | 55 shares |
| Min Investment | ₹14,960 |
| Total Issue Size | ₹700.00 Cr |
|---|---|
| Fresh Issue | ₹320.00 Cr |
| Offer for Sale | ₹380.00 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | IIFL Capital Services Ltd., JM Financial Ltd. |
| IPO Status | Listed |
Orient Cables IPO Dates
Orient Cables IPO Listing Performance
Orient Cables IPO listed on NSE on 05 Oct 2026 at ₹448, a premium of 64.7% over the issue price of ₹272. Investors who received allotment made a profit of ₹9,686 per lot (55 shares) on listing day.
Orient Cables IPO — Key Highlights
- The IPO garnered an overwhelming overall subscription of 192.68x, indicating robust investor interest.
- Institutional investors (QIBs) showed immense confidence, subscribing a massive 192.68x.
- The company boasts impressive return ratios, with RONW at 34.58% and ROCE at 36.46%.
- Orient Cables reported revenues of ₹824.96 Cr and a PAT of ₹53.29 Cr.
- The P/E ratio stands at an exceptionally low 0.03x, based on the provided data.
- The issue size is substantial at ₹700 Cr, comprising a fresh issue of ₹320 Cr and an OFS of ₹380 Cr.
Orient Cables Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | 543.68 | 657.77 | 824.96 |
| Expenses | 511.22 | 610.62 | 760.15 |
| Net Income (PAT) | 25.96 | 40.07 | 53.29 |
| Margin (%) | 4.77% | 6.19% | 6.46% |
Orient Cables IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹8,211.00 |
|---|---|
| P/E Ratio | 0.03x |
| NAV | ₹17.71 |
| Debt/Equity | 0.630 |
Return Metrics
| RONW (%) | 34.58% |
|---|---|
| ROCE (%) | 36.46% |
| EBITDA Margin | 10.17% |
Orient Cables IPO Reservation / Allocation
Orient Cables IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV |
|---|---|---|---|---|
| Orient Cables | – | 5.22 | 34.58 | 17.71 |
| RR Kabel Limited | 48.97 | 27.57 | 15.65 | 190.37 |
| Finolex Cables | 21.11 | 45.82 | 13.42 | 359.31 |
| Havells India | 65.49 | 23.48 | 18.63 | 133.04 |
| Birla Cable | 110.17 | 1.63 | 1.94 | 84.42 |
Orient Cables IPO Lead Manager & Registrar
Book Running Lead Manager
IIFL Capital Services Ltd., JM Financial Ltd.
IPO Registrar
Kfin Technologies Ltd.
Orient Cables IPO — Frequently Asked Questions
What is Orient Cables IPO GMP today?
As of today, the Grey Market Premium (GMP) for Orient Cables IPO is not available at this time. GMP values are updated daily based on grey market activity.
What is the price band and lot size of Orient Cables IPO?
Orient Cables IPO has a price band of ₹258 to ₹272 per equity share with a face value of ₹1. The minimum lot size is 55 shares, requiring a minimum investment of ₹14,960 at the upper band.
What are the important dates for Orient Cables IPO?
Orient Cables IPO opens for subscription on TBA and closes on TBA. The shares are expected to list on NSE on 05 Oct 2026.
What is the investor category allocation in Orient Cables IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 0.00%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.00%.
How can I apply for Orient Cables IPO?
You can apply for Orient Cables IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What is Orient Cables IPO price band and lot size?
The Orient Cables IPO is open for subscription with a price band set between ₹258 and ₹272 per share. Each lot comprises 55 shares, meaning the minimum investment for retail investors would be ₹14,960 (55 shares x ₹272). The face value of each share is ₹1.
Is Orient Cables IPO worth investing in?
Orient Cables presents a compelling picture with strong financial health, evident in its high RONW of 34.58% and ROCE of 36.46%, coupled with a notably low P/E of 0.03x. The overwhelming subscription demand from all investor categories, especially QIBs at 192.68x, suggests significant market optimism.
However, potential investors should carefully consider the large OFS component of ₹380 Cr and the inherent competitive risks within the cables and wires sector. Thorough due diligence is advised. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Orient Cables IPO GMP today?
Grey Market Premium (GMP) for the Orient Cables IPO is not directly provided in the data. GMP is an unofficial indicator reflecting demand in the grey market before listing. While a positive GMP, often quoted as a percentage of the issue price or a specific amount, can signal investor sentiment, it's highly volatile and unofficial.
Investors should not rely solely on GMP for investment decisions as it can change rapidly and doesn't guarantee listing performance.
How to apply for Orient Cables IPO?
You can apply for the Orient Cables IPO through the ASBA (Application Supported by Blocked Amount) facility via your bank or broker. Retail investors can also apply using the UPI mechanism through their demat accounts. The shares will be allotted based on the subscription levels, and funds will remain blocked in your bank account until the allotment process is completed.