Orient Cables Raises Rs 165.6 Cr From Anchor Investors Ahead of IPO

Authored By PTI | Last Modified: Sep 25, 2026 10:24 AM IST

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New Delhi: Orient Cables (India) Ltd on Thursday raised Rs 165.6 crore from anchor investors ahead of the launch of its Rs 552-crore initial public offering (IPO).

The company allotted 60,88,233 equity shares to 20 anchor investors at Rs 272 per share, the upper end of the IPO price band, according to a circular uploaded on BSE’s website.

Anchor investors included Nippon India Mutual Fund, Goldman Sachs, Ashoka Whiteoak, Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund and Edelweiss Life Insurance Company.

Orient Cables’ IPO will open for public subscription on September 25 and close on September 29. The price band has been fixed at Rs 258-272 per share. The IPO comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of shares aggregating up to Rs 232 crore.

Proceeds from the fresh issue will be used for capital expenditure towards the purchase of machinery, equipment and civil works at its manufacturing facilities, besides repayment or partial prepayment of certain borrowings.

A portion will also be used for general corporate purposes.

Earlier, the company had filed preliminary papers with SEBI to raise Rs 700 crore through an IPO, comprising a fresh issue of Rs 320 crore and an OFS of Rs 380 crore. The revised IPO size is therefore smaller by Rs 148 crore, with the entire reduction coming from the OFS component.

Orient Cables specialises in networking cables and passive networking equipment and caters to industries including broadband, telecom, data centres, renewable energy and smart building automation.

Its product portfolio is divided into three broad segments — networking cables and solutions; speciality power and optical fibre cables and solutions; and other allied products.

The company is expected to make its stock market debut on October 5.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)

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