Orient Cables (India) IPO
Orient Cables (India) IPO is a mainboard IPO raising ₹552 Cr at ₹258 – ₹272 a share. It listed on 5 Oct 2026 at ₹450, +65.4% against its issue price of ₹272, and trades at ₹345 today (+27.0% since issue). It was subscribed 92× in total.
92.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. stated in prospectus. Checked: exchange issue size Rs552 Cr vs derived Rs552 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 8% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| RR Kabel Limited | 54.85× | 20.83% | ₹43.52 |
| Polycab India Limited | 46.69× | 24.58% | ₹176.95 |
| Finolex Cables Limited | 26.29× | 12.33% | ₹46.67 |
| Havells India Limited | 42.69× | 18.97% | ₹26.94 |
| KEI Industries Limited | 48.99× | 14.75% | ₹96.02 |
| Paramount Communications Limited | 33.47× | 7.99% | ₹1.96 |
| Birla Cable Limited | 63.54× | 6.33% | ₹5.63 |
| Sterlite Technologies Limited | 708.38× | 2.63% | ₹1.11 |
| This issue | 51.6× | 25.84% | ₹5.27 |
derived: cut-off price Rs272 / stated EPS Rs5.27 (FY26 (ended March 31, 2026) diluted EPS, restated consolidated, face value ₹1). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.