Mumbai: Orient Cables (India) Limited, one of India’s fastest-growing manufacturers of networking and specialty cables, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) totaling up to ₹700 crore (Orient Cables IPO).
The Orient Cables IPO includes:
- A fresh issue of equity shares worth ₹320 crore
- An Offer for Sale (OFS) by existing shareholders worth ₹380 crore
- IPO Utilization Plan
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Orient Cables IPO net proceeds will be utilized for:
- Capital expenditure towards the purchase of machinery and equipment – ₹91.5 crore
- Partial or full repayment of existing borrowings – ₹155.5 crore
- General corporate purposes
- Financial & Market Highlights
As per a 1Lattice industry report, Orient Cables is:
- Among the top five players in India’s networking cables industry with a 22% market share in FY25
- Posting a remarkable revenue CAGR of 23.18% (FY23 to FY25), significantly above the industry average of 11.48%
- Reporting the highest ROE (37.26%) and ROCE (41.13%) in FY24–FY25, showcasing operational efficiency and profitability
- Operating with one of the lowest net working capital cycles at 27 days in FY25, highlighting supply chain strength
The IPO-bound firm offers products across three verticals: Networking Cables & Solutions, Specialty Power and Optical Fibre Cables, and Other Allied Products, catering to telecom, data centers, system integrators, smart building security, automotive, and FMEG sectors.
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Listing & Management
- The equity shares from the Orient Cables IPO will be listed on BSE and NSE.
- IIFL Capital Services Ltd and JM Financial Ltd are the appointed Book Running Lead Managers (BRLMs).
Orient Cables continues to scale with innovation, high capacity utilization, and a robust distribution network – positioning itself as a significant player in India’s evolving digital and energy infrastructure sectors.
