Just a day earlier, ICICI Prudential Asset Management Company (AMC) had also filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company plans to raise around ₹10,000 crore through the stock market.
Orient Cables Limited, a Gurugram-based company providing cable and networking solutions, has submitted documents to market regulator SEBI to launch its initial public offering (IPO). The company has proposed to raise ₹700 crore from the market.
These funds are to be used for the company's expansion, purchase of machinery, debt repayment, and everyday operations. Orient Cables' move comes at a time when ICICI Prudential Asset Management Company had also applied for an IPO of ₹10,000 crore not long ago.
What will be the complete structure of the IPO?
This issue of Orient Cables will be divided into two parts - one part will be of fresh issue and the other of Offer for Sale (OFS).
- Under the fresh issue, the company is planning to raise ₹320 crore.
- While ₹380 crore will be sold by the company's existing shareholders through Offer for Sale.
In addition, the company plans to raise ₹64 crore through pre-IPO placement. If this amount comes from the pre-IPO, the size of the fresh issue will reduce accordingly.
Where will the company spend the raised amount?
Orient Cables has made it clear that it will spend a major portion of the amount raised from the IPO on its infrastructure and debt.
- Around ₹92 crore will be spent by the company for machinery, equipment, and civil work.
- At the same time, approximately ₹155.5 crore will be used by the company to reduce its existing debt.
- The remaining amount will be used by the company for its general business needs, such as working capital, office expenses, salaries, etc.
How much has the company's business and profit increased?
Orient Cables recorded a revenue of ₹825 crore in the financial year 2025. This figure is 25.4 percent more than the previous year.
Not only revenue, the company's profit also increased by 33 percent. These figures show that the company's performance has been b in recent years and it is moving towards expansion.
Company's identity and sector
Orient Cables works in services such as networking cables, electrical wiring, data transmission solutions.
- It is headquartered in Gurugram and has a good presence across the country.
- The company is continuously expanding its products and services, keeping in mind the demand for electric infrastructure, telecom sector, and digital networking.
Competition is definitely in this industry, but Orient Cables' hold is considered b in North India and especially in the industrial solution market.
Which companies will manage the IPO?
The company has appointed some well-known banks and financial institutions to manage this issue of Orient Cables.
Although the names of these banks have not been clearly mentioned in the DRHP, it is believed that Axis Capital, ICICI Securities, and some foreign institutions may also be involved in it.
These banks will be responsible for getting the issue subscribed properly and determining the correct price band.
Increasing IPO activity in the market
In the last few months, the IPO market has again gained momentum. Especially mid-sized companies and companies running in profit are rapidly moving towards public listing.
Orient Cables' IPO is part of this trend where companies are turning to the equity market for their funding.
The arrival of large companies like ICICI Prudential AMC also increases the confidence of investors in the market and mid-cap companies are also expected to get a better response.
