#OrientCablesIPO #SEBIApproval #NetworkingCables #PassiveNetworking #IPO2025 #IndianStockMarket #InfrastructureGrowth #BroadbandIndia
Chandigarh: Orient Cables (India) Limited, a leading manufacturer in the networking cables and passive networking equipment space, has taken a major step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company has proposed an Initial Public Offering (IPO) worth up to ₹700 crore, marking a strategic move to fuel its expansion plans and strengthen its position in the high-growth Indian and global cables and connectivity markets.
IPO Structure and Utilization of Proceeds
The proposed IPO consists of a fresh issue of equity shares aggregating up to ₹320 crore, and an Offer for Sale (OFS) by existing shareholders amounting to ₹380 crore.
Orient Cables plans to deploy the net proceeds from the fresh issue toward:
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Capital expenditure for machinery, equipment purchases, and civil work at its manufacturing units, estimated at ₹91.5 crore.
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Repayment or prepayment of outstanding borrowings, amounting to ₹155.5 crore.
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General corporate purposes to support operational and strategic flexibility.
Robust Growth & Market Position
According to a 1Lattice industry report, Orient Cables is among the fastest-growing players in India’s wires and cables sector, clocking an impressive 23.18% revenue CAGR between FY2023 and FY2025. In contrast, the average revenue CAGR for its industry peers during the same period stood at 11.48%, underlining Orient’s strong growth trajectory.
Other key financial and operational metrics include:
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Return on Equity (ROE): 37.26% (FY2024) and 34.58% (FY2025) – highest among its peer group.
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Return on Capital Employed (ROCE): 41.13% (FY2024) and 36.46% (FY2025).
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Net working capital days: Just 27 days in FY2025, the lowest in its segment—indicating high operational efficiency.
Market Leadership in Networking Cables
Orient Cables has rapidly expanded its market presence and product portfolio. As of FY2025, the company commands approximately 22% of the Indian market share in networking cables—up from 16% in FY2022. It is now one of the top five networking cable manufacturers in the country, offering a comprehensive range of solutions across:
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Networking Cables and Solutions
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Specialty Power and Optical Fibre Cables
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Other Allied Products catering to broadband, telecom, data centers, smart buildings, renewable energy, and the automotive sector.
Strategic Listing Plan
Upon approval, the company’s equity shares will be listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), providing investors with access to one of the most efficient and agile players in India’s rapidly digitizing infrastructure space.
The IPO will be managed by IIFL Capital Services Limited and JM Financial Limited, who are acting as the Book Running Lead Managers (BRLMs) for the issue.
About the Company
Established nearly two decades ago, Orient Cables (India) Limited has become a trusted name for high-performance and customized cabling solutions. Its broad-based customer portfolio spans mission-critical applications in telecom infrastructure, data networking, renewable energy, and smart automation. The company’s ability to adapt, innovate, and scale has helped it remain ahead of the curve in a competitive and fast-evolving market.
With a young but highly efficient operational model and a proven track record of financial prudence, Orient Cables is positioning itself to benefit from India’s expanding digital infrastructure and electrification goals.
As the company prepares for its public debut, investors and market watchers will be closely monitoring the offering for its valuation metrics and potential long-term growth prospects.
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