Gurugram-based-based networking cables and solutions provider Orient Cables India has filed preliminary papers with the SEBI to raise funds up to Rs 700 crore via initial share sale, on July 10.
The company is planning to tap capital markets to raise Rs 320 crore via fresh issue component, and Rs 380 crore via offer-for-sale. Promoters will be offloading shares in the offer-for-sale.
Further, Orient Cables could also consider raising funds up to Rs 64 crore via pre-IPO placement. In case it closes the pre-IPO round, the said amount will be reduced from the fresh issue part.
The company, one of India’s top five players in the networking cables industry with a 22 percent market share, primarily focusses on networking cables and passive networking equipment, catering to several industries such as broadband, telecom, data centres, renewable energy, smart building automation/ security, system integration, FMEG and automotive.
Orient Cables will utilise Rs 91.5 crore out of fresh issue proceeds for purchase of machinery, equipment and civil works, and Rs 155.5 crore for reducing debt burden. The remainder funds will be used for general corporate purposes.
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With IPO plans, the company is likely to be able to cut down its debt significantly. "As of April 2025, our total outstanding borrowings amounted to Rs 165.4 crore," the company said in its DRHP.
The networking cables and solutions business contributed 88 percent to the topline, and specialty power, optical fibre cables and solutions nearly 12 percent. It has recorded revenue at Rs 825 crore during the fiscal 2025, growing 25.4 percent from Rs 657.8 crore in previous financial year, and profit in the same period increased by 33 percent to Rs 53.3 crore, from Rs 40 crore.
Orient Cables competes with several listed peers like RR Kabel, Polycab India, Finolex Cables, Havells India, KEI Industries, Paramount Communications, Birla Cable, and Sterlite Technologies.
The merchant bankers handling the Orient Cables IPO will be IIFL Capital Services, and JM Financial.
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