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Orient Cables (India) IPO Review

Orient Cables (India) IPO has been reviewed by 15 analysts, and the overall consensus is Strong Apply — carrying a score of 92. Out of the 15 analysts who have covered this IPO, 12 recommend subscribing while 3 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹258-272 per share, with a minimum application size of 55 shares (minimum investment of approximately ₹14,960 at the upper band). Subscription ran from 25 Sep 2026 to 29 Sep 2026. The issue size is ₹552 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Orient Cables (India) IPO is quoting at ₹121 (44.49%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
92/ 100
Strong Apply 12 of 15 recommend subscribing
How analysts voted
Apply 12
May apply 1
Neutral 2
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Orient Cables makes networking, optical fibre and specialty power cables and ranks among the top four networking cable makers in India with about 22.9% share. Revenue grew 42% in FY26 and profit was ₹54 crore, with ₹33 crore in the June 2026 quarter. Seven of the eleven analysts said subscribe, mostly long term, one advised caution, two stayed neutral and one gave no rating.

Listing gains

At ₹272 the market cap is near ₹3,095 crore. Most notes value the issue at 52 to 58 times FY26 earnings, pre- versus post-issue, and about 31 times EV/EBITDA. Listed cable peers trade at roughly 28 to 55 times. Several notes call the issue fully priced or expensive, including some that said subscribe, which points to a muted to moderate listing.

Short-term strategy

Fresh proceeds will fund machinery, equipment and civil works at its plants. Borrowings rose to ₹258 crore in June 2026 from ₹37 crore in FY24, and one note flags negative operating cash flow in FY25, FY26 and the June 2026 quarter. Cable capacity use was about 70% in FY26. The notes see growth, but working capital needs are the near-term watch point.

Long-term strategy

Analysts credit high entry barriers, certifications, a broad product range and demand from broadband, telecom and data centres. The main risks are concentration: the top ten customers gave 76.5% of FY26 revenue and 84% in the June quarter, the largest 25.8%, and the top ten suppliers about 70% of purchases. Most subscribe calls carry a two to three year or long-term horizon.

How this is written: an AI-assisted summary of the 16 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Orient Cables (India) IPO?

The analyst consensus for Orient Cables (India) IPO tracked on this page is Strong Apply, with a score of 92/100. Out of 15 analysts who have reviewed this IPO, 12 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 92 mean for Orient Cables (India) IPO?

The score of 92 is an aggregate of all analyst ratings tracked for Orient Cables (India) IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Orient Cables (India) IPO?

Orient Cables (India) IPO listed on October 5, 2026 at ₹450, against the issue price of ₹272 — a gain of +65.44% (₹178 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Orient Cables (India) IPO?

Orient Cables (India) IPO was priced at ₹258-272 per share. The minimum lot size is 55 shares, making the minimum investment approximately ₹14,960 at the upper end of the price band. Subscription ran from 25 Sep 2026 to 29 Sep 2026.

Explore Orient Cables (India) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Orient Cables (India) IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
92 / 100
Listed at
₹450
Full IPO details
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