Orient Cables (India) IPO Analysis: Valuation, Peer Comparison, Strengths & Key Risks
The Indian wire and cable ecosystem is in the middle of a massive capex cycle driven by 5G telecom rollout, power grid modernization, renewable energy installations, and hyperscale data center expansions. Looking to capitalize on this tailwind, Orient Cables (India) Limited has entered the primary market with a ₹552.00 crore mainboard IPO . With a reported Grey Market Premium (GMP) indicating an estimated ~33% listing premium , investors are weighing whether this offering leaves room on the table or comes at an aggressive multiple. Below is an end-to-end breakdown of the IPO structure, financials, peer multiples, target derivation, and operational red flags. 1. Key IPO Parameters & Timelines Parameter Details Bidding Window September 25 – September 29, 2026 Price Band ₹258 – ₹272 per share Face Value ₹1 per equity share Lot Size 55 shares (Min Retail Investment: ₹14,960 ) Total Issue Size ₹552.00 Cr (2,02,94,114 shares) Fresh Issue ₹320.00 Cr (~1.18 Cr shares) Offer for Sale (OFS)...