GENERAL22 Sept 2026
Orient Cables to launch ₹552 crore IPO on Sep 25, price band at ₹258-272
Orient Cables has cut its IPO size to ₹552 crore from the ₹700 crore it first filed, and the full ₹148 crore reduction comes from the offer for sale portion. If you plan to invest, the price band is ₹258-272 per share, with bidding from September 25 to 29 and a listing expected around October 5. Fresh issue money goes to machinery and debt repayment.
Key Statutory Highlights
- The price band for the Orient Cables IPO is ₹258 to ₹272 per share, and public bidding runs from September 25 to September 29.
- The issue has a fresh issue of equity shares worth up to ₹320 crore and an offer for sale of shares worth up to ₹232 crore.
- Money from the fresh issue will go towards machinery, equipment and civil works at its factories, and part repayment of some borrowings.
Actionable Advice for Taxpayers / Founders:If you are thinking of applying, read the offer document available with the lead managers or registrar KFin Technologies, and check whether the business and the price band suit your own risk and goals before you bid. Do not treat any IPO as a sure gain.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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