The allotment for Orient Cables India Ltd's IPO has been finalised as of September 30, 2026. Investors who applied for the IPO can now check their allotment status online through the official websites of NSE, BSE, and KFin Technologies. This article explains how to verify your IPO allotment and provides important details about the IPO and its listing date.
- The IPO raised ₹552 crore with a price band of ₹258 to ₹272 per share.
- The issue included a fresh issue of 1.18 crore shares and an offer-for-sale component worth ₹232 crore.
- The IPO was subscribed 92.27 times overall.
- Shares will be listed on NSE and BSE on October 5, 2026, at 10 am.
What is the Orient Cables IPO?
Orient Cables India Ltd specialises in manufacturing networking cables and passive networking equipment. These products serve various industries such as telecom, broadband, data centres, renewable energy, and smart building automation. The company launched its IPO to raise ₹552 crore, which includes a fresh issue and an offer-for-sale (OFS) of shares.
How was the IPO subscribed?
The IPO attracted significant investor interest, being subscribed 92.27 times. The qualified institutional buyers (QIBs) portion was oversubscribed 182.76 times, non-institutional investors subscribed 115.63 times, and retail investors subscribed 30.55 times. This high subscription indicates strong demand for the company's shares.
How to check the IPO allotment status online?
Investors can check their allotment status on the websites of NSE, BSE, and KFin Technologies. To do this, you need to visit the respective website and enter your application details such as PAN number or application number. The allotment status will show whether you have been allotted shares and the quantity allotted.
What will the company do with the funds raised?
The money raised through the IPO will be used for capital expenditure, including purchasing machinery, equipment, and civil works at manufacturing units. Additionally, funds will be used for repayment or partial prepayment of borrowings and general corporate purposes. This investment aims to support the company's growth and operational efficiency.
When will the shares be listed?
Shares of Orient Cables are scheduled to be listed on the NSE and BSE on Monday, October 5, 2026, at 10 am. After listing, investors who received allotments can trade their shares on the stock exchanges.
Frequently Asked Questions
Q: Where can I check my Orient Cables IPO allotment status?
A: You can check your allotment status on the NSE, BSE, or KFin Technologies websites by entering your application details.
Q: What was the price band for the Orient Cables IPO?
A: The price band was set between ₹258 and ₹272 per share.
Q: When will the Orient Cables shares be listed?
A: The shares will be listed on October 5, 2026, at 10 am on NSE and BSE.
Q: How much was the IPO subscribed?
A: The IPO was subscribed 92.27 times overall, with strong interest from institutional and retail investors.
