Telecom - Equipment & Accessories - Listed on 05 October 2026
Orient Cables (Telecom - Equipment & Accessories) closed its IPO window in 2026 and listed on NSE and BSE on 05 October 2026 at an upper band issue price of Rs 272, opening at Rs 450 for a listing gain of +65.4% and closing day one at Rs 405 (+48.9% on closing basis). The IPO was subscribed 97.28x overall - QIB 192.68x, HNI/NII 121.90x, Retail 32.21x. The total issue size was Rs 552 Cr (Fresh Issue Rs 320 Cr, OFS Rs 232 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Telecom - Equipment & Accessories
Orient Cables is a specialised manufacturer of networking cables, optical fibre cables and passive networking infrastructure components serving telecom, broadband, data centres, renewable energy, defence, automotive and other infrastructure markets. The company operates manufacturing facilities in Bhiwadi, Rajasthan and Bengaluru.
Issue structure, listing outcome and context
The ₹552 crore IPO comprised a ₹320 crore fresh issue and ₹232 crore offer for sale, priced at ₹272 per share at the upper end. The shares listed on NSE at ₹450 on 5 October 2026, a 65.44% premium to the issue price, and closed at ₹405, representing a 48.90% gain over the issue price.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 34 | +12.50% |
| Day 2 | Rs 50.5 | +18.60% |
| Day 3 | Rs 70 | +25.70% |
| Day 4 | Rs 105 | +38.60% |
| Day 5 | Rs 90 | +33.10% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 40.1 pp (Variance observed)
How the broader market moved around the Orient Cables IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Orient Cables IPO listed at +65.4% versus the upper issue price of Rs 272 on 05 October 2026.
Orient Cables IPO was subscribed 97.28x overall. QIB portion was subscribed 192.68x, HNI / NII 121.90x and Retail 32.21x.
IPO GMP started at Rs 34 on Day 1 and moved to Rs 90 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.