Orient Cables (India) Ltd IPO
Status: Upcoming
Overview
IPO date
25 Sept 2026 to 29 Sept 2026
Face value
₹ 1 per share
Price
₹ 258 to ₹272 per share
Issue Size
20,294,114 shares
(aggregating up to ₹ 552 Cr)
(aggregating up to ₹ 552 Cr)
Allotment Date
30 Sept 2026
Listing at
NSE
Issue type
Book Building
Sector
Cables
Unlock Stock of the Month
T&C*
Strengths vs Risks of Orient Cables (India) Ltd
Know the pros & cons
Strengths
- One of the leading specialty cable manufacturers for telecommunications in India, in terms of the range of products manufactured, in an industry with high entry barriers.
- Diversified portfolio of customized products and solutions across end user industries.
- Long standing customer relationships with marquee clientele.
- Strategically located Manufacturing Facilities with a focus on product innovation through in-house capabilities.
- Experienced promoters and professional management with domain knowledge.
- Strong financial performance with high balance sheet efficiency through automation.
Risks
- The company's brand and reputation are important to its business. Any adverse publicity or intellectual property dispute relating to the "ORIENT" brand may adversely affect the company's business, results of operations, prospects and cash flows.
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials, of which over 74.91% and 69.71% were sourced from the company's top 10 suppliers in the three months period ended June 30, 2026 and Fiscal 2026, respectively, could adversely impact its estimated costs, project timelines, and expenditures, and may have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company derives 84.00% and 76.52% of its revenue from operations from the company's top 10 customers as of the three months period ended June 30, 2026 and Fiscal 2026, respectively. If one or more of such customers choose not to source their requirements from the company or to terminate its contracts or purchase orders, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- The company is subject to strict quality requirements and any product defect issues or failures by the company or its raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or warranty and exposure to potential product liability claims.
- The company's continued operations at two of its Manufacturing Facilities, concentrated in Rajasthan are critical to the company's business and any disruption, breakdown or shutdown of its manufacturing facilities or any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Rajasthan may have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- Any underutilization of the company's manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.
- The company has not availed any credit rating since Fiscal 2025 and the last credit ratings assigned to the company was CRISIL B /Stable (Issuer not cooperating) by way of letter dated December 29, 2023 and CRISIL B /Stable (Issuer not cooperating; Rating continues at the same level) dated November 29, 2024. Any adverse perception arising from the absence of a current credit rating, or from its previous credit rating may affect the Company's ability to avail of debt and could also impact the trading price of the Equity Shares.
- The company's Statutory Auditors have included certain emphasis of matter and/or observations on the Companies (Auditor's Report) Order, 2020 ("CARO") in their reports for the financial statements as of and for the Fiscals 2026, 2025 and 2024.
- One of the members of the Promoter Group, Radhika Julka, the sister of the company's Promoter Vipul Nagpal, has been disclosed in the list of Wilful Defaulters. While the company has been informed that the bank statements indicate that the loan has been repaid, the no objection certificate from the bank is awaited.
- The company has had negative cash flows from operating and investing activities in the three months period ended June 30, 2026, Fiscal 2026 and Fiscal 2025 and may continue to have negative cash flows in the future which could have an impact on the company's business and operations.
- The company's business is dependent on timely availability of working capital and delays in receivables collection may significantly affect its operations, financial condition, and prospects.
- The company is heavily dependent on the performance of the networking cables in the wires and cables industry and the performance of the end-user industries. Any adverse changes in the conditions affecting the broadband wires and cables industry or the end-user industries in which the company's customers operates can adversely impact its business, financial condition, results of operations, cash flows and prospects.
- Some of the company's Directors and Promoters may have interest in entities, which are in businesses similar to its and this may result in conflict of interest with the company. Further, its Promoters may enters into ventures that may lead to real or potential conflicts of interest with the company's business.
- The company Return on Net Worth(%) has declined from 37.26% in Fiscal 2024 to 34.60% in Fiscal 2025 to 25.84% in Fiscal 2026. A sustained decline in its RoNW may indicate reduced efficiency in generating profits from shareholders funds and may impact the perception of the company's financial performance, capital efficiency and overall profitability.
- The company faces significant competitive pressures in its business. The company's inability to compete effectively would be detrimental to its business and future prospects.
- If the company is unable to introduce new products and respond to changing customer preferences in a timely and effective manner or if its products become obsolete due to a breakthrough in the development of technology or alternate products, the demand for the company's products may decline, which may have an adverse effect on its business, cash flows, results of operations and financial condition.
- The company is dependent on third-party contract labourers for several aspects relating to its manufacturing activities. Any disruption in the supply of contract labour or the company's inability to control the composition of its contract labour could adversely affect the company's business, results of operations, financial conditions and cash flows.
- The Company has not registered the logos , and which are used by the company for certain business activities. Any failures to protect or enforce its rights to own or uses the company's logos, trademarks and identities could have an adverse effect on its business and competitive business.
- The company is dependent on third party transportation and logistics service providers. Any defect, damage or destruction caused to its products during the process of delivery could adversely affect the company's business, financial condition and results of operations.
- The company may not accomplish its growth strategy, and the company's business may suffer if its fails to manage the company's growth efficiently or effectively, which could adversely affect its reputation, results from operations, financial conditions, cash flows and reduce the company profitability.
- Expansion of the annual installed capacity of Other Allied Products despite existing underutilization may adversely affect the company's business, financial condition and results of operations if there is insufficient demand for its products.
- There has been one instance of non-compliance with certain environmental laws in the past and the terms and conditions of approvals issued under such laws in relation to its Unit II. Any such failures to comply with environmental laws and/or the terms and conditions of approvals issued under such environmental laws and regulations could subject it to penalties and other regulatory actions, impact the company's ability to obtain or renew such approvals in a timely manner/ at all and may also adversely affect its ability to operates the company units and consequently affect its results of operations.
- The company's insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject, and this may have an adverse effect on its business.
- The company has invested in debt instruments which are unsecured. Any decline in the value of its investments will not be backed up by security and may adversely affect the company's financial condition.
- A portion of the company's revenue and expenses are denominated in foreign currency. The company is exposed to foreign currency fluctuation risks, in relation to import of raw materials and export of products, which may adversely affect its results of operations, financial condition and cash flows.
- There have been some instances of non-compliances under the Companies Act in the past which may attract penalties.
- The company has not yet placed orders in relation to the capital expenditure for the purchase of equipment and machinery for its Manufacturing Facilities. In the event of any delay in placing the orders, or in the event the vendor is not able to provide the equipment in a timely manner, or at all, it may result in time and cost overruns and the company's business, prospects and results of operations may be adversely affected.
- The company's exports expose it to risks that could materially adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.
- The company's entry into new product segments, such as E-beam cables, solar junction boxes, passive networking components, automotive and appliance harnesses, power cords, tethered drone systems and EV charging assemblies, may expose it to significant risks, and the company's inability to successfully develop, commercialize and scale these products could adversely affect its business, financial condition, results of operations and cash flows.
- The Company, Promoters, Directors, Key Managerial Personnel, Senior Management Personnel, Subsidiary and Group Companies may be involved in outstanding legal proceedings and any adverse outcome in any of these proceedings may adversely impact the company's business, cash flows, results of operations, financial condition and prospects.
- Certain challans for the forms filed by the company with the RoC, are not traceable. While the company has conducted a search with the RoC, in respect of the unavailability of such challans, its cannot assure you that such forms or records will be available at all or any time in the future.
- The company has not been able to obtain certain records of educational qualifications of one of its Senior Management Personnel, and have relied on certificates and marksheets furnished by him for such details of their profile, included in this Red Herring Prospectus.
- The company has had instance of delays in payments of statutory dues by the Company. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its financial condition and cash flows.
- A shortage or unavailability of electricity, fuel, water or labour could affect the company's manufacturing operations and may have an adverse effect on its business, results of operations and financial condition.
- The company is required to comply with various government regulations, including obtaining licenses, permits, approvals and consents under certain environmental laws, which are critical for operating its Manufacturing Facilities. If the company fails to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operates the company's business, results of operations and cash flows may be adversely affected.
- The imposition of trade remedial measures, including anti-dumping duties by the European Union and reciprocal tariffs by the United States on Indian telecom and optical fibre cable products, may adversely affect the company export competitiveness, margins and growth prospects in key international markets.
- The company's regularly work with hazardous materials and activities in its operation can be dangerous, which could cause injuries to people or property.
- Loss of accreditation or certifications received for the company's products or Manufacturing Facilities may damage its reputation and may have an adverse impact on the company operations.
- The Company and the industry its operates in is subject to certain threats and challenges. Materialization of any of these threats could result in increased costs, delays, or inability to sell the company's products, adversely affecting its business, financial condition and results of operations.
- If the company is unable to maintain and enhance its brands through the company's trademark, including its ability to protect the company's brand and intellectual property for its logos, and , the sales of the company's products will suffer, which would have a material adverse effect on its results of operations. The company may also unintentionally infringe upon the intellectual property rights of others, any misappropriation of which could harm its competitive position.
- The company has indebtedness which requires cash flows to service and limits its ability to operates freely. Any breach of terms under the company's financing arrangements or its inability to comply with repayment and other covenants in the financing agreements could adversely affect the company's business, financial condition, cash flows and credit rating.
- The company has employee benefit expenses, such as salaries, wages and bonus, contribution to provident and other funds and staff welfare expenses. In case its faces an increase in employee costs that the company is unable to pass on to its customers, the company may be prevented from maintaining its competitive advantage and the company profitability may be impacted.
- Improper storage, processing and handling of the company's raw materials, work in progress and finished goods could damage its inventories and, as a result, have an adverse effect on the company's business, results of operations and cash flows.
- The Offer Price, market capitalisation to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
- In the event the company's contingent liabilities and capital commitments materialize, its financial condition and profitability may be adversely affected.
- The company's Corporate Office, Registered Office, land on which the Manufacturing Facilities are located and a guest house are located on leased premises. There can be no assurance that these lease agreements shall be renewed upon termination or that the company shall be able to obtain other premises on lease on same or similar commercial terms, which could adversely affect its business, results of operations, financial conditions and cash flows.
- The success of the company's business depends substantially on its strong management, including the company's Promoters, Directors, Key Managerial Personnel and Senior Management Personnel, and on its operational workforce. The company's inability to retain them or to recruit highly skilled technical personnel that are necessary for its business could adversely affect the company's business.
- Certain sections of this Red Herring Prospectus contain information from the 1Lattice Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company has in the past entered into related party transactions and may continue to do in the future, which may potentially involve conflict of interest with the equity shareholders.
- Certain Non-GAAP financial measures and other statistical information relating to the company operations and financial performance have been included in this Red Herring Prospectus.
- The company's Promoters, certain of its Directors, Key Managerial Personnel and Senior Management Personnel may have interests in the company other than reimbursement of expenses incurred and normal remuneration or benefits.
- None of the company's Directors have prior experience of directorship in any of companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company from a listing perspective.
- The company's Promoters and certain members of its Promoter Group shall continue to retain significant control in the Company after the Offer, which shall allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Grants of stock options under the company's employee stock option plans may result in a charge to its profit and loss account and, to that extent, reduce the company profitability and financial condition.
- The objects of the Offer for which funds have been raised and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution. Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings. Further, if there are any delays or cost overruns, the company's business, financial condition and results of operations may be adversely affected.
- Variation in the utilisation of Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- The company cannot assure payment of dividends on the Equity Shares in the future. The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Employee misconduct or failures of the company's internal processes or procedures could harm it by impairing the company's ability to attract and retain customers and subject it to significant legal liability and reputational harm, which could adversely affect the company's reputation, business, results from operations, financial conditions and cash flows.
- The company track certain operational metrics with internal systems and tools. Certain of its operational metrics are subject to inherent challenges in measurement which may adversely affect the company's business and reputation.
- Upon listing, the company may be subject to additional costs/unanticipated expenses arising from the obligations that a listed public company has to comply with, under the applicable regulatory framework in India.
- The company may be exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems which may have an adverse effect on the company's business and results of operations.
Orient Cables (India) Ltd Peer Comparison
Understand the company’s industry standing
Orient Cables (India) Limited
RR Kabel Limited
Polycab India Limited
Face Value
1
5
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
---
---
---
EPS-Basis
5.27
43.53
177.53
EPS-Diluted
5.27
43.52
176.95
NAV Per Share
23.11
227.61
805.5
P/E-Basic EPS
---
54.85
46.49
P/E-Diluted EPS
---
---
---
RONW(%)
25.84
20.83
24.58
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 25 Sept 2026 & closes on 29 Sept 2026.
Orient Cables (India) Ltd IPO will close on 29 Sept 2026.
- One of the leading specialty cable manufacturers for telecommunications in India, in terms of the range of products manufactured, in an industry with high entry barriers.
- Diversified portfolio of customized products and solutions across end user industries.
- Long standing customer relationships with marquee clientele.
- Strategically located Manufacturing Facilities with a focus on product innovation through in-house capabilities.
- Experienced promoters and professional management with domain knowledge.
- Strong financial performance with high balance sheet efficiency through automation.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Vipul Nagpal | 24722800 | 24.23 | 24722800 | 21.72 |
| 2 | Garima Nagpal | 5788000 | 5.67 | 5788000 | 5.09 |
| 3 | Vardaan Nagpal | 100000 | 0.1 | 100000 | 0.09 |
| 4 | Vipul Fmily Trust | 35712000 | 35 | 35712000 | 31.38 |
| 5 | Garima Family Trust | 35712000 | 35 | 35712000 | 31.38 |
- The company's brand and reputation are important to its business. Any adverse publicity or intellectual property dispute relating to the "ORIENT" brand may adversely affect the company's business, results of operations, prospects and cash flows.
- Significant increases or fluctuations in prices of, or shortages of, or delays or disruptions in the supply of primary raw materials, of which over 74.91% and 69.71% were sourced from the company's top 10 suppliers in the three months period ended June 30, 2026 and Fiscal 2026, respectively, could adversely impact its estimated costs, project timelines, and expenditures, and may have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company derives 84.00% and 76.52% of its revenue from operations from the company's top 10 customers as of the three months period ended June 30, 2026 and Fiscal 2026, respectively. If one or more of such customers choose not to source their requirements from the company or to terminate its contracts or purchase orders, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- The company is subject to strict quality requirements and any product defect issues or failures by the company or its raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or warranty and exposure to potential product liability claims.
- The company's continued operations at two of its Manufacturing Facilities, concentrated in Rajasthan are critical to the company's business and any disruption, breakdown or shutdown of its manufacturing facilities or any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Rajasthan may have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- Any underutilization of the company's manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.
- The company has not availed any credit rating since Fiscal 2025 and the last credit ratings assigned to the company was CRISIL B /Stable (Issuer not cooperating) by way of letter dated December 29, 2023 and CRISIL B /Stable (Issuer not cooperating; Rating continues at the same level) dated November 29, 2024. Any adverse perception arising from the absence of a current credit rating, or from its previous credit rating may affect the Company's ability to avail of debt and could also impact the trading price of the Equity Shares.
- The company's Statutory Auditors have included certain emphasis of matter and/or observations on the Companies (Auditor's Report) Order, 2020 ("CARO") in their reports for the financial statements as of and for the Fiscals 2026, 2025 and 2024.
- One of the members of the Promoter Group, Radhika Julka, the sister of the company's Promoter Vipul Nagpal, has been disclosed in the list of Wilful Defaulters. While the company has been informed that the bank statements indicate that the loan has been repaid, the no objection certificate from the bank is awaited.
- The company has had negative cash flows from operating and investing activities in the three months period ended June 30, 2026, Fiscal 2026 and Fiscal 2025 and may continue to have negative cash flows in the future which could have an impact on the company's business and operations.
- The company's business is dependent on timely availability of working capital and delays in receivables collection may significantly affect its operations, financial condition, and prospects.
- The company is heavily dependent on the performance of the networking cables in the wires and cables industry and the performance of the end-user industries. Any adverse changes in the conditions affecting the broadband wires and cables industry or the end-user industries in which the company's customers operates can adversely impact its business, financial condition, results of operations, cash flows and prospects.
- Some of the company's Directors and Promoters may have interest in entities, which are in businesses similar to its and this may result in conflict of interest with the company. Further, its Promoters may enters into ventures that may lead to real or potential conflicts of interest with the company's business.
- The company Return on Net Worth(%) has declined from 37.26% in Fiscal 2024 to 34.60% in Fiscal 2025 to 25.84% in Fiscal 2026. A sustained decline in its RoNW may indicate reduced efficiency in generating profits from shareholders funds and may impact the perception of the company's financial performance, capital efficiency and overall profitability.
- The company faces significant competitive pressures in its business. The company's inability to compete effectively would be detrimental to its business and future prospects.
- If the company is unable to introduce new products and respond to changing customer preferences in a timely and effective manner or if its products become obsolete due to a breakthrough in the development of technology or alternate products, the demand for the company's products may decline, which may have an adverse effect on its business, cash flows, results of operations and financial condition.
- The company is dependent on third-party contract labourers for several aspects relating to its manufacturing activities. Any disruption in the supply of contract labour or the company's inability to control the composition of its contract labour could adversely affect the company's business, results of operations, financial conditions and cash flows.
- The Company has not registered the logos , and which are used by the company for certain business activities. Any failures to protect or enforce its rights to own or uses the company's logos, trademarks and identities could have an adverse effect on its business and competitive business.
- The company is dependent on third party transportation and logistics service providers. Any defect, damage or destruction caused to its products during the process of delivery could adversely affect the company's business, financial condition and results of operations.
- The company may not accomplish its growth strategy, and the company's business may suffer if its fails to manage the company's growth efficiently or effectively, which could adversely affect its reputation, results from operations, financial conditions, cash flows and reduce the company profitability.
- Expansion of the annual installed capacity of Other Allied Products despite existing underutilization may adversely affect the company's business, financial condition and results of operations if there is insufficient demand for its products.
- There has been one instance of non-compliance with certain environmental laws in the past and the terms and conditions of approvals issued under such laws in relation to its Unit II. Any such failures to comply with environmental laws and/or the terms and conditions of approvals issued under such environmental laws and regulations could subject it to penalties and other regulatory actions, impact the company's ability to obtain or renew such approvals in a timely manner/ at all and may also adversely affect its ability to operates the company units and consequently affect its results of operations.
- The company's insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject, and this may have an adverse effect on its business.
- The company has invested in debt instruments which are unsecured. Any decline in the value of its investments will not be backed up by security and may adversely affect the company's financial condition.
- A portion of the company's revenue and expenses are denominated in foreign currency. The company is exposed to foreign currency fluctuation risks, in relation to import of raw materials and export of products, which may adversely affect its results of operations, financial condition and cash flows.
- There have been some instances of non-compliances under the Companies Act in the past which may attract penalties.
- The company has not yet placed orders in relation to the capital expenditure for the purchase of equipment and machinery for its Manufacturing Facilities. In the event of any delay in placing the orders, or in the event the vendor is not able to provide the equipment in a timely manner, or at all, it may result in time and cost overruns and the company's business, prospects and results of operations may be adversely affected.
- The company's exports expose it to risks that could materially adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.
- The company's entry into new product segments, such as E-beam cables, solar junction boxes, passive networking components, automotive and appliance harnesses, power cords, tethered drone systems and EV charging assemblies, may expose it to significant risks, and the company's inability to successfully develop, commercialize and scale these products could adversely affect its business, financial condition, results of operations and cash flows.
- The Company, Promoters, Directors, Key Managerial Personnel, Senior Management Personnel, Subsidiary and Group Companies may be involved in outstanding legal proceedings and any adverse outcome in any of these proceedings may adversely impact the company's business, cash flows, results of operations, financial condition and prospects.
- Certain challans for the forms filed by the company with the RoC, are not traceable. While the company has conducted a search with the RoC, in respect of the unavailability of such challans, its cannot assure you that such forms or records will be available at all or any time in the future.
- The company has not been able to obtain certain records of educational qualifications of one of its Senior Management Personnel, and have relied on certificates and marksheets furnished by him for such details of their profile, included in this Red Herring Prospectus.
- The company has had instance of delays in payments of statutory dues by the Company. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its financial condition and cash flows.
- A shortage or unavailability of electricity, fuel, water or labour could affect the company's manufacturing operations and may have an adverse effect on its business, results of operations and financial condition.
- The company is required to comply with various government regulations, including obtaining licenses, permits, approvals and consents under certain environmental laws, which are critical for operating its Manufacturing Facilities. If the company fails to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operates the company's business, results of operations and cash flows may be adversely affected.
- The imposition of trade remedial measures, including anti-dumping duties by the European Union and reciprocal tariffs by the United States on Indian telecom and optical fibre cable products, may adversely affect the company export competitiveness, margins and growth prospects in key international markets.
- The company's regularly work with hazardous materials and activities in its operation can be dangerous, which could cause injuries to people or property.
- Loss of accreditation or certifications received for the company's products or Manufacturing Facilities may damage its reputation and may have an adverse impact on the company operations.
- The Company and the industry its operates in is subject to certain threats and challenges. Materialization of any of these threats could result in increased costs, delays, or inability to sell the company's products, adversely affecting its business, financial condition and results of operations.
- If the company is unable to maintain and enhance its brands through the company's trademark, including its ability to protect the company's brand and intellectual property for its logos, and , the sales of the company's products will suffer, which would have a material adverse effect on its results of operations. The company may also unintentionally infringe upon the intellectual property rights of others, any misappropriation of which could harm its competitive position.
- The company has indebtedness which requires cash flows to service and limits its ability to operates freely. Any breach of terms under the company's financing arrangements or its inability to comply with repayment and other covenants in the financing agreements could adversely affect the company's business, financial condition, cash flows and credit rating.
- The company has employee benefit expenses, such as salaries, wages and bonus, contribution to provident and other funds and staff welfare expenses. In case its faces an increase in employee costs that the company is unable to pass on to its customers, the company may be prevented from maintaining its competitive advantage and the company profitability may be impacted.
- Improper storage, processing and handling of the company's raw materials, work in progress and finished goods could damage its inventories and, as a result, have an adverse effect on the company's business, results of operations and cash flows.
- The Offer Price, market capitalisation to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
- In the event the company's contingent liabilities and capital commitments materialize, its financial condition and profitability may be adversely affected.
- The company's Corporate Office, Registered Office, land on which the Manufacturing Facilities are located and a guest house are located on leased premises. There can be no assurance that these lease agreements shall be renewed upon termination or that the company shall be able to obtain other premises on lease on same or similar commercial terms, which could adversely affect its business, results of operations, financial conditions and cash flows.
- The success of the company's business depends substantially on its strong management, including the company's Promoters, Directors, Key Managerial Personnel and Senior Management Personnel, and on its operational workforce. The company's inability to retain them or to recruit highly skilled technical personnel that are necessary for its business could adversely affect the company's business.
- Certain sections of this Red Herring Prospectus contain information from the 1Lattice Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company has in the past entered into related party transactions and may continue to do in the future, which may potentially involve conflict of interest with the equity shareholders.
- Certain Non-GAAP financial measures and other statistical information relating to the company operations and financial performance have been included in this Red Herring Prospectus.
- The company's Promoters, certain of its Directors, Key Managerial Personnel and Senior Management Personnel may have interests in the company other than reimbursement of expenses incurred and normal remuneration or benefits.
- None of the company's Directors have prior experience of directorship in any of companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company from a listing perspective.
- The company's Promoters and certain members of its Promoter Group shall continue to retain significant control in the Company after the Offer, which shall allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Grants of stock options under the company's employee stock option plans may result in a charge to its profit and loss account and, to that extent, reduce the company profitability and financial condition.
- The objects of the Offer for which funds have been raised and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution. Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings. Further, if there are any delays or cost overruns, the company's business, financial condition and results of operations may be adversely affected.
- Variation in the utilisation of Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- The company cannot assure payment of dividends on the Equity Shares in the future. The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Employee misconduct or failures of the company's internal processes or procedures could harm it by impairing the company's ability to attract and retain customers and subject it to significant legal liability and reputational harm, which could adversely affect the company's reputation, business, results from operations, financial conditions and cash flows.
- The company track certain operational metrics with internal systems and tools. Certain of its operational metrics are subject to inherent challenges in measurement which may adversely affect the company's business and reputation.
- Upon listing, the company may be subject to additional costs/unanticipated expenses arising from the obligations that a listed public company has to comply with, under the applicable regulatory framework in India.
- The company may be exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems which may have an adverse effect on the company's business and results of operations.
The Issue type of Orient Cables (India) Ltd is Book Building.
The minimum application for shares of Orient Cables (India) Ltd is 55.
The total shares issue of Orient Cables (India) Ltd is 20294114.
Initial public offering of up to [*] equity shares of face value of Re. 1/- each ("Equity Shares") of Orient Cables (India) Limited (the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share ("Offer Price") aggregating up to Rs. 700.00 crores (the "Offer"). The offer comprises of a fresh issue of up to [*] equity shares by the company aggregating upto Rs.320.00 crores (the "Fresh Issue") and an offer for sale of up to [*] equity shares (the "Offered Shares") aggregating up to Rs. 380.00 crores (the "Offer for Sale"), comprising up to [*] equity shares aggregating up to Rs. 92.10 crores by Vipul Nagpal, up to [*] equity shares aggregating up to Rs. 21.50 crores by Garima Nagpal, up to [*] equity shares aggregating up to Rs. 133.20 crores by Vipul Family Trust and up to [*] equity shares aggregating up to Rs. 133.20 crores by Garima Family Trust (the "Promoter Selling Shareholders"). The offer shall constitute [*] % of the post-offer paid-up equity share capital of the company.
The company, in consultation with the brlms, may consider an issue of specified securities as may be permitted under applicable law, to any person(s), aggregating up to Rs. 64.00 crores, at its discretion, prior to filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The face value of the equity shares is Re.1/- each and the offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot size will be decided by the company.