Orient Cables IPO GMP Today: Grey Market Premium, Price Band, Subscription, Allotment and Listing Date
The Orient Cables IPO has become a major focus in India’s primary market as the public issue enters its final bidding day on September 29, 2026. The ₹552 crore mainboard IPO opened for subscription on September 25 and is scheduled to close today. Alongside strong subscription activity, investors are closely tracking the Orient Cables IPO GMP, or Grey Market Premium, as an unofficial indicator of market sentiment ahead of the proposed listing.
Recent grey-market trackers have reported the premium at different levels, underlining how quickly GMP can change. One tracker reported a GMP of around ₹72, implying an indicative price of ₹344 against the upper issue price of ₹272, while another reported ₹74. These figures are unofficial and should not be treated as a guaranteed listing price.
The IPO has a price band of ₹258 to ₹272 per share, with a lot size of 55 shares. At the upper price, one retail lot requires an investment of ₹14,960.
Orient Cables IPO GMP Today
The latest available grey-market quotations are showing a premium over the upper IPO price, although the exact number differs across market trackers.
As of September 29, one tracker reported an Orient Cables IPO GMP of ₹74. Based on the ₹272 upper price band, that translates into an indicative price of approximately ₹346. The same source calculated an indicative gain of about 27.21%.
Another tracker had reported ₹72 in its latest update, while earlier observations had reached ₹90 or higher. This difference highlights an important point: GMP is not an official exchange price and can vary between sources and throughout the day.
Orient Cables IPO GMP Trend
| Date | Reported GMP | Indicative Price* |
|---|---|---|
| September 29 | ₹74 | ₹346 |
| September 28 | ₹90–₹92 | ₹362–₹364 |
| September 27 | Around ₹90 | ₹362 |
| September 26 | Around ₹85–₹86 | ₹357–₹358 |
| September 25 | Around ₹70–₹80 | ₹342–₹352 |
| September 24 | ₹45–₹50.50 | ₹317–₹322.50 |
*Indicative price is calculated by adding the reported GMP to the ₹272 upper price band. GMP values vary between trackers and are unofficial.
What Does Orient Cables IPO GMP Mean?
Grey Market Premium represents the unofficial premium at which IPO shares are reportedly being traded before their official stock-market listing.
For example, if the IPO’s upper price is ₹272 and the reported GMP is ₹74, the simple GMP calculation gives:
₹272 + ₹74 = ₹346
However, ₹346 is only an indicative calculation, not a prediction or guaranteed listing price.
The grey market operates outside the regulated stock exchanges, and GMP can change depending on demand, broader market sentiment, subscription numbers and other factors. Investors should therefore avoid using GMP as the only basis for evaluating an IPO.
Orient Cables IPO Price Band and Issue Size
The company has fixed the price band at ₹258 to ₹272 per equity share.
The total issue size is approximately ₹552 crore, comprising a fresh issue of ₹320 crore and an offer for sale worth ₹232 crore.
The important details are:
| IPO Detail | Information |
|---|---|
| Company | Orient Cables (India) Ltd. |
| IPO Type | Mainboard |
| Price Band | ₹258–₹272 |
| Issue Size | ₹552 crore |
| Fresh Issue | ₹320 crore |
| Offer for Sale | ₹232 crore |
| Lot Size | 55 shares |
| Minimum Retail Investment | ₹14,960 |
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Allotment | September 30, 2026 |
| Demat Credit | October 1, 2026 |
| Proposed Listing | October 5, 2026 |
| Exchanges | NSE and BSE |
These dates and issue details are reported by IPO market trackers and financial publications.
Orient Cables IPO Subscription Status
Investor interest in the issue has increased during the subscription period.
Financial Express reported that the ₹552 crore issue was 1.96 times subscribed on the first day, with non-institutional investors subscribing 3.47 times and retail investors 2.42 times, while QIB participation was still limited at that point.
By later stages of the issue, subscription data showed substantially higher demand. One market tracker reported total subscription of around 5.70 times, with the NII portion at 11.40 times and retail at 6.50 times, while QIB subscription remained comparatively low in that snapshot.
Another exchange-linked tracker reported 5.84 times subscription in its latest data.
Because subscription figures can change until bidding closes, investors should check the latest exchange data on the final day.
Orient Cables IPO Lot Size
The minimum retail application consists of 55 shares.
At the upper price of ₹272, the calculation is:
55 × ₹272 = ₹14,960
Therefore, investors applying for one retail lot at the upper band would need ₹14,960, subject to the applicable application and allocation process.
The lot size makes the IPO accessible within the standard retail application limit, although the final allocation depends on demand and the applicable allotment rules.
What Will Orient Cables Do With the IPO Money?
The company is raising ₹320 crore through the fresh issue. According to reports, the proceeds are intended to support capacity expansion and debt repayment, alongside broader business requirements.
The offer for sale component, worth ₹232 crore, will result in shares being sold by existing shareholders rather than providing fresh capital to the company.
Reports indicate that the promoter holding is expected to decline from 100% to approximately 82.2% after the IPO.
About Orient Cables
Orient Cables operates in the cable manufacturing segment, with a focus on networking and specialty cables. The company was incorporated in 2005, according to IPO documentation details cited by market sources.
The broader cable and electrical products market is connected to demand from telecommunications, networking, infrastructure, industrial applications and other sectors. The company’s IPO therefore comes at a time when investors are closely following businesses linked to India’s infrastructure and digital connectivity expansion.
However, the company’s future performance will depend on factors including demand, raw-material costs, production capacity, competition, margins and execution.
Orient Cables IPO Allotment Date
The tentative Orient Cables IPO allotment date is September 30, 2026.
After the basis of allotment is finalized, investors can expect refunds or unblocking of funds according to the applicable process. Shares are scheduled to be credited to successful applicants’ demat accounts around October 1.
The proposed stock-market listing is scheduled for October 5, 2026, on both NSE and BSE.
Investors can generally check allotment information through the registrar’s platform or the relevant exchange once the basis of allotment is finalized.
Orient Cables IPO Listing: What GMP Indicates
The current GMP is attracting attention because the reported premium remains above the IPO’s upper price band.
If the reported GMP were ₹74 and the upper issue price were ₹272, the mathematical indication would be ₹346. If the GMP changes, the calculation changes accordingly.
For example:
- IPO upper price: ₹272
- Reported GMP: ₹74
- Indicative price: ₹346
- Indicative premium: about 27.2%
But the actual listing price can be higher or lower than any GMP-based calculation.
The grey market is unofficial, and there is no assurance that the stock will list at the level suggested by GMP.
Orient Cables IPO: Key Things Investors Should Watch
Before the listing, several factors could influence the stock’s performance.
Subscription data: The final subscription numbers can provide information about demand across investor categories.
GMP movement: Grey-market quotations are being closely watched, but they remain unofficial and volatile.
Valuation: Investors should examine the company’s financial performance and valuation rather than focusing exclusively on a premium quoted outside the exchanges.
Use of IPO proceeds: The fresh issue is intended partly for expansion and debt-related requirements, making execution important after listing.
Cable industry demand: Future growth will depend on demand across networking, infrastructure and specialty cable applications.
Final Word
The Orient Cables IPO GMP has remained a key talking point as the ₹552 crore issue reaches its final day of subscription on September 29. The reported grey-market premium has moved considerably during the IPO period, with latest trackers placing it broadly in the ₹70-plus range, although individual sources have reported different figures.
The IPO carries a price band of ₹258–₹272, while the minimum retail investment at the upper band is ₹14,960. The issue includes a ₹320 crore fresh issue and ₹232 crore offer for sale. The proposed allotment date is September 30, with shares expected to be credited around October 1 and listing scheduled for October 5, 2026.
For investors following Orient Cables IPO GMP today, the key point is that GMP should be viewed only as an unofficial market indicator. The actual listing price will be determined by trading on the stock exchanges, and the final outcome can differ significantly from grey-market indications.