Orient Cables raises $58.2M in India IPO, oversubscribed 92 times
What's the deal? Orient Cables (India) LimitedDealroom has a profile for this one. Try Dealroom → (OCIL) has completed its initial public offering, raising US$75M (roughly $58.2 million). The offering combined a fresh issue of 11,764,705 shares worth US$43.5M with an offer for sale of 8,529,409 shares worth US$31.5M.
Who's involved? IIFL Capital ServicesDealroom has a profile for this one. Try Dealroom → and JM FinancialDealroom has a profile for this one. Try Dealroom → acted as book running lead managers, with Dentons Link LegalDealroom has a profile for this one. Try Dealroom → serving as their legal counsel.
Why it stands out: The IPO was oversubscribed by 92 times. Demand was strongest in the qualified institutional buyer category, which was subscribed 182 times.
What's the endgame? OCIL manufactures networking cables and passive networking equipment. In Fiscal 2026, it ranked among India's top four players in the networking cables industry, with an estimated market share of about 22.9%.
The signal: The heavy institutional demand underscores strong investor appetite for India's networking infrastructure sector, where domestic manufacturers are scaling up to meet rising demand.
Read more: chambers.com
Image credit: Generated with Gemini
