Orient Cables closed a ₹550 cr IPO, raising ₹320 cr in fresh equity and ₹230 cr from share sales; the fresh capital will cut the ₹240 cr debt load to under ₹100 cr.
The company projects revenue of ₹3,200‑₹3,500 cr by FY30, up from ₹2,500‑₹2,600 cr in FY22, driven by capacity expansion and an 8% asset turnover expected after new plant deployment.
CFO Rahul Sharma said the ₹91.5 cr earmarked for plant and machinery at Bhiwadi will boost the 11‑acre facility's output, while a historical fixed‑asset turnover of over eight indicates efficient use of capital.
Market share remains 22.9% in broadband IT connectivity; the firm is top‑four in its segment, with a 33.4% CAGR and the highest ROE among peers for FY25‑26.
Investor sentiment was buoyant; anchor book demand came from Nippon Life India, ICICI Pru AMC, Goldman Sachs Asset Management, White Oak, and Birla MF, signaling strong confidence.
Looking ahead, Orient Cables aims to consolidate market share, expand into defense and solar cable segments, and deliver FY30 revenue target, with guidance to keep debt‑to‑equity below one and maintain a 7% interest rate.