Orient Cables IPO enters final day with 27% grey-market premium
In short
The ₹552-crore Orient Cables IPO was in its final day of bidding on September 29.
It had a 27% grey-market premium and included 1.18 crore fresh shares worth ₹320 crore plus an offer for sale of 85.29 lakh shares worth ₹232 crore. The reporting does not say the final subscription total or when it will list.
What the reporting says
The ₹552-crore Orient Cables IPO entered its final day of bidding on September 29 with strong investor demand and a 27% grey-market premium, according to the publisher summary. The issue includes a fresh issue of 1.18 crore shares worth ₹320 crore and an offer for sale of 85.29 lakh shares worth ₹232 crore. The reporting does not state the final subscription figure or listing date.
Why it matters
Orient Cables’ public offering is drawing strong demand on its final bidding day, with a reported 27% grey-market premium over the issue price. The issue combines fresh capital raising and an offer for sale. The available summary does not confirm the final subscription level or any allotment and listing timeline, so the immediate market read is limited to demand indicators.