The allotment status for the Orient Cables (India) Initial Public Offering (IPO) is set to be finalized on Wednesday, September 30. Investors who participated in the IPO, which was open for subscription from September 25 to September 29, can now check their application status through various online platforms.
Orient Cables successfully raised Rs 552 crore through its IPO, with shares offered in a price band of Rs 258-272 apiece. The issue saw robust demand, being oversubscribed an impressive 92.27 times overall, attracting nearly 41 lakh applications.
How to Check Orient Cables IPO Allotment Status
Applicants have multiple options to verify their share allocation:
Via KFin Technologies (Registrar)
KFin Technologies Ltd. is the official registrar for the Orient Cables IPO. To check your status:
- Visit the KFin Technologies IPO status portal.
- Select "Orient Cables (India)" from the dropdown menu once the allotment is finalized.
- Choose one of three modes: Application Number, Demat Account Number, or PAN ID.
- Select your application type (ASBA or non-ASBA) and enter the chosen details.
- Complete the security captcha.
- Click "Submit" to view your allotment status.
Via National Stock Exchange (NSE)
To check on the NSE website:
- Go to the NSE IPO allotment page.
- Select "Equity & SME IPO Bid Details."
- Under "Select Symbol," choose "ORIENTCABL."
- Enter your PAN Number and Application Number.
- Click "Submit."
Via Bombay Stock Exchange (BSE)
To check on the BSE website:
- Visit the BSE IPO allotment page.
- Under "Issue Type," click "Equity."
- Select "Orient Cables (India) Limited" from the "Issue Name" dropdown.
- Enter your Application Number.
- Add your PAN card ID.
- Click "I am not a Robot" and then "Search."
Orient Cables IPO Subscription Details and Allotment Odds
The IPO witnessed overwhelming demand across all investor categories:
- Qualified Institutional Buyers (QIBs): Subscribed 182.76 times.
- Non-Institutional Investors (NIIs): Subscribed 115.63 times.
- Retail Investors: Subscribed 30.55 times.
Given the high subscription rates, the odds of receiving an allotment were relatively low:
- Big HNI Category: Approximately 3.70% (1 investor out of 27 for 770 shares).
- Small HNI Category: Approximately 0.97% (1 investor out of 103 for 770 shares).
- Retail Category: Approximately 3.57% (1 investor out of 28 for 55 shares).
Grey Market Premium (GMP) and Key Dates
Following the strong subscription, the Grey Market Premium (GMP) for Orient Cables (India) shares saw a significant increase. Latest reports indicated a GMP of Rs 85-88 per share, suggesting a potential listing gain of around 31-32 percent for investors. Prior to bidding, the GMP was in the Rs 72-75 range.
Important dates for investors:
- Allotment Finalization: September 30, 2026
- Refunds Processed: October 01, 2026
- Listing on NSE and BSE: October 05, 2026
IIFL Capital Securities and JM Financial Ltd. served as the book-running lead managers for the IPO.