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Orient Cables IPO Draws Strong Bidding and Grey Market Buzz

Original: orient cables ipo gmp

Orient Cables India Ltd's IPO is seeing strong investor interest, with the issue subscribed over 8 times on its second day of bidding and the grey market premium, or GMP, at around 33%. The company raised ₹165.6 crore from anchor investors ahead of the float and is targeting ₹3,500 crore in revenue by FY30. Coverage from Moneycontrol, Economic Times and others is weighing whether the stock can deliver long-term growth for high-risk investors.

Why now: The IPO's heavy oversubscription and notable grey market premium are drawing investor attention to its listing prospects.

Orient Cables India LtdMoneycontrolThe Economic TimesUpstox

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Evidence

• Orient Cables India Ltd IPO Date: Check Issue Date, Price, Lot size, Subscription, News and Details - Moneycontrol · Moneycontrol.com
• Can Orient Cables IPO deliver long-term growth for high-risk investors? · The Economic Times
• Orient Cables Ltd IPO: Check Issue Date, Price Band, Lot Size, Subscription · Upstox
• Orient Cables IPO subscribed over 8x on second day of bidding; GMP at 33% · Moneycontrol.com
• Orient Cables Eyes Rs 3,500 Crore Revenue By FY30 · Equitypandit
• Orient Cables raises ₹165.6 crore from anchor investors ahead of IPO · ET Realty
• The Orient Cables IPO Explained · Finshots

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