Orient Cables shares surge 65% on market debut

Orient Cables commenced trading on the NSE at ₹450 per share, representing a substantial 65.44 per cent premium over the issue price of ₹272. The strong opening reflected considerable investor demand for the company's initial public offering.

The listing gains signal market confidence in Orient Cables' business prospects and operational performance. The company's entry into the public markets follows the completion of its IPO subscription process, which had drawn significant participation from institutional and retail investors across the country.

The cable and wire manufacturer's strong debut performance places it among recent public offerings that have delivered impressive first-day returns. The surge in share value during initial trading indicates that the IPO pricing was well-received by market participants and reflects expectations around the company's growth trajectory.

Orient Cables joins a growing roster of Indian manufacturers seeking capital market funding to support expansion and modernisation initiatives. The successful listing underscores continued investor interest in infrastructure and industrial companies positioned to benefit from India's ongoing economic growth and rising demand for power and telecommunications infrastructure.