Orient Cables files draft papers for ₹700 crore IPO
Orient Cables (India) Ltd on Thursday filed preliminary papers with capital markets regulator Sebi seeking its approval to raise ₹700 crore through an initial public offering (IPO).
The public offer comprises both a fresh issue and an Offer for Sale (OFS) by promoters.
The fresh issue consists of equity shares worth ₹320 crore, while the OFS comprises equity shares aggregating to ₹380 crore, taking the total offer size to ₹700 crore, according to the draft red herring prospectus (DRHP).
