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IPO● Neutral for Indian equities
Can Orient Cables IPO deliver long-term growth for high-risk investors?
The brief
- Orient Cables is seeking ₹320 crore through a fresh issue and ₹232 crore via an offer for sale
- The company has seen growth in revenue
- The IPO offers exposure to Orient Cables’ growth, but high-risk investors face execution and valuation risks
- R R Kabel forays in optical fibre cable business
- R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition
- Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore