Orient Cables IPO, a Gurgaon-based manufacturer of networking cables and passive equipment, is preparing to launch a substantial ₹700 crore IPO via a book-built route, featuring a ₹320 crore fresh issue and an offer-for-sale (OFS) worth ₹380 crore by promoter shareholders. The fresh capital will support strategic priorities including ₹91.5 crore for capital expenditure, mainly for machinery, equipment, and facility upgrades, along with ₹155.5 crore designated for repayment or partial prepayment of borrowings, and the remainder earmarked for general corporate purposes. The IPO structure also includes the potential for a pre-IPO placement of up to ₹64 crore, which, if executed, would proportionally reduce the fresh issue size. Orient Cables specializes in a diverse portfolio comprising networking cables, specialty power solutions, optical fibre cabling, and allied products, serving critical high-growth industries like telecom, broadband, data centres, renewable energy, and smart building automation. With leading investment banks managing the offering and a clear focus on strategic deployment of funds—deleveraging, capacity enhancement, and strengthening its manufacturing base—this IPO positions Orient Cables as a compelling entrant aiming to capitalise on the expanding connectivity infrastructure demand across India.