Can Orient Cables IPO deliver long-term growth for high-risk investors?
Orient Cables is aiming to raise ₹320 crore through a fresh equity issue and ₹232 crore via an offer for sale. The company has seen growth in revenue and profit but faces challenges with operating margins and customer concentration. Its promoter stake will decrease to 82.2% post-IPO from 100%. The company is also involved in a...
Key Takeaways
- Orient Cables is aiming to raise ₹320 crore through a fresh equity issue and ₹232 crore via an offer for sale.
- The company has seen growth in revenue and profit but faces challenges with operating margins and customer concentration.
- Its promoter stake will decrease to 82.2% post-IPO from 100%.
Orient Cables is aiming to raise ₹320 crore through a fresh equity issue and ₹232 crore via an offer for sale. The company has seen growth in revenue and profit but faces challenges with operating margins and customer concentration. Its promoter stake will decrease to 82.2% post-IPO from 100%. The company is also involved in a dispute concerning the usage of the 'ORIENT' brand name.
Original Publisher Attribution
This summary was curated from Economic Times.