Orient Cables IPO: Should you subscribe? Brokers flag growth potential, valuation risks - CNBC TV18

Ahead of its upcoming public offering, Orient Cables successfully secured one hundred sixty five point six crore rupees from a total of fourteen anchor investors. During this preliminary funding phase, the enterprise distributed over sixty lakh shares on the twenty fourth of September. Each share was priced at two hundred seventy two rupees, which represents the highest boundary of the established price range for the initial public offering. Analysts and market brokers have pointed out both the future expansion possibilities and potential pricing hazards associated with the stock.