Orient Cables

India’s capital markets pipeline received a boost as the Securities and Exchange Board of India (SEBI) approved initial public offerings from Yashoda Hospitals, Fusion CX and Orient Cables. The clearances signal renewed momentum in the primary market after a period of cautious investor sentiment. The three companies span healthcare, customer experience services and electrical infrastructure, reflecting the breadth of sectors tapping public markets for growth capital.

Orient Cables, a key player in India’s electrical infrastructure segment, has filed draft papers for an initial public offering aimed at raising approximately Rs. 700 crore. The move underscores the company’s strategy to bolster manufacturing capacities, pare down debt, and position itself more competitively in the fast-evolving power distribution and telecom sectors. As infrastructure demand surges across the country, Orient’s IPO reflects both optimism about sectoral growth and a calculated approach to fortify its balance sheet.