Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Oswal Cables Ltd. on January 19, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Oswal Cables Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹300.00 crores and an offer for sale (OFS) of upto 2.22 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Oswal Cables IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹300 Cr) |
| Offer for Sale | 2,22,00,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 18,90,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Mon, Jan 19, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offe |
Oswal Cables is a leading manufacturer of high-voltage conductors and cables, with products supporting up to 765 kV. Its solutions are widely used in power transmission and distribution, renewable energy, railways, and industrial applications.
Its product range includes standard and advanced conductors, aerial bunched cables, low-voltage energy cables, railway signalling cables, service drop and concentric cables. We manufacture cables up to 4 cores, in sizes from 1.5 sq. mm to 1,000 sq. mm, meeting multiple international standards such as ASTM, BIS, BS, DIN, and NFC. Many of these products are tested by reputed labs like CPRI, ERDA, and Kinectrics.
The company is supplying products to 28 countries across five continents and domestically, the products are supplied to 22 states and union territories. It is also an approved suppliers for railway cables by RDSO and for several government projects internationally.
Some of its key customers include Ducab EW India Private Limited, KEC International Limited, Amara Raja Power Systems Limited, Vikran Engineering Limited, MBH Power and Energy DMCCA, Vindhya Telelinks Limited, Texmaco Rail & Engineering Limited, PVR, etc.
The company has manufacturing units in Bagru (Jaipur) and Medak (Telangana) across an aggregated area of 25,278 square meters and have an aggregate installed capacity of 28,200 KMPA for cables and 23,000 MTPA for conductors.
Competitive strengths
Oswal Cables Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 11% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 342.50 | 304.73 | 213.74 |
| Total Income | 638.90 | 504.46 | 338.28 |
| Profit After Tax | 29.77 | 26.74 | 11.20 |
| EBITDA | 58.67 | 39.48 | 26.17 |
| NET Worth | 108.58 | 78.95 | 52.11 |
| Reserves and Surplus | 90.58 | 60.95 | 34.19 |
| Total Borrowing | 118.43 | 104.34 | 69.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for setting up a new project | 186.16 |
| 2 | Repayment/pre-payment, in part or full, of certain borrowings availed by our Company | 40.00 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 27.42% |
| ROCE | 30.10% |
| Debt/Equity | 1.09 |
| RoNW | 27.42% |
| PAT Margin | 4.66% |
| EBITDA Margin | 9.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 32.26% |
Lead Manager Reports
Oswal Cables IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Oswal Cables IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Oswal Cables IPO using UPI as a payment gateway. Zerodha customers can apply in Oswal Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oswal Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oswal Cables IPO dates are not announced. Please check back again after some time.
Oswal Cables IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Oswal Cables IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Oswal Cables IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Oswal Cables IPO allotment status.
The Oswal Cables IPO listing date is not yet announced. The tentative date of listing is .
