<ul data-eligibleForWebStory="false"><li>Orient Cables has filed draft papers for a ₹700-crore IPO, which includes a fresh issue and an Offer for Sale (OFS) by promoters.</li><li>The fresh issue comprises equity shares worth ₹320 crore, with the OFS consisting of equity shares totaling ₹380 crore, making the total offer size ₹700 crore as stated in the draft red herring prospectus.</li><li>Proceeds from the fresh issue, specifically ₹91.50 crore, will be utilized for capital expenditure, while ₹155.50 crore will go towards repayment of outstanding borrowings and general corporate purposes.</li><li>Orient Cables, a manufacturing company focusing on networking cables and passive networking equipment for various industries, might conduct a pre-IPO placement of up to ₹64 crore, managed by IIFL Capital Services and JM Financial.</li></ul>

Orient Cables files draft papers for ₹700-cr IPO

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