Q1. What is the business of Oswal Cables Limited?

It is an integrated manufacturer of high-voltage and specialty cables & conductors for power transmission, renewable energy, railways and industrial use in India & abroad.

Q2. Why is the company raising funds via IPO?

Oswal Cables is raising funds via IPO to set up new production capacity, repay debt and support general corporate purposes for growth and operational strength.

Q3. What is the size of the issue and where will it list?

The issue size consists as a fresh issue of up to ₹300 crore and an OFS of up to 2.22 Cr equity shares. It will be listed on the BSE & NSE platform.

Q5. What are the potential upsides?

Upsides include strong legacy since 1971, diversified product range, export presence across 28 countries and growth from India’s energy-infrastructure expansion.

Q6. How to apply for the IPO?

You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Oswal Cables Limited

Upcoming

Oswal Cables Limited

Market Cap

—

IPO Issue Size

Fresh ₹300 crore + OFS 2.22 crore shares

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

Oswal Cables Limited is an integrated manufacturer of high-voltage cables and conductors, supplying a wide range of power transmission, distribution and specialty cable solutions used across sectors like renewable energy, railways, infrastructure and industrial applications. The company’s products operate across a voltage range up to 765 kV and are marketed both domestically and in international markets. The company has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO) consisting of a fresh issue of up to ₹300 crore and an offer for sale of up to 2.22 Cr equity shares, each with a face value of ₹5.

Oswal Cables Limited was incorporated in the year 1971.Mr. Gaurav Talera serves as the Managing Director of the company.

It offers a wide range of high-voltage and low-voltage cables, conductors, aerial bunched cables, railway signalling cables and specialised power transmission & distribution solutions for power, infrastructure, renewables and industrial applications.

It serves 400+ customers domestically and internationally and exports its products to 28 countries across five continents.

Subscription date to apply for Oswal Cables Limited is yet to be announced. Price band for the IPO is yet to be declared.

Fresh ₹300 crore + OFS 2.22 crore shares

Fresh Issue

~₹300 Cr

Offer for Sale

~2.22 Cr equity shares

Year	2025
Networth	₹ 108.6 Cr
Revenue	₹ 635.5 Cr
EBITDA	₹ 58.7 Cr
PAT	₹ 29.8 Cr
EBITDA Margin	~9.23%
PAT Margin	~4.66%
Face Value	Rs.05 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 40 Cr
Setting up new project	~ ₹ 186.15 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	337.37	492.95	635.46
PAT (₹ Cr)	11.19	26.74	29.77
Asset (₹ Cr)	213.73	304.72	342.49
Net Worth (₹ Cr)	52.1	78.95	108.58

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

Established player with over five decades of experience in the cables & conductors industry.
Diverse product portfolio catering to power, infrastructure, railways and renewable energy sectors.
Presence in domestic as well as international markets with exports to multiple countries.
Growing demand for cables driven by India’s power, EV, rail and renewable energy expansion.
IPO proceeds expected to strengthen balance sheet and support future growth initiatives.

Cons

Price band and valuation details are yet to be disclosed, creating uncertainty for investors.
Highly competitive industry dominated by large players like Polycab, KEI and Havells.
Profit margins are sensitive to fluctuations in copper and aluminium raw material prices.
Limited publicly available data on exact market share compared to listed peers.
Infrastructure and power sector dependence makes business cyclical in nature.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Puneet Talera	~33.87%
Gaurav Talera	~33.87%
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Pantomath Capital Advisors Private Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of Oswal Cables Limited?
It is an integrated manufacturer of high-voltage and specialty cables & conductors for power transmission, renewable energy, railways and industrial use in India & abroad.
Q2. Why is the company raising funds via IPO?
Oswal Cables is raising funds via IPO to set up new production capacity, repay debt and support general corporate purposes for growth and operational strength.
Q3. What is the size of the issue and where will it list?
The issue size consists as a fresh issue of up to ₹300 crore and an OFS of up to 2.22 Cr equity shares. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Key risks for investors to consider while investimg in the IPO include its dependence on large customers, cyclical infrastructure demand, raw material price volatility and competition from larger cable makers.

Q5. What are the potential upsides?
Upsides include strong legacy since 1971, diversified product range, export presence across 28 countries and growth from India’s energy-infrastructure expansion.
Q6. How to apply for the IPO?
You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.
Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.