Orient Cables, AceVector, German Green Steel Set IPO Price Bands

Three companies from different sectors have announced the price bands for their initial public offerings (IPOs), signaling fresh investment opportunities in the Indian equity market. These companies include Orient Cables (India), AceVector, and German Green Steel and Power, each preparing to enter the stock exchange with sizeable capital raises.

Orient Cables IPO Pricing and Details

Based in Noida, Orient Cables (India) specializes in manufacturing networking cables and passive networking solutions. The company has set its IPO price band between ₹258 and ₹272 per share, aiming to raise ₹552 crore through a combination of a fresh share issue and an offer for sale (OFS). The fresh issue amounts to ₹320 crore, while the OFS is worth ₹232 crore. Investors can place bids starting on Friday, September 25, with the window closing on Tuesday, September 29. The bidding must be made in lots of 55 equity shares or more.

Financially, Orient Cables reported a net income of ₹53.56 crore for the fiscal year 2025-26, reflecting a slight increase of 0.45 percent compared to the previous year. More notably, the company’s revenue from operations surged by 42 percent, reaching nearly ₹1,181.67 crore during the same period. The IPO is being managed by IIFL Capital Services and JM Financial, with MUFG Intime India acting as the registrar.

AceVector’s Entry into Public Markets

New Delhi-based AceVector, a player in value e-commerce and digital commerce platforms, has announced its IPO price range at ₹30 to ₹32 per share. The company is targeting a total raise of ₹420 crore, consisting of a fresh issue of ₹287 crore and an OFS aggregating ₹133 crore through the sale of up to 41.56 million equity shares.

The bidding for AceVector’s shares opens on September 25 and ends on September 29. Investors are required to bid in multiples of 468 shares or more. The company’s latest financial figures show a reduction in net losses to ₹45.51 crore in fiscal 2025-26, down from ₹126.31 crore the previous year. Additionally, revenue climbed 32.1 percent, reaching ₹537.67 crore. The IPO’s lead managers include Systematix Corporate Services, IIFL Capital Services, and CLSA India. MUFG Intime India serves as the registrar for the issue.

German Green Steel and Power Announces IPO Price Band

Ahmedabad-based German Green Steel and Power, a secondary steel producer, has priced its IPO between ₹132 and ₹139 per share. The company plans to raise ₹303.90 crore, mostly through a fresh share issue of up to ₹290 crore and a promoter offer for sale of 1 million equity shares.

The bidding period will run from September 25 to September 29, with a minimum bid size of 107 equity shares. In the fiscal year 2025-26, the company’s net income soared to ₹79.88 crore, almost doubling from ₹41.66 crore recorded in 2023-24. Revenue from operations also saw a substantial increase of 48.6 percent, reaching ₹1,678.98 crore. This IPO is being managed by Systematix Corporate Services, Emkay Global Financial Services, and Pantomath Capital Advisors. Bigshare Services acts as the registrar.

Context on the Indian IPO Market

These IPO announcements come at a time when India’s capital markets continue to attract considerable investor interest, especially in sectors like manufacturing, technology, and green energy. The diverse nature of these companies—from networking solutions and digital commerce to steel manufacturing—reflects the broadening investment landscape. Fresh capital raised through IPOs often helps companies expand operations, invest in technology, and strengthen their market presence.

Investors looking to participate in these offerings should consider the companies’ recent financial performance, market positioning, and growth prospects. Orient Cables’ strong revenue growth, AceVector’s narrowing losses coupled with revenue gains, and German Green Steel’s impressive income and revenue expansion highlight distinct narratives for each business.

Additional Market Moves

In related news, Mastercard Asia/Pacific recently divested its entire 4.3 percent stake in Pine Labs through a block deal valued at approximately ₹934 crore. The shares were sold at an average price of ₹187.75, with buyers including ICICI Prudential Life Insurance, Societe Generale, and Citigroup Global Markets Singapore.

Separately, wealth and asset management firm 360 ONE announced the appointment of Aashish Agarwal as its new CEO, effective February 15, 2027. Agarwal brings extensive investment banking experience from his previous role as Managing Director and Country Head at Jefferies. Current MD and CEO Karan Bhagat will transition to Vice Chairman while maintaining his role as Managing Director of the Group. The company’s cofounder, Yatin Shah, will continue to lead its wealth management efforts.

These developments underline ongoing activity and leadership changes in India’s financial and industrial sectors, reinforcing the dynamic environment for investors and businesses alike.