India, Sept. 22 -- Orient Cables (India) has fixed the price band for its Rs 552-crore initial public offering (IPO), with the networking cable and passive networking equipment manufacturer planning to deploy a portion of the fresh capital towards machinery, equipment and civil works at its manufacturing facilities.

The company has set the IPO price band at Rs 258-272 per share. The issue will open for public subscription on September 25 and close on September 29, with the shares expected to be listed on the stock exchanges on October 5. The anchor investor portion is scheduled to open on September 24.

The IPO comprises a fresh issue of Rs 320 crore and an Offer for Sale (OFS) of Rs 232 crore by existing shareholders. Unlike the fresh i...