Orient Cables and Adroit Industries IPOs See Strong Subscription and Listing Premiums
The IPOs of Orient Cables and Adroit Industries have seen strong investor interest. Orient Cables' Rs 552 crore issue was subscribed nearly twice on Day 1 and over five times by Day 2, with a grey market premium (GMP) indicating a potential 33% listing gain. Adroit Industries' Rs 150.71 crore IPO was oversubscribed 176.85 times, with a GMP signaling a 28-43% premium. Both companies plan listings on NSE and BSE in early October. Orient Cables faces challenges including customer concentration and a brand dispute, while Adroit Industries aims to use proceeds for capital expenditure and debt repayment.
First-hand measurement across 7 sources
We measured how 7 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (59/100). Lens Score 38/100.
Outlets measured: businessstandard, moneycontrol, moneycontrol, economictimes, economictimes, economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–68/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 28 Sept, 01:18 am. Other outlets followed.