Orient Cables (India) Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through initial public offerings comparing of the total offer size of  equity shares (face value ₹1 each) aggregating up to ₹7000 million (₹700 Crore). (“Total Issue Size”)

The offer comprises of fresh issue of equity shares aggregating up to ₹3200 million (₹320 crore) (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹3800 million (₹380 Crore) (The “Offer for Sale”).

The Company proposes to utilize the net proceeds towards funding – (i) Funding of capital expenditure requirements of the Company towards purchase of machinery, equipment and civil works at its manufacturing facilities estimated amount to be ₹ 915 million [₹ 91.50 crore]; (ii) Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company estimated amount to be ₹1555 million [₹ 155.50  crores] and balance amount towards general corporate purposes. (The “Object of Issue”).

According to the 1Lattice Report, Orient Cables is one of the fastest growing players in the wires and cables industry* with a revenue CAGR of approximately 23.18% from Fiscal 2023 to Fiscal 2025. while the average revenue CAGR of its peers was approximately 11.48% during Fiscal 2023 to Fiscal 2025.

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (The “Listing Details”)

IIFL Capital Services Limited and JM Financial Limited are the Book Running Lead Managers to the issue. (The “BRLMs”)

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Bengaluru, 10^th July 2024: Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, has launched the Boomeroo Pop-up Socket — a sleek and intelligent solution for today’s homes and workspaces. Engineered to combine innovation with aesthetics, this pop-up socket stays hidden under desks or platforms, helping maintain a clean and organized space by concealing wires and sockets when not in use.

The Boomeroo effortlessly rises with a gentle touch, offering instant access to a versatile range of sockets and features. Ideal for kitchens, office desks, conference rooms, home offices, hotels, retail counters, and showrooms, it caters to a wide spectrum of modern usage needs. It comes equipped with USB ports, international sockets, an audio panel, and more — all packed into one compact, user-friendly design. Notably, its wireless charging feature works even when the socket is in the retracted position, ensuring seamless charging at all times.

Key features include:

·         Smart App Control: Compatible with the Goldmedal iWorld App, Alexa, and Google Home for effortless smart control.

·         Recording Support: Allows audio recording and storage of files on a U-disk.

·         Fast Type-C Charging: Up to 20W for quick power-ups.

·         USB Type-A Charging: Provides 5V, DC 2.1A output.

·         Built-in Bluetooth Speaker: High-quality sound with easy device pairing.

·         USB Playback Mode: Supports media playback directly from USB flash drives.

·         FM Radio: Covers frequencies between 88 MHz and 109 MHz.

·         LED Lighting: Offers four dynamic LED light modes.

·         Inductive Touch Switch: Lets users change LED colors with a simple touch.

·         Anti-Pinch Safety Design: Automatically stops and reverses if obstructed while rising, ensuring user safety.

Speaking about the Boomeroo Pop-up Socket, Kishan Jain, Director of Goldmedal Electricals, said “At Goldmedal, we’re constantly pushing boundaries to make everyday life smarter, simpler, and safer. The Boomeroo Pop-up Socket is a reflection of that commitment — it’s more than just a utility product; it’s an innovation that blends convenience, technology, and aesthetics to elevate modern living. Whether it’s a home, office, or commercial space, Boomeroo transforms the way people connect with power and technology”

The Boomeroo Pop-up Socket is priced at Rs. 52,500/- and is available across major retail outlets. It comes with a one-year warranty.

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The “Chalo Dubai!” tour was thoughtfully planned to include the right mix of sightseeing, adventure, spiritual exploration, and networking opportunities. Activities during the tour included a visit to the vibrant Global Village, experiencing the thrills and sights of Ferrari World and Sea World, a visit to the renowned BAPS Shri Swaminarayan Mandir, plus sightseeing and shopping excursions around the city of Dubai. The group was also treated to an aqua-stage-based live show, La Perle by Dragone, which left everyone mesmerized by the amazing fusion of artistic performances, acrobatics, imagery, and technology.

The highlight of the tour was the launch of Goldmedal’s latest modular range, the 90°. The range complements Goldmedal’s existing range of modular switches and systems.

Speaking about the tour, Mr. Bishan Jain, Director, Goldmedal said, “Our channel partners are the backbone of our business and we are honoured to host them on this exciting trip to Dubai. Such events give us the opportunity to connect and engage with all those who work closely with the company. Goldmedal aims to create strong relationships with its channel partners for a mutually beneficial, long-term relationship.”

With the successful conduct of this tour, Goldmedal Electricals once again reaffirmed its commitment to celebrating and empowering its channel partners, making them an integral part of its growth story.

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Meticulously crafted, the bus design is a world first – opening from three sides – two on either side and one at the rear. Its design is curvaceous, aerodynamic and futuristic. Everything from the windshield and the body is super streamlined, incorporating composites like those used in the construction of the Airbus A380 and the Boeing 787.

Finished in a sophisticated Satin Matte Grey and crafted using over 700 individual moulds, the vehicle boasts proprietary glazing and lighting systems. When parked, its expandable sections on the sides open up to nearly double the interior space. This allows for the display of hundreds of Goldmedal products, especially curated from the brand’s extensive portfolio of modular switches, fans, wires, LED lights, electrical appliances, and home automation solutions.

The interior design also features a lounge area, a bar, and split-level spaces illuminated by over 10,000 LEDs with adjustable lumen intensity. The interior ambience is enhanced by a vanilla white colour scheme accented with striking red highlights and glass pinstripe-lit flooring that adds a touch of modern elegance.

The bus is the brainchild of Kishan Jain, Director, Goldmedal Electricals. Speaking about the bus, he said, “The goal was to showcase the Goldmedal brand in a way that has no parallel in the world. It was a dream we’ve worked on for years. It showcases our commitment to make world-class electrical solutions accessible to customers across the nation in a way that matches our brand philosophy.”

Speaking at the launch, Dilip Chhabria, the ace designer dedicated the project to the brand’s director, saying, “For me, the bus represents visual shock and awe. The entire design and manufacturing process was turned on its head to make this possible. It’s truly a labour of love and a shared vision with Kishan Jain. I’m delighted to make Goldmedal’s dream of an ultra-premium showroom on wheels a reality.”

Currently on display at the Bharat Mobility Expo 2025 until January 22, 2025, access to the bus is limited to event attendees and special invitees. Following the event, the bus will travel to key events and locations across India, allowing customers to experience Goldmedal’s premium offerings conveniently, without the need to visit a traditional showroom.

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As consumers and businesses prioritize sustainability and long-term cost-effectiveness, solar-powered LED lighting continues to gain popularity. This growth is further propelled by advancements in photovoltaic technology, cementing solar-LED solutions as a cornerstone of future illumination technology. The market for these innovative lighting solutions is expected to expand significantly in the coming years, reflecting a global shift towards renewable energy sources.

Key features of the Trippo LED solar rechargeable flood light with torch include:

1)      This product features IP54 protection, ensuring it is resistant to dust and water splashes for enhanced durability and reliability

2)      It is equipped with a monocrystalline solar panel for efficient and reliable charging

3)      It boasts a sleek and aesthetically designed ABS housing, complemented by a high-performance lithium battery

4)      This torch includes a red and blue flashing light function for emergency use

5)      It offers battery backup of up to 4 to 20 hours and a charging time of 10 to 12 hours

6)      This product features a 4-stage charging indicator for easy monitoring of the battery status

7)      Three modes lighting: full brightness (100%), Middle brightness (75%-50%), Low brightness (25%)

8)      It comes with an ON/OFF switch, allowing users to toggle between the torch mode and the flash light mode

9)      4 stage charging indicator

Mr. Kishan Jain, Director, Goldmedal Electricals, said “LED lighting has undergone remarkable evolution, incorporating advanced features for energy efficiency and durability. The integration of solar technology has further revolutionized the field, offering sustainable solutions. Our Trippo LED solar flood light exemplifies these advancements, harnessing solar energy for reliable illumination in various settings. It represents a significant step forward in our dedication to green technology.”

The Trippo LED Solar Rechargeable Flood Light with Torch is priced at Rs. 4025/-. Additionally, it comes with a one-year warranty.

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