Prime Cable Industries IPO Details
The key details of Prime Cable Industries’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹40.01 Cr |
| Price Range | ₹78 - ₹83 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,65,600 |
| Pre IPO Promotor Holding | 92.93% |
| Post IPO Promotor Holding | 68.24% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Prime Cable Industries IPO Timelines
The IPO process for Prime Cable Industries includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
22/09/2025
Start Date24/09/2025
End Date26/09/2025
Refund Initiation26/09/2025
Credit of Shares to Demat Ac29/09/2025
Listing DatePrime Cable Industries IPO Lot Size
The Prime Cable Industries IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹83 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,65,600. For Small HNI (S-HNI) investors, the minimum application is 4,800 shares (3 lots) worth ₹3,98,400, while the maximum is 11,200 shares (7 lots) amounting to ₹9,29,600. Big HNI (B-HNI) investors need to apply for at least 12,800 shares (8 lots), totaling ₹10,62,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,65,600 |
| Retail Maximum | 2 | 3200 | ₹2,65,600 |
| S-HNI Minimum | 3 | 4800 | ₹3,98,400 |
| S-HNI Maximum | 7 | 11200 | ₹9,29,600 |
| B-HNI Minimum | 8 | 12800 | ₹10,62,400 |
Prime Cable Industries IPO Subscription Status
The subscription status for Prime Cable Industries IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 9.91x | 9.38x | 6.89x | -- | 8.28x |
IPO Performance on Listing Day
On the listing day (September 29, 2025), Prime Cable Industries made a subdued debut on the stock exchange. The stock opened at ₹81, slightly below its issue price of ₹83 with a discount of 2.4%. The cable manufacturing company faced selling pressure throughout the trading session, with the opening price marking the day’s high. The stock continued to decline, touching a low of ₹76.95, which also became the closing price. The shares concluded their maiden trading day at ₹76.95, registering a decline of 7.3% from the issue price, indicating negative investor sentiment toward the cables and wires sector and concerns about the company’s market positioning in the electrical cables industry.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹81.00 | ₹78.30 | ₹81.00 | ₹76.95 |
Prime Cable Industries IPO Company Financials
Prime Cable Industries reports robust performance in FY2025 with Total Income of ₹141.10 crores, managing expenses at ₹130.71 crores, and achieving a strong PAT (Profit After Tax) of ₹7.50 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹73.73 | ₹73.13 | ₹0.12 |
| FY 2024 | ₹82.74 | ₹81.12 | ₹1.79 |
| FY 2025 | ₹141.10 | ₹130.71 | ₹7.50 |
About Company
Prime Cable Industries Limited is an Indian cable manufacturing company established in 1997 as a proprietorship firm. Over the years, it has grown into a reputable name in the wire and cable industry, operating under the brand names PRIMECAB and RENUFO. The company manufactures a wide range of products, including low tension PVC and XLPE power cables, control cables, aerial bunched cables, and communication cables. All of its products are ISI-marked, ensuring compliance with Indian quality standards and regulatory certifications.
The company caters to a variety of sectors such as power generation, transmission and distribution, oil and gas, mining, steel, and real estate. With a strong focus on quality and reliability, Prime Cable Industries Limited has established itself as a trusted supplier in both government and private sectors. As of April 30, 2025, the company employed 144 people across various departments, supporting its operations and continued growth in the Indian cable manufacturing market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1997 | Cables & Wires | Naman Singla |
Know Before Investing
Prime Cable Industries IPO Strengths
- Prime Cable Industries has over 17 years of experience in manufacturing a wide range of low-voltage cables including control, power, aerial bunch, instrumentation cables, and building wires.
- Offers various cables that cater to sectors like power transmission, distribution, generation, oil & gas, mining, steel, real estate, and electrical panel building, supporting a broad customer base.
- Derives over 92% of revenue from government-appointed tenders and reputed clients including electricity boards, EPC contractors, and PSUs, ensuring steady order flows.
- Facilities located in Narela (Delhi) and Ghiloth (Rajasthan) support optimized production and logistics, along with warehouses in Delhi and Bangalore for timely delivery.
- Positioned to benefit from the growing Indian cables market projected to reach ₹2.11 trillion by 2030, driven by infrastructure, renewable energy, and smart grid initiatives.
Prime Cable Industries IPO Risks
- Over 92% of the company’s revenue comes from government-appointed tenders, exposing it to risks related to government budget cuts, delays in payments, or cancellation of contracts.
- The company relies on a limited number of raw material suppliers without long-term agreements, which may impact raw material availability and price stability.
- Fluctuations in prices of raw materials like copper and aluminum can adversely impact margins and profitability.
- Both manufacturing units are located in North India, which makes the company vulnerable to regional issues such as labor unrest, natural calamities, or logistical disruptions.
- Operations depend on leased facilities, and risks exist related to lease non-renewal, termination, or unfavorable lease terms, which could disrupt production.
- The cable manufacturing business requires significant working capital to maintain inventory and manage receivables, potentially leading to liquidity issues.
Swot Analysis for Prime Cable Industries IPO
Strengths
Established Market Presence, Technological Capability, Strong Regional Footprint
Weaknesses
Scale Compared to Large Peers, Geographical Concentration, Dependence on Industrial Sectors
Opportunities
Growing Energy Infrastructure, Expansion Beyond Northern India, Sustainable and Lead-Free Products
Threats
Raw Material Price Volatility, Regulatory and Quality Compliance, Economic and Infrastructure Slowdown
Company Details
Prime Cable Industries Ltd.
E-894, DSIDC Industrial Area Narela, Delhi-110040, India
Phone: 011-45611750
Email: compliance@primecabindia.com
Website: https://www.primecabindia.com/
IPO Registar Details
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Prime Cable Industries SME IPO are:
- Capital Expenditure toward of the civil construction and purchase of the plant and machinery
- Repayment of the Term loan of the certain debt Facilities
- Working Capital Requirement
- General Corporate Purposes
Indorient Financial Services Ltd. is the book-running lead managers for the Prime Cable Industries IPO.
Prime Cable Industries IPO shows promising growth potential with revenue increasing to ₹140.98 crore and profit rising to ₹7.50 crore in FY25. Expansion through a new manufacturing facility and rising infrastructure demand support future growth, though execution risks and industry competition need careful management.
The issue price for the Prime Cable Industries IPO is set between ₹78 to ₹83 per share.
To invest in two lot of Prime Cable Industries IPO, you need ₹2,49,600 at the lower price band (₹78 per share) or ₹2,65,600 at the upper price band (₹83 per share) for a lot size of 3200 shares.
Prime Cable Industries IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on September 29, 2025.
Refund/unblocking of funds for Prime Cable Industries IPO will begin on September 26, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Prime Cable Industries IPO shares on listing day (September 29, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.