Prime Cable Industries IPO is a SME book-building issue scheduled from September 22 to September 24, 2025, with a price band set between ₹78 and ₹83 per share. The company is engaged in manufacturing medium voltage power cables, covered conductors, and aerial bunch cables, with plans to establish a new manufacturing facility in Rajasthan to boost capacity. The Prime Cable Industries IPO aims to raise ₹40.01 crore, including a fresh issue and an offer for sale, with the proceeds partly earmarked for repaying borrowings and meeting working capital needs.
₹00
₹83
₹81.00
Expert Opinions
Market sentiment around Prime Cable Industries IPO is generally positive, driven by robust growth prospects in India’s expanding cables and wires sector. The company’s strengths include a focused product line comprising medium voltage power cables, covered conductors, and aerial bunch cables, alongside plans to establish a modern manufacturing unit in Rajasthan to boost capacity. Key risks involve high industry competition, raw material price volatility, and working capital management.
Valuation analysis of financial year 2025 for Prime Cable Industries IPO reveals a strong Return on Equity (ROE) of 69.16%, Return on Capital Employed (ROCE) of 25.96%, and a Net Asset Value (NAV) of ₹10.63, highlighting excellent profitability and asset efficiency. The IPO is attractive for long-term investors seeking to capitalize on infrastructure development and power sector growth.
Investor Considerations
Prime Cable Industries IPO has exhibited strong financial performance, with revenue rising from ₹82.74 crore in FY 2024 to ₹141.10 crore in FY 2025 and a corresponding profit after tax increase to ₹7.50 crore. The company specializes in manufacturing medium voltage power cables and related products, aimed at meeting growing infrastructure demands. The sector outlook is robust, underpinned by expanding power distribution networks and industrial growth.
The Prime Cable Industries IPO valuation for financial year 2025 shows a Price to Book Value of 7.81, PAT margin of 5.32%, and a Debt to Equity ratio of 2.63, indicating moderate profitability with higher leverage. Growth prospects include capacity expansion and new product offerings. Risk factors include high debt levels, raw material cost fluctuations, and competitive pressures. This IPO suits long-term investors focused on infrastructure-related growth, whereas short-term investors should consider market volatility.
| Date | GMP | Trend |
|---|---|---|
| 27 Sep 2025 17.09 | ₹00 | --- |
| 26 Sep 2025 12.40 | ₹00 | --- |
| 25 Sep 2025 16.30 | ₹00 | --- |
| 24 Sep 2025 12.33 | ₹00 | Down |
| 23 Sep 2025 10.45 | ₹5 | Up |
| 22 Sep 2025 12.02 | ₹00 | --- |
| 21 Sep 2025 19.16 | ₹00 | --- |
| 20 Sep 2025 13.26 | ₹00 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Prime Cable Industries IPO’s listing performance. With a final GMP of ₹0, it projected no listing gain over the issue price of ₹83. The stock listed at ₹81, delivering a loss of 2.41%. This resulted in a small prediction error of 2.41%, where the GMP correctly signaled a weak/negative listing but slightly underestimated the downside, reflecting fair reliability in this case.
Prime Cable Industries IPO Current GMP is ₹00.
Prime Cable Industries IPO Expected Returns is 0.00%.
Prime Cable Industries IPO estimated listing price is ₹83.