Prime Cable Industries was incorporated on May 12, 2008. The company manufactures low-voltage cables, wires, and conductors for sectors like power, oil & gas, mining, steel, and real estate. Orders are secured through vendor approvals, direct clients, and government tenders
| Bidding Dates |
|---|
| 22 Sep 2025 - 24 Sep 2025 |
| Subscription |
|---|
| 5.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,49,600 | 2 | 2 | 1600 | 4.8 M | ₹78 - ₹83 | 68.24 % | ₹376.0 M - ₹400.1 M | RHP DOC |
Prime Cable Industries IPO SUBSCRIPTION STATUS
24 Sep '25Prime Cable Industries IPO overall subscription rate was 5.56 times the total available shares
Prime Cable Industries IPO retail subscription rate was 6.54 times in the retail segment
Prime Cable Industries IPO non-institutional investor subscription rate was 9.25 times in the non-institutional investor category
Prime Cable Industries IPO Qualified Institutional Bidder subscription rate was 3.76 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Sep 2025 (Day 3) | 6.54x | 9.25x | 3.76x |
23 Sep 2025 (Day 2) | 0.72x | 1.41x | 0.42x |
22 Sep 2025 (Day 1) | 0.23x | 0.49x | 0.1x |
Prime Cable Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 141.0 | 7.5 | 3.4 | -1.7 | 10.4% |
| FY24 | 82.5 | 1.8 | 1.1 | -6.9 | 5.6% |
| FY23 | 73.6 | 0.1 | -1.0 | -4.2 | 3.8% |
Prime Cable Industries IPO SUBSCRIPTION STATUS DETAILS
Prime Cable Industries had 4.8 M shares on offer
Prime Cable Industries IPO offer price was in the range ₹78 - ₹83
Prime Cable Industries IPO minimum Investment was ₹249600
Prime Cable Industries IPO issue size was ₹ 376.0 M - ₹ 400.1 M
Prime Cable Industries had a minimum lot size of 1600 Shares per application
Prime Cable Industries NUMBER OF SHARES ON OFFER
Prime Cable Industries IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2025 |
| Issue close Date | 24 Sep 2025 |
| Allotment Date | 25 Sep 2025 |
| Refund Date | 26 Sep 2025 |
| Demat Account Credit Date | 26 Sep 2025 |
| Listing Date | 29 Sep 2025 |
| Listing on Exchange(s) | NSE |
| Prime Cable Industries Allotment Status | Exchange/ Registrar |
Prime Cable Industries IPO subscription opened on 22 Sep 2025, and closed on 24 Sep 2025
IPO allotment for Prime Cable Industries was finalized on Thursday, 25 Sep 2025
IPO listing for Prime Cable Industries was on NSE on Monday, 29 Sep 2025
Prime Cable Industries IPO LISTING GAINS
| Issue Price (adjusted) | 83.0 |
| Listing Open Price | 81.0 |
| Listing Close Price | 78.3 |
| Listing Gain% | -2.4% |
| Current Gain% | 120.1% |
Prime Cable Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prime Cable Industries Ltd. | 182.6 | 334.6 | 27.3 | 0.4 | 1.4 | 20.1 | 7.4 | 235.8 | 67.1 | 12.2 | 63.1 | 6.7 | 63.1 |
| Polycab India Ltd. | 9218 | 138893.7 | 48.5 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5600 | 53536.3 | 53.7 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2759.5 | 31211.5 | 51.4 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1024.6 | 15670.9 | 22 | 11.9 | 2.5 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1411.2 | 4896.2 | 24.4 | 0.3 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Prime Cable Industries INFORMATION ON IPO ISSUE
About Prime Cable Industries
Prime Cable Industries was incorporated on May 12, 2008. The company manufactures low-voltage cables, wires, and conductors for sectors like power, oil & gas, mining, steel, and real estate. Orders are secured through vendor approvals, direct clients, and government tenders
Object of the Issue
- Setting up a new factory to manufacture medium voltage (up to 33 KV) cables & covered conductors
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Prime Cable Industries - PROMOTERS
| Name |
|---|
| Purshotam Singla |
| Naman Singla |
| Nikunj Singla |
| Vijay Lakshmi Singla |
| Shreya Jhalani Singla |
Prime Cable Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Purshotam Singla | Chairman & Managing Director |
| Nikunj Singla | Whole- Time Director |
| Naman Singla | Whole-Time Director |
| Shreya Jhalani Singla | Non-Executive Director |
| Brahm Datt Verma | Non -Executive Independent Director |
| Vinay Kumar Khanna | Non -Executive Independent Director |
Prime Cable Industries Book Running Lead Manager
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Prime Cable Industries Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Prime Cable Industries Strengths
Vendor approvals
The company is approved by State Utilities, PSUs, and DISCOMs across India to bid directly or through EPC contractors for cable and wire supply projects. With strong vendor approvals, multi-year experience, and 93.52% of FY25 revenue from government-backed tenders, it is well-positioned to secure future contracts
Quality standards
The company’s competitive edge stems from product innovation, quality, and consistent availability. Its in-house manufacturing units are designed to meet these specific needs, supported by robust systems across the production process to ensure reliability. Dedicated resources for quality assurance help maintain consistent standards, enabling the company to deliver high-quality products
Unique positioning
The Indian cables market is highly competitive, with over 100 manufacturers. While major players like Polycab, Finolex, RR Kabel, KEI, and Havells control over 60% of demand, several regional players also serve local markets. Investment in NABL-accredited labs is a key success factor, enabling compliance with global standards and government tenders in railways, power, and infrastructure
Prime Cable Industries Risks
Labour intensive
The company operates in a labour-intensive industry and depends heavily on skilled and contract labour for manufacturing operations. Any strikes, disputes, or challenges in attracting and retaining skilled personnel could disrupt operations, increase costs, and adversely affect business growth, financial performance, and cash flows
Licenses & approvals
The company must obtain, renew, and maintain statutory and regulatory permits to operate its business. Any delay, failure, or non-compliance in securing these approvals could result in suspension of operations and have a material adverse impact on business, financial condition, results of operations, and cash flows
Inventory management
The company’s operations depend on effective inventory management and accurate demand forecasting. Any mismatch, disruption in raw material supply, or delivery issues due to natural disasters, transport bottlenecks, or labour strikes could lead to excess stock, shortages, or delays, adversely impacting business, profitability, and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5.0 crore, of 601,600 shares. It also consists of a fresh issue of Rs 35.0 crore.
The promoters of the company are Purshotam Singla, Naman Singla, Nikunj Singla, Vijay Lakshmi Singla and Shreya Jhalani Singla.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 83.0.
The IPO application opens on Sep 22, 2025 and closes on Sep 24, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 249,600.0, the maximum value for this IPO is Rs 265,600.0.
This IPO will be allotted on Sep 25, 2025.
The refund will be credited to your account on Sep 26, 2025.
The allotted shares will be credited to your demat on Sep 26, 2025.
Prime Cable Industries Ltd.’s shares listed on the stock exchanges on Sep 29, 2025.