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Prime Cable Industries IPO
Prime Cable Industries Ltd is launching its SME IPO from September 22 to September 24, 2025, to raise about ₹40 crore through a mix of fresh issue and offer for sale. The IPO consists of 48,20,800 equity shares, comprising a fresh issue of 42,19,200 shares and an offer for sale of 6,01,600 shares. The IPO price band is fixed between ₹78 and ₹83 per equity share, with a retail market lot of 1,600 shares. The shares will be listed on the NSE SME platform tentatively on September 29, 2025. The IPO is managed by Kotak Mahindra Capital Company and Motilal Oswal Investment Advisors as lead managers.
Company Background
Established in 1997, Prime Cable Industries is a manufacturer of high-quality cables, including low tension (LT) power cables, control cables and communication cables. The company caters to diverse sectors such as power generation, transmission and distribution, oil and gas, telecommunications and infrastructure. Headquartered in New Delhi, the company runs advanced manufacturing facilities, updating technology and adhering to ISO quality and environmental standards. Prime Cable Industries is known for delivering reliable and certified cables to both government and private customers.
Operations And Product Range
Facility And Production
The company operates modern manufacturing plants equipped with machinery for wire drawing, extrusion, cabling and sheathing to produce cables, including LT power cables, XLPE cables and control cables. Quality and safety compliance with ISI and international standards guide their production process. The firm emphasises RAndD to develop customised cable solutions and environmentally sustainable manufacturing processes.
Brands And Market Presence
Prime Cable markets its cables under the brands “PRIMECAB” and “RENUFO,” establishing a strong presence in the Indian industrial and electrical cable markets. It supplies to utilities, infrastructure developers and telecom operators across Northern and Western India through an extensive network of distributors and dealers. The brands stand for quality, durability and customer focus in a competitive market space.
Revenue Channels
- ⦁ Manufacturing and sale of LT and XLPE power cables to utility and industrial customers.
- ⦁ Production of control and instrumentation cables for varied industrial processes.
- ⦁ Sale of communication and speciality cables for telecom and specific infrastructure projects.
- ⦁ After-sales services, including technical support and customised solutions.
Management And Shareholding
Promoters And Shareholding
Promotion of the company is by the founding family and core management team, maintaining a significant stake post-IPO. The IPO includes fresh equity issuance along with an OFS by existing shareholders. Promoters will continue to guide the company’s strategic decisions post-listing.
Board Members
The board includes experienced professionals in the cable manufacturing and finance sectors who oversee governance and compliance aligned to public market norms. Kotak Mahindra Capital and Motilal Oswal Investment Advisors oversee the IPO, with compliance and market connection support from established registrar services.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Prime Cable Industries IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Prime Cable Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | ₹78 to ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 48,20,800 shares (aggregating up to ₹40.01 Cr) |
| Reserved for Market Maker | 2,41,600 shares (aggregating up to ₹2.01 Cr) Alacrity Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 39,77,600 shares (aggregating up to ₹33.01 Cr) |
| Offer for Sale | 6,01,600 shares of ₹5 (aggregating up to ₹4.99 Cr) |
| Net Offered to Public | 45,79,200 shares (aggregating up to ₹38.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,01,660 shares |
| Share Holding Post Issue | 1,83,20,860 shares |
Prime Cable Industries IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 22, 2025 |
| IPO Close Date | Wed, Sep 24, 2025 |
| Tentative Allotment | Thu, Sep 25, 2025 |
| Initiation of Refunds | Fri, Sep 26, 2025 |
| Credit of Shares to Demat | Fri, Sep 26, 2025 |
| Tentative Listing Date | Mon, Sep 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 24, 2025 |
Prime Cable Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,65,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,65,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,98,400 |
| S-HNI (Max) | 7 | 11,200 | ₹9,29,600 |
| B-HNI (Min) | 8 | 12,800 | ₹10,62,400 |
Prime Cable Industries IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 92.93% |
| Promoter Holding Post Issue | 68.24% |
Competitive Strength:
- ⦁ Over two decades of experience in manufacturing high-quality power and control cables.
- ⦁ Certified facilities and processes conforming to ISI and ISO standards
- ⦁ Strong client base spanning government power utilities, telecom sectors and infrastructure projects.
- ⦁ Recognised brand name across multiple Indian states, supported by a wide dealer and distributor network.
- ⦁ Robust financial performance with consistent revenue growth and margin improvements.
Prime Cable Industries IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 92.08 | 141.1 | 7.5 | 14.6 | 38.43 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 48 | 83 | 2 | 7 | 33 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 39.09 | 73.73 | 0.12 | 5.31 | 22.74 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 25.96% |
| Debt/Equity | 2.63 |
| RoNW | 69.16% |
| PAT Margin | 5.32% |
| EBITDA Margin | 10.43% |
| Price to Book Value | 7.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.32 | 4 |
| P/E (x) | 15.6 | 20 |
IPO Objectives
- ⦁ Increase working capital to cope with growing production and sales cycles.
- ⦁ Invest in plant and machinery to enhance capacity and technological sophistication.
- ⦁ Partial debt repayment to improve leverage and reduce financing costs.
- ⦁ General corporate purposes, including marketing and business development expenditures.
Conclusion
Prime Cable Industries Ltd’s IPO offers investors the opportunity to participate in a steadily growing cable manufacturing business with strong operational standing and financial metrics. Increasing infrastructure spending and renewables integration in India provide a supportive demand environment. The IPO raise will support the company’s expansion plans to cater to rising market demand with high-quality cable products.
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Frequently asked Questions (FAQs )
-
When will the Prime Cable Industries IPO open and close?
The IPO will be open for subscription from September 22 to September 24, 2025, giving investors a three-day window to participate.
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What is the total size and composition of the IPO?
The IPO size is approximately ₹40 crore, comprising a fresh equity issue of ₹35 crore and an offer for sale of about ₹5 crore from existing shareholders.
-
Where will the shares be listed?
The shares are expected to be listed on the NSE SME platform, with listing anticipated around September 29, 2025.
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Who are the promoters of the company?
The company is promoted by the founding family along with key executives who have maintained significant ownership.
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What are the main products offered by Prime Cable Industries?
Prime Cable manufactures a diverse range of cables, including LT power cables, XLPE cables, control and communication cables.
-
What are the key strengths of the company?
The company benefits from over two decades of manufacturing experience, ISO certifications, a widespread client base across sectors and robust financial growth.
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How will the IPO proceeds be utilised?
Funds will be used primarily for expanding manufacturing capacity, working capital needs and reducing debt to improve financial health.
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