Prime Cable Industries is launching its IPO worth ₹40.01 crore. The issue includes a fresh issue of ₹35.02 crore through 42 lakh shares and an offer for sale of ₹4.99 crore through 6 lakh shares. The IPO will open for public subscription on September 22, 2025, and will close on September 24, 2025. The allotment of shares is expected on September 25, and the listing is scheduled on NSE SME for September 29, 2025.
The price band for the IPO has been set between ₹78 to ₹83 per share. The lot size is 1,600 shares, which means investors must apply for at least that many shares in one lot. For retail investors, the minimum application requires 2 lots (3,200 shares), amounting to ₹2,65,600 at the upper price band. For HNI (High Net-worth Individual) investors, the minimum investment is 3 lots (4,800 shares), which totals ₹3,98,400.
Prime Cable Industries Ltd. IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- ₹2,493.46 Lakhs will be used to establish a new facility at Plot No. B-68, Alwar, Rajasthan, to manufacture medium voltage power cables, covered conductors, and aerial bunch cables.
- ₹448.31 Lakhs from the net proceeds will be used to repay a portion of the company's outstanding borrowings.
- ₹789.00 Lakhs will be utilized to meet the company's incremental working capital requirements.
About Prime Cable Industries Ltd.
Prime Cable Industries Ltd has been manufacturing and selling low-voltage cables for 17 years. Their product range includes control cables, power cables, aerial bunch cables, instrumentation cables, and building wires. The company serves diverse sectors such as EPC contractors, electricity boards, public sector units, oil & gas, mining, steel, real estate, and electric panel builders. Operating under the brands “PRIMECAB” and “RENUFO,” the company is ISO and BIS certified, ensuring quality and reliability.
Financially, Prime Cable has shown steady growth with revenues of ₹9,293.36 Lakhs for the nine months ended December 31, 2024, up from ₹8,249.98 Lakhs in Fiscal 2024 and ₹7,325.76 Lakhs in Fiscal 2023. This increase reflects strong demand and effective order procurement through vendor approvals and tenders.
As of December 31, 2024, the company’s revenue mix highlights its strong presence in the power sector: 38.96% from power transmission (₹3,621.12 Lakhs), 26.71% from power distribution (₹2,482.25 Lakhs), and 23.60% from power generation (₹2,193.37 Lakhs). This diverse portfolio strengthens Prime Cable’s position in the infrastructure market.
Industry Outlook
- The Indian cables market is projected to grow from ₹91,344.1 crore in CY'24 to ₹211,921.1 crore by CY'30, with a forecasted CAGR of 15.1%.
- The market's growth is driven by government initiatives like the Revamped Distribution Sector Scheme (RDSS) and the National Smart Grid Mission, along with increased demand from infrastructure, renewable energy, and telecommunications sectors.
- While Low Voltage (LV) cables currently dominate the market, High Voltage (HV) cables are expected to see significant growth, with their market share projected to reach 9.6% by CY'30.
How to Apply for Prime Cable IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Prime Cable Industries Ltd. IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How to Check the Allotment Status of Prime Cable Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Prime Cable Industries IPO
Registered office: Flat No 249 Ground Floor, KD Block Pitampura, Rani Bagh, North West Delhi, New Delhi, 110034
Phone: 011-45611750
E-mail: compliance@primecabindia.com
Prime Cable Industries IPO Reservation
|
Investor Category |
Shares Offered |
Percentage (%) |
|
Market Maker Shares Offered |
2,41,600 |
5.01 |
|
QIB Shares Offered |
22,88,000 |
47.46 |
|
NII (HNI) Shares Offered |
6,88,000 |
14.27 |
|
Retail Shares Offered |
16,03,200 |
33.26 |
|
Total Shares Offered |
48,20,800 |
100.00 |
Prime Cable Industries IPO Lot Size Details
|
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
The company’s promoters include Purshotam Singla, Vijay Lakshmi Singla, Nikunj Singla, Naman Singla, and Shreya Jhalani Singla.
|
Description |
Percentage Holding |
|
Promoter Holding (Pre-Issue) |
92.92% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Prime Cable Industries Ltd
|
KPI |
Value |
|
ROCE |
25.96% |
|
Debt/Equity |
2.63 times |
|
RoNW |
69.16% |
|
PAT Margin |
5.32% |
|
EBITDA Margin |
10.43% |
Prime Cable Industries IPO Prospectus
Prime Cable IPO Registrar and Lead Managers
Prime Cable IPO Lead Managers
- Indorient Financial Services Ltd.
Registrar for Prime Cable Industries IPO
Skyline Financial Services Pvt.Ltd.
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
Prime Cable Industries Ltd IPO Registrar website: https://www.skylinerta.com/ipo.php
Financial Performance of Prime Cable Industries
| Metric | For the 9 Months Ended Dec 31, 2024 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Revenue from Operations (₹ Lakhs) | 9,293.36 | 8,249.98 | 7,325.76 |
| EBITDA (₹ Lakhs) | 828.20 | 458.67 | 275.02 |
| Profit After Tax (₹ Lakhs) | 375.73 | 179.10 | 12.22 |
| Return on Net Worth (%) | 41.85 | 28.87 | 2.33 |
| Debt-Equity Ratio (times) | 3.78 | 4.61 | 4.28 |
Know before investing
Strengths
8The company received high revenue from repeat customers (roughly 69.75% to 86.72%).
Over 92% of its revenue comes from government-appointed tenders.
Its competitive edge is strengthened by quality control and product-specific accreditations.
Manufacturing Unit-II is NABL-accredited, thereby enhancing product credibility and market access.
Both raw materials and final products undergo rigorous in-house and external quality checks to ensure compliance with industry standards.
Equipped with modern machinery and equipment, the company ensures cost-effective, reliable, and high-quality cable production.
Experienced leadership drives strategic growth in the dynamic cable and wire industry.
Current revenue is concentrated in 5–6 states; expansion into underserved regions offers major growth opportunities.
Risks
8The company has a high revenue dependency on government contracts (>80%).
It relies on a few raw material suppliers without having long-term agreements.
Commodity price fluctuations for raw materials can adversely impact the business.
Production vulnerability exists due to both manufacturing units being in North India.
Its operations are vulnerable to risks of lease termination or non-renewal.
Business revenue is highly concentrated in a few specific geographical regions.
Production disruption and higher costs are possible due to power dependency.
The labour-intensive nature of business makes it vulnerable to future labour disputes.
Prime Cable Industries Limited Peer Comparison
| Competitor | EPS (Basic) | Revenue from Operations (INR Lakhs) In FY24 | EBITDA (INR Lakhs) In FY24 | Return on Equity (%) In FY24 |
|---|---|---|---|---|
| V-Marc India Limited | - | 56,472.00 | 7,477.66 | 28.84 |
| Ultracab Wires | - | 12,405.56 | 1,553.18 | 17.09 |
| Dynamic Cables | - | 76,800.36 | 9,065.72 | 19.30 |
