IPO Details

Bidding Dates

22 Sep '25 - 24 Sep '25

Minimum Investment

₹2,65,600/ 2 lots (3,200 Shares)

Price Range

₹78 to ₹83 per share

Maximum Investment

₹2,65,600/ 2 lots (3,200 Shares)

Retail Discount

To be announced

Issue Size

₹40.01 Crores

Investor category and sub category

Market Maker  |   Qualified Institutional Buyers (QIB)  |   NII (HNI - High Net-worth Individuals)   |   Retail Investors  |  

Prime Cable Industries Ltd. IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Sep 22, 25

IPO Close Date

Sep 24, 25

Cut-off Time for UPI Mandate Confirmation

Sep 24, 25

Tentative Allotment Date

Sep 25, 25

Initiation of Refunds

Sep 26, 25

Credit of Shares to Demat Account

Sep 26, 25

Tentative Listing Date

Sep 29, 25

Prime Cable Industries IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 21, 2025

 0.52 0.53 0.29 0.41

About Prime Cable Industries Ltd. IPO

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:

  1. ₹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.
  2. ₹448.31 Lakhs from the net proceeds will be used to repay a portion of the company's outstanding borrowings.
  3. ₹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

  1. 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%.
  2. 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.
  3. 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?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Prime Cable Industries Ltd. IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. 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:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. 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

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 Fiscal 2022
Revenue from Operations (₹ Lakhs) 9,293.36 8,249.98 7,325.76 5,341.27
EBITDA (₹ Lakhs) 828.20 458.67 275.02 178.58
Profit After Tax (₹ Lakhs) 375.73 179.10 12.22 47.77
Return on Net Worth (%) 41.85 28.87 2.33 9.53
Debt-Equity Ratio (times) 3.78 4.61 4.28 3.17

Know before investing

Strengths

8

  1. The company received high revenue from repeat customers (roughly 69.75% to 86.72%).

  2. Over 92% of its revenue comes from government-appointed tenders.

  3. Its competitive edge is strengthened by quality control and product-specific accreditations.

  4. Manufacturing Unit-II is NABL-accredited, thereby enhancing product credibility and market access.

  5. Both raw materials and final products undergo rigorous in-house and external quality checks to ensure compliance with industry standards.

  6. Equipped with modern machinery and equipment, the company ensures cost-effective, reliable, and high-quality cable production.

  7. Experienced leadership drives strategic growth in the dynamic cable and wire industry.

  8. Current revenue is concentrated in 5–6 states; expansion into underserved regions offers major growth opportunities.

Risks

8

  1. The company has a high revenue dependency on government contracts (>80%).

  2. It relies on a few raw material suppliers without having long-term agreements.

  3. Commodity price fluctuations for raw materials can adversely impact the business.

  4. Production vulnerability exists due to both manufacturing units being in North India.

  5. Its operations are vulnerable to risks of lease termination or non-renewal.

  6. Business revenue is highly concentrated in a few specific geographical regions.

  7. Production disruption and higher costs are possible due to power dependency.

  8. The labour-intensive nature of business makes it vulnerable to future labour disputes.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Prime Cable Industries Limited Peer Comparison

Competitor 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

Prime Cable Industries Ltd. IPO FAQs

What is the Prime Cable Industries Ltd IPO?

Prime Cable Industries Ltd is launching an SME book-building IPO to raise ₹40.01 crores through a fresh issue of shares. 

What is the issue size of the IPO?

The IPO aims to raise ₹40.01 crores. 

When does the IPO open and close?

The IPO opens on September 22, 2025, and closes on September 24, 2025. 

What is the minimum lot size and investment for retail investors?

The lot size is 1,600 shares. Retail investors must apply for a minimum of 2 lots (3,200 shares) with a minimum investment of ₹2,65,600 at the upper price band. 

When will the allotment be finalised?

The basis of allotment is expected on September 25, 2025. 

When will the shares be credited and listed?

Shares will be credited to demat accounts on September 26, 2025. Listing on NSE SME is expected on September 29, 2025. 

What about listing gains?

Listing gains cannot be predicted before the IPO’s listing. 

 

When will I know if my Prime Cable Industries IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of the Prime Cable Industries IPO?

Skyline Financial Services Pvt.Ltd. is the registrar responsible for managing the IPO allotment process and handling investor queries.   

Where is the Prime Cable Industries IPO getting listed?

The Prime Cable Industries IPO is proposed to be listed on the NSE SME exchange. 

 

How to increase your chances of getting a Prime Cable Industries Ltd IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Prime Cable Industries Ltd IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Prime Cable Industries Ltd IPO using one PAN?

You can submit only one application using your PAN card. 

How to read financial statements of Prime Cable Industries Ltd?

To read TechDefence Labs Limited’s financial statements, download the IPO’s  RHP document. 

What is 'pre-apply' for the Prime Cable Industries Ltd?

Pre-apply allows investors to apply for the TechDefence Labs IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Prime Cable IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.