The subscription for the Prime Cable Industries IPO will remain open from September 22 to September 24, 2025.
The allotment of shares will take place on September 25, 2025, followed by refunds, unblocking of investment amounts, and crediting of shares to demat accounts on September 26, 2025.
The company’s shares are expected to be listed on NSE SME on September 29, 2025.
Company Profile and Financials
Prime Cable Industries Limited, established in 1997, is a leading manufacturer of wires and cables in India under the brands “PRIMECAB” and “RENUFO”.
The company produces power cables, aerial bunched cables, and communication cables, all certified and ISI-marked as per Indian standards.
Its products are supplied to multiple industries, including power, oil and gas, mining, steel, and real estate.
As of April 2025, it employed 144 staff across various departments.
In FY25, the company’s revenue grew by 71% to ₹141.10 crore, while profit after tax surged by 319% to ₹7.50 crore, showing strong financial performance.
IPO Details and Structure
The IPO is valued at ₹40.01 crore, consisting of:
Fresh issue: 42 lakh new shares worth ₹35.02 crore
Offer for Sale (OFS): 6 lakh shares worth ₹4.99 crore
The price band is set at ₹78–83 per share.
Retail investors: Minimum lot size is 1,600 shares.
At the upper band, the minimum investment will be ₹2,65,600 (for 3,200 shares).
HNIs: Must apply for at least 3 lots (4,800 shares), requiring ₹3,98,400.
IPO Objectives
The funds raised will be used for:
₹14.46 crore: Civil construction and purchase of new plant & machinery
₹4.48 crore: Repayment of existing loans and debts
₹7.89 crore: Working capital needs
Remaining amount: General corporate purposes
These steps aim to boost the company’s growth and financial strength.
Grey Market Premium (GMP)
The Prime Cable Industries IPO is showing a GMP of ₹3 in the unlisted market, about 3.6% higher than the issue price.
Key Managers and Promoters
Book Running Lead Manager: Indornet Financial Services Limited
Registrar: Skyline Financial Services Private Limited
Market Maker: Alectri Securities Limited
Promoters: Purushottam Singla, Vijay Laxmi Singla, Nikunj Singla, Naman Singla, and Shreya Jhalam Singla
