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Home > IPO Details

Prime Cable Industries Limited

22 Sep 2025 - 24 Sep 2025 Individual Category SME NSE

Min Investment

₹265600

Price Band

₹78-₹83

Issue Size

34.51 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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22 Sep 2025

Open Date

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24 Sep 2025

Close Date

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25 Sep 2025

Allotment Date

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29 Sep 2025

Listing Date

Prime Cable Industries is launching an IPO through the book building route, aiming to raise Rs 40.01 crore. The issue consists of a fresh issue of 0.42 crore shares worth Rs 35.02 crore and an offer for sale of 0.06 crore shares totaling Rs 4.99 crore. The IPO opens for subscription on 22nd September 2025 and closes on 24th September 2025. Allotment is expected to be completed by 25th September 2025. The shares are planned to be listed on NSE SME, with a tentative listing date of 29th September 2025.The price band for the IPO has been set between Rs 78 and Rs 83 per share. The lot size for applications is 1,600 shares. Retail investors can invest a minimum of Rs 2,65,600 (3,200 shares at the upper price), while High Net Worth Individuals (HNIs) must apply for at least 3 lots (4,800 shares), amounting to Rs 3,98,400. Indorient Financial Services Ltd. is serving as the book running lead manager, and Skyline Financial Services Pvt. Ltd. is the registrar for the issue. Alacrity Securities Ltd. has been appointed as the market maker.

Know Before Investing

Strengths icon

  • Strong customer loyalty with a large share of revenue from repeat clients.
  • Majority of business comes through government tenders ensuring steady demand.
  • Accredited facilities and strict quality checks enhance credibility and compliance.

Weaknesses icon

  • Heavy dependence on government contracts and limited supplier base.
  • Exposure to commodity price volatility affecting raw material costs.
  • Geographic concentration and lease-based operations heighten business risks.

About Prime Cable Industries Limited

Prime Cable Industries Limited, established in 1997 as a proprietorship, is an Indian cable manufacturing company that produces a wide range of wires and cables, including LT PVC/XLPE Power Cables, Control Cables, and Aerial Bunched (AB) Cables, marketed under the brands "PRIMECAB" and "RENUFO." The company serves multiple industries such as power generation, transmission and distribution, oil & gas, mining, steel, and real estate, with a focus on high-quality, ISI-certified products. Its offerings include power, control, communication, and aerial bunched cables, all designed to meet Indian quality standards. As of 30th April 2025, Prime Cable Industries employed 144 staff across various departments.

Founded

1997

Managing Director

Purshotam Singla

IPO Objectives

The proceeds from the issue are proposed to be utilized for several purposes. A portion, amounting to Rs 14.46 crore, is expected to be allocated toward capital expenditure, including civil construction and the purchase of plant and machinery. Approximately Rs 4.48 crore will be used for the repayment of certain term loans. Around Rs 7.89 crore is intended to meet the company’s working capital requirements, while the remaining funds will be utilized for general corporate purposes.

Company Promoters

Purshotam Singla

Vijay Lakshmi Singla

Nikunj Singla

Naman Singla

Shreya Jhalani Singla.

How to Apply for IPO

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IPO Allotment

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