Check Prime Cable Industries IPO Subscription Day 2
Posted by : sachet | Tue Sep 23 2025
Click and Sign Up to Get Experts’ Verdicts on Prime Cable Industries IPO
Here, the Prime Cable Industries IPO launched on 22nd September 2025. The issue will be closed for bidding today, on 24th September 2025. The primary aim of the Prime Cable Industries IPO is to raise ₹40.01 crores from the market. Additionally, the Prime Cable Industries IPO has received an impressive level of subscription, which suggests that the shares will be listed at a remarkable premium. Scroll down to check the Prime Cable Industries IPO subscription and details.
Prime Cable Industries IPO Details
| IPO Open Date | 22nd September 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 1,600 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & SME |
| IPO Close Date | 24th September 2025 |
| Listing Date | 29th September 2025 |
The price band for Prime Cable Industries IPO has been prescribed as ₹78 to ₹83 per share, with a total of 48,20,800 shares issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % Shares offered |
| 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 Investors | 16,03,200 | 33.26% |
| Total Shares Offered | 48,20,800 | 100.00% |
Prime Cable Industries IPO Subscription Status
As of now, the Prime Cable Industries IPO has been subscribed to 0.69 times. Of these, 0.62 times are subscribed by retail investors, 0.72 times by non-institutional investors, and 0.79 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of the Prime Cable Industries IPO listing on 29th September 2025. Prime Cable Industries also has a positive outlook behind the fresh issue of 0.42 crore shares, which is expected to raise around Rs 40.01 crore.
About Prime Cable Industries Limited
Prime Cable Industries Limited is an Indian cable manufacturing company known for producing a wide range of wires and cables, including LT PVC/XLPE Power, Control, and AB Cables, under the brand names “PRIMECAB” and “RENUFO. The company was established in 1997 as a proprietorship firm and has since grown to serve various industries, including power generation, transmission & distribution, oil & gas, and more. They focus on ISI-marked, quality-certified products. The company manufactures and supplies a diverse range of cables, including control, power, aerial-bunched, and communication cables. The company serves various industries, including power, oil & gas, mining, steel, and real estate. The company’s products are ISI-marked (Indian Standards Institute) quality cables and wires. As of April 30, 2025, the company had 144 employees in various departments.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of Prime Cable Industries Limited.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 15.6 |
| EPS (Earnings Per Share) | 5.32 |
| RoNW | 69.16% |
| ROCE | 25.96% |
| ROE | 0.00% |
| EBITDA Margin | 10.43% |
| Price to Book Value | 4.81 |
| Market Capitalisation | ₹152.06 Cr |
Prime Cable Industries IPO Listing Expectations
The Prime Cable Industries IPO allotment is still pending. However, according to current GMP or market sentiments, it is reasonable to expect higher listing gains from the share. A 7.23% jump in Prime Cable Industries IPO GMP indicates that the estimated listing price per share will be approximately Rs 89.
It will provide higher listing gains to investors who applied for this IPO. Additionally, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Prime Cable Industries IPO GMP Today
We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the Prime Cable Industries IPO GMP for 23rd September 2025.
The grey market premium for this IPO is 7.23%, or Rs 6 per share. It indicates that the estimated listing price per share is Rs 89. Numerous factors played a pivotal role in this jump in the Prime Cable Industries IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 23-09-2025 | ₹83.00 | ₹6.00 | ₹89.00 | 7.23% |
| 22-09-2025 | ₹83.00 | ₹5.00 | ₹88.00 | 6.02% |
| 21-09-2025 | ₹83.00 | ₹3.00 | ₹86.00 | 3.61% |
| 20-09-2025 | ₹83.00 | ₹3.00 | ₹86.00 | 3.61% |
| 19-09-2025 | ₹83.00 | ₹3.00 | ₹86.00 | 3.61% |
| 18-09-2025 | ₹83.00 | ₹2.00 | ₹85.00 | 2.41% |
| 17-09-2025 | ₹83.00 | ₹0.00 | ₹83.00 | 0.00% |
Prime Cable Industries IPO Dates
| IPO Open Date | 22nd September 2025 |
| IPO Close Date | 24th September 2025 |
| Allotment | 25th September 2025 |
| Refund Date | 26th September 2025 |
| IPO Listing Date | 29th September 2025 |
Note: IPO GMP is highly volatile, influenced by market sentiment. Hence, one should conduct their research before investing in it.
Recent Articles
Top 10 Penny Stocks in India | Penny Stocks to Buy in 2025
Best Stocks to Buy Today: Explore Best Stocks With Expected Trends
Milky Mist Dairy Foods IPO Details: Everything You Should Know about
Karbonsteel Engineering IPO GMP & Review: Should You Apply or Avoid?
Taurian MPS IPO GMP & Review: Should You Apply or Avoid?
Shringar House of Mangalsutra IPO GMP & Review: Apply or Avoid?
Dev Accelerator IPO GMP & Review: Apply or Avoid?
