Prime Cable Industries IPO Listing at 7.23% Discount at ₹83 Per Share
Mon Sep 29 2025
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Prime Cable Industries IPO Listing: The Prime Cable Industries IPO was subscribed 8.28 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 9.91 times the allocation, and non-institutional investors (NIIs) received 9.38 times the allocation. The retail quota of the issue was subscribed to 33.30%. Before delving deeper into the topic, go through the details of the Prime Cable Industries IPO.
Prime Cable Industries IPO Listing
On the NSE & SME platform, shares are listed at ₹76.95 per share, reflecting a discount of 7.23% against the issue price of ₹83 per share.
Prime Cable Industries IPO Details
It is a bookbuilding IPO of ₹40.01 crore, comprising a fresh issue of 0.42 crore shares. The problem will be listed on NSE and SME on its tentative listing date, 29th September 2025. The Prime Cables Industries IPO date is fixed between 22nd September 2025 and 24th September 2025. The face value of Prime Cables Industries’ IPO shares is ₹5 per share, and the IPO price is set at ₹78.00 to ₹83.00 per share.
| IPO Open Date | 22nd September 2025 |
| IPO Close Date | 24th September 2025 |
| IPO Allotment Date | 25th September 2025 |
| Refund Initiation | 26th September 2025 |
| Issue Size | 48,20,800 shares(aggregating up to ₹40.01 Cr) |
| Offer for Sale | 6,01,600 shares of ₹5(aggregating up to ₹40.01 Cr) |
| Fresh Issue | 39,77,600 shares(aggregating up to ₹33.01 Cr) |
| Face Value | ₹5 per share |
| Lot Size | 1,600 shares |
| Issue Price Band | ₹78.00 to ₹83.00 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & SME |
| Listing Date | 29th September 2025 |
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.
Prime Cables Industries Limited Financials
The company’s financial analysis is crucial before applying for the Prime Cables Industries IPO. Refer to the table to learn about Prime Cables Industries Limited’s financials.
| Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 92.08 | 48.44 | 39.09 |
| Revenue | 141.10 | 82.74 | 73.73 |
| Profit After Tax | 7.50 | 1.79 | 0.12 |
| EBITDA | 14.71 | 4.59 | 2.75 |
| Net Worth | 14.60 | 7.10 | 5.31 |
| Reserve and surplus | 7.73 | 6.47 | 4.68 |
| Total Borrowing | 38.43 | 32.71 | 22.74 |
Explanation
Prime Cables Industries Limited’s revenue increased by 71% from ₹82.74 crores in March 2024 to ₹141.10 crores in March 2025. Moreover, the company’s PAT rose by 319% from ₹1.79 crores to ₹7.50 crores.
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