India’s IPO market continues to attract investors in 2025, with companies across diverse sectors tapping the capital markets. Among these, Prime Cable Industries Limited stands out as a leading cable manufacturer catering to power generation and distribution, oil & gas, mining, steel, and real estate sectors. Prime Cable IPO is set to open on September 22, 2025, offering investors a chance to participate in a firm with robust growth and ISI-marked quality products.
About Prime Cable Industries Ltd.
Incorporated in 1997, Prime Cable Industries Limited manufactures a wide range of wires and cables, including LT PVC/XLPE Power, Control, and AB cables under the brands “PRIMECAB” and “RENUFO.” The company serves multiple industries such as power generation, transmission & distribution, oil & gas, mining, steel, and real estate.
Prime Cable Industries emphasizes ISI-certified quality standards and has built strong relationships with long-standing clientele. The company operates with a team of 144 employees (as of April 30, 2025) and focuses on high-quality manufacturing for domestic and industrial applications.
Competitive Strengths:
- Long-standing client relationships ensuring recurring business
- Vendor approvals across multiple states and compliance with government BQRs
- Stringent quality standards and adherence to industry norms
- Experienced and committed management team
Prime Cable Industries IPO Details
The Prime Cable Industries IPO is a book building issue of ₹40.01 crore, comprising a combination of fresh issue of 0.42 crore shares (₹35.02 Cr) and offer for sale of 0.06 crore shares (₹4.99 Cr). The IPO will be listed on NSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 22, 2025 |
| IPO Close Date | Sep 24, 2025 |
| Tentative Allotment | Sep 25, 2025 |
| Initiation of Refunds | Sep 26, 2025 |
| Credit of Shares to Demat | Sep 26, 2025 |
| Tentative Listing Date | Sep 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 24, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹5 per share |
| Issue Price Band | ₹78 – ₹83 per share |
| Lot Size | 1,600 shares |
| Total Issue Size | 48,20,800 shares (₹40.01 Cr) |
| Fresh Issue (Ex Market Maker) | 39,77,600 shares (₹33.01 Cr) |
| Offer for Sale | 6,01,600 shares (₹4.99 Cr) |
| Reserved for Market Maker | 2,41,600 shares (₹2.01 Cr) |
| Net Offered to Public | 45,79,200 shares (₹38.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,41,01,660 shares |
| Shareholding Post-Issue | 1,83,20,860 shares |
Prime Cable Industries IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares.
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 3,200 | ₹2,65,600 |
| 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 |
Promoter Holding:
The promoters include Purshotam Singla, Vijay Lakshmi Singla, Nikunj Singla, Naman Singla, and Shreya Jhalani Singla.
- Pre-IPO: 92.92%
- Post-IPO: NA
Book Running Lead Manager: Indorient Financial Services Ltd.
Registrar: Skyline Financial Services Pvt. Ltd.
Market Maker: Alacrity Securities Ltd.
Company Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 92.08 | 48.44 | 39.09 |
| Total Income | 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 |
| Reserves & Surplus | 7.73 | 6.47 | 4.68 |
| Total Borrowing | 38.43 | 32.71 | 22.74 |
Key Performance Indicators (FY2025):
- Market Cap: ₹152.06 Cr
- ROCE: 25.96%
- Debt/Equity: 2.63
- RoNW: 69.16%
- PAT Margin: 5.32%
- EBITDA Margin: 10.43%
- Price to Book Value: 7.81
- EPS Pre-IPO: ₹5.32 | Post-IPO: ₹4.10
- P/E Pre-IPO: 15.6x | Post-IPO: 20.26x
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Crore) |
| 1 | Capital Expenditure for civil construction and plant & machinery | 14.46 |
| 2 | Repayment of certain term loans | 4.48 |
| 3 | Working Capital Requirement | 7.89 |
| 4 | General Corporate Purposes | Balance |
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Industry Outlook
The Indian cable and wire industry is witnessing robust growth due to:
- Expansion in power generation, transmission, and distribution networks
- Growing industrial infrastructure across sectors such as oil & gas, steel, and mining
- Rising demand for ISI-certified quality cables and wires
- Government and private sector projects increasing the adoption of high-quality cable solutions
Prime Cable Industries benefits from a diversified product portfolio, experienced management, and long-standing client relationships, positioning it well to tap into this growing market.
Conclusion
Prime Cable Industries Ltd. offers investors a chance to participate in a fast-growing, quality-focused cable manufacturing company. With strong revenue and profit growth, an experienced management team, and diversified clientele, the IPO is attractive for long-term investors. However, risks include sector-specific market fluctuations, dependency on large industrial clients, and competition from other cable manufacturers.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
