Prime Cable Industries Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹3(3.61%)
Premium (ELP)
The Initial Public Offering of Prime Cable Industries Limited's culminated in its successful listing on Sep 29, 2025 at the NSE trading platform. The company secured 48,20,800 Shares through this capital market exercise, with 42,19,200 Shares allocated to new capital formation and ₹4.99 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹78 to ₹83, with minimum investment requirements of 1600 shares. The subscription period from Sep 22, 2025 to Sep 24, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 25, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Prime Cable Industries Limited, established in 1997, is an Indian cable manufacturer producing a wide range of ISI-marked wires and cables under the brands “PRIMECAB” and “RENUFO.” Its product portfolio includes LT PVC/XLPE power cables, control cables, aerial bunched cables, and communication cables, serving industries such as power generation, transmission and distribution, oil and gas, mining, steel, and real estate. Known for its focus on certified quality, the company continues to expand its presence, and as of April 30, 2025, it employed 144 people across different departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Industry Presence – With 20+ years in cable manufacturing, the company has built strong brand equity through its well-known brands “PRIMECAB” and “RENUFO.”
- Stable Customer Base – Long-term relationships with reputed clients drive recurring business and foster customer loyalty.
- Government Tender Advantage – Multiple state vendor approvals and fulfillment of BQRs position the company strongly for securing government contracts.
- Government Contract Dependence – Heavy reliance on government and EPC contracts awarded through competitive bidding exposes the company to revenue volatility, as these are short-term and non-binding.
- Supplier Concentration Risk – Dependence on top suppliers for raw materials makes operations vulnerable to supply disruptions or delays, impacting production and profitability.
- Raw Material Price Volatility – High exposure to copper, aluminum, and PVC costs can significantly affect margins and overall financial performance.
- Purshotam Singla
- Vijay Lakshmi Singla
- Nikunj Singla
- Naman Singla
- Shreya Jhalani Singla
Prime Cable Industries Limited
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