Key IPO Dates
| Anchor Investor Subscription | Â |
| IPO opens on | 22 Sept. 2025 |
| IPO Closes on | 24 Sept. 2025 |
| Allotment on | 25 Sept, 2025 |
| Credit of shares on | 26 Sept. 2025 |
| Tentative Listing on | 29 Sept. 2025 |
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Business
Prime Cable Industries Limited, established in 1997, is engaged in manufacturing and supplying a wide range of wires and cables under the brands “PRIMECAB” and “RENUFO.” Its product portfolio includes LT PVC/XLPE power cables, control cables, aerial bunched (AB) cables, and communication cables. The company caters to diverse industries such as power generation, transmission & distribution, oil & gas, mining, steel, and real estate. It emphasizes quality and reliability, offering ISI-marked and certified products. Over the years, the company has expanded its presence by delivering cables that meet industry standards and serve critical infrastructure needs.
IPO Details
|
Sector: Agritech Solution provider |
|
| IPO opens on | 22 September 2025 |
| IPO closes on | 24 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 48,20,800 Shares / Rs 40.01 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 2,41,600 Shares |
| Net offer to Public | 39,77,600 Shares Rs. 33.01 Crores |
| Face Value per share | Rs. 5 |
| Price Band | Rs. 78-83 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | 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 Shares Offered | 16,03,200 (33.26%) |
| Total Shares Offered | 48,20,800 (100.00%) |
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 3,200 | â‚ą2,65,600 |
| Retail (Max) | 2 | 3,200 | â‚ą2,65,600 |
| S-HNI (Min) | 3 | 4,800 | â‚ą3,98,400 |
| S-HNI (Max) | 7 | 11,200 | â‚ą9,29,600 |
| B-HNI (Min) | 8 | 12,800 | â‚ą10,62,400 |
PromotersÂ
The promoters hold 92.93% of the pre-IPO capital
Objects of the IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
| Objects of the Issue | To be utilised (Rs. in crores) |
| Capital Expenditure toward of the civil construction and purchase of the plant and machinery | 14.46 |
| Repayment of the Term loan of the certain debt Facilities | 4.48 |
| Working Capital Requirement | 7.89 |
| General Corporate Purposes | Â |
| Registered Office of the Company |
| Prime Cable Industries Ltd. Flat No 249 Ground Floor KD Block Pitampura, Rani Bagh, North West Delhi, New Delhi, 110034 |
| Email:Â compliance@primecabindia.com |
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| Lead Manager of the IPO |
| Indorient Financial Services ltd |
| Who is the Registrar to the IPO? Skyline Financial Services ltd |
Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 92.08 | 48.44 | 39.09 |
| Total Income | 141.1 | 82.74 | 73.73 |
| Profit After Tax | 7.5 | 1.79 | 0.12 |
| EBITDA | 14.71 | 4.59 | 2.75 |
| NET Worth | 14.6 | 7.1 | 5.31 |
| Reserves and Surplus | 7.73 | 6.47 | 4.68 |
| Total Borrowing | 38.43 | 32.71 | 22.74 |
| Amount in Rs. Crore | |||
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Key Financial Indicators
| KPI | Values |
| 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 | 5.32 |
| PE R | 15.16 |
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Peer Comparison
| Company Name | P/EÂ (x) | RoNWÂ (%) |
| Prime Cables Industries | Â | 69.16 |
| V- Marc India | 29.97 | 24.39 |
| Dynamic Cables | 31.11 | 22.05 |
| Ultracab (India) | 9.73 | 15.53 |
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IPO Concise Review
 by Paresh Gordhandas, Chartered Accountant & Research Analyst
Prime Cable Industries Limited, established in 1997, manufactures a wide range of power, control, and communication cables under its “PRIMECAB” and “RENUFO” brands, catering to industries like power, oil & gas, steel, and real estate.
Financially, the company has shown steady growth in revenue and profitability, supported by its diversified product portfolio and industry presence. Its return on net worth stands at 69.16%, significantly higher than peers.
However, at a P/E of 69.16, the IPO appears expensive compared to V-Marc India (29.97x), Dynamic Cables (31.11x), and Ultracab India (9.73x), despite delivering superior RoNW. This indicates rich valuations, leaving limited margin for safety.
Quicklinks
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