Prime Cable Industries IPO: Price, GMP, Analysis, And Details

Prime Cable Industries IPO - Company Analysis 

Prime Cable Industries IPO under the SME IPO category is a bookbuild issue of Rs. 40.01 Cr by Prime Cable Industries Ltd, which was incorporated in 1997 and is the cable manufacturer which is well-known for creating a variety of wires and cables under the "PRIMECAB" and "RENUFO" brands, such as LT PVC/XLPE Power, Control, and AB Cables. 

The business has expanded to provide services to a number of industries, including oil and gas, transmission and distribution, and power generation. They concentrate on quality-certified, ISI-marked goods. The business produces and distributes a wide variety of cables, such as communication, power, control, and aerial bunched cables.

Prime Cable Industries IPO Details

The Prime Cable Industries IPO date is on 22 September 2025, and its initial public offering will end on 24 Sep with IPO allotment on Sep 25, and refund initiation on Sep 26, 2025.

The Rs. 40.01 crore new SME IPO comprises a combination of fresh issue of 0.42 crore shares (Rs. 35.02 Cr) and an offer for sale (OFS) of 0.06 crore shares (Rs. 4.99 Cr).

The Prime Cable Industries IPO listing date (expected) might be on Monday, Sep 29, 2025, and listing at the NSE and SME. 

The Prime Cable Industries IPO price band is Rs. 78 to Rs. 83.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Sep 22, 2025
IPO Closing Date	Sep 24, 2025
IPO Allotment Date	Sep 25, 2025
Refund Initiation	Sep 26, 2025
IPO Listing Date	Sep 29, 2025

 

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Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	92.08	48.44	39.09
Total Revenue	141.10	82.74	73.73
PAT	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

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	343.44	114.25	(98.14)
Net Cash Flow Investing Activities	(558.94)	(841.93)	(340.04)
Net Cash Flow Financing Activities	217.82	732.36	447.74

 

Revenue Bifurcation

 

Industry-wise Revenue Breakdown

 

Client-wise Revenue Breakdown

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital Expenditure for plant and machinery purchase and civil construction. ~ Rs. 14.46 Cr.

• Repayment of the specific debt facilities' term loan. ~ Rs. 4.48 Cr.

• Working capital needs. ~ Rs. 7.89 Cr.

• General Corporate Purposes.
  
  

Listed Peers of Prime Cable Industries Ltd. 

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
V- Marc India Limited	10	14.78	29.97
Dynamic Cables Limited	10	13.65	31.11
Ultracab (India) Limited	2	0.99	9.73

 

Valuation

Metric	Value
ROCE	25.96%
PBV	7.81
Debt/Equity	2.63
PAT Margin	5.32%
EBITDA Margin	10.43%
RoNW	69.16%

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 5.46 from the last year, the resulting P/E ratio is 15.20x. When compared with the industry’s average P/E of 23.60x, it indicates a justified price bid (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

 

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IPO's Strengths

• Enduring connections with esteemed customers that result in repeat business.

• Developed Bid-Qualification Requirements (BQR) for government tenders and vendor approvals in several states.

• Adherence to high standards and strict quality measures.

• Seasoned and dedicated management group.

 

 

IPO’s Weaknesses 

• Problems with the promoter group.

• Dependency on important individuals.

• Insufficient insurance protection.

• Restricted history of dividends.

 

Prime Cable Industries IPO GMP (Grey Market Premium)

Prime Cable Industries IPO GMP today has not started yet as of 18 Sep 2025 at the time of writing this information.

Prime Cable Industries IPO Summary

The Prime Cable IPO has a market maker portion size of 2,41,600 Shares (Rs. 2.01 Cr).

IPO Opening & Closing Date	22 Sep, 2025 to 24 Sep, 2025
Face Value	Rs. 5 per Share
Issue Price	Rs. 78 to Rs. 83 per Share.
Lot Size	1600 Shares
Issue Size	48,20,800 Shares (Rs. 40.01 Cr)
Offer for Sale	6,01,600 Shares (Rs. 4.99 Cr)
Fresh Issue	39,77,600 Shares (Rs. 33.01 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding IPO
Registrar	Skyline Financial Services Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,65,600 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (4800 Shares) for Rs. 3,98,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Prime Cable Industries IPO Allotment Status

To check the Prime Cable Industries IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Prime Cable Industries Ltd.

• Purshotam Singla

• Vijay Lakshmi Singla

• Nikunj Singla

• Naman Singla

• Shreya Jhalani Singla

Pre-Issue Promoter Shareholding	92.92%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Indorient Financial Services Ltd.  

 

 

Dividend Policy

The company has not paid a dividend since its incorporation.

Conclusion

The Prime Cable Industries IPO exposes investors to a developing cable manufacturing company with robust revenue growth and quality-certified products. But it's important to be aware of risks, including promoter group problems, dependence on important people, and a short dividend history. The IPO looks to be reasonably priced, with justifiable valuations in comparison to peers.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.