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Prime Cable Industries IPO
Price Band
₹78.0–83.0
Issue Size
₹40.04 Cr
Lot Size
1,600 shares
Min Investment
₹265,600
2 LOTS MIN
GMP
₹-2.0 (-2.41%)
Issue Price
₹83.0
Prime Cable Industries IPO AI Summary
- Prime Cable Industries IPO is listed on NSE SME in the Cables - Electricals sector.
- Price band: ₹78.0–₹83.0 per share, lot size 1,600 shares (min. investment ₹265,600, 2 lots minimum).
- Subscription window: 22 Sep–24 Sep 2025, listing on 29 Sep 2025.
- Current GMP is ₹-2.0 (-2.41%), an estimated listing price of ₹81 — unofficial and can change daily.
Prime Cable Industries Limited is set to list on September 29, 2025, after an IPO priced at ₹83.0. The company has shown significant growth in revenue and profit over the past two years and aims to utilize the funds raised for various developmental purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Prime Cable Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Prime Cable Industries IPO Grey Market Premium (GMP) Today
GMP
₹-2.0
GMP %
-2.41%
Est. Listing
₹81.0
Updated: 25 Jul 2026 14:12
About the Company
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. Competitive Strength: Long standing relationships with distinguished clientele leading to recurring business. Vendor Approvals across multiple states and established Bid-Qualification Requirements (BQR) for Government Tenders. Stringent quality measures and adherence to quality standards Experienced and Committed Management Team.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 and Surplus | 7.73 | 6.47 | 4.68 |
| Total Borrowing | 38.43 | 32.71 | 22.74 |
Key Ratios
EPS
₹5.32
NAV
₹10.63
ROCE
25.96%
RoNW
69.16%
P/B Value
7.81
P/E Ratio
15.6
Market Cap
₹152.06 Cr
PAT Margin
5.32%
Debt/Equity
2.63
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ultracab (India) | 7.1 | 15.53% | 9.73 | 0.99 | 0.99 |
| Dynamic Cables | 154.31 | 22.05% | 31.11 | 13.65 | 13.65 |
| V- Marc India | 77.58 | 24.39% | 29.97 | 14.78 | 14.78 |
| Prime Cables Industries This IPO | 10.63 | 69.16% | — | 5.46 | 5.46 |
Promoters
Purshotam Singla, Vijay Lakshmi Singla, Nikunj Singla, Naman Singla and Shreya Jhalani Singla
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure toward of the civil construction and purchase of the plant and machinery 14.46 2 Repayment of the Term loan of the certain debt Facilities 4.48 3 Working Capital Requirement 7.05 4 General Corporate Purposes 4.93 5 Issue Expenses 4.72 Total 35.63
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹73.73 Cr in the year ending 31 Mar 2023, increasing to ₹82.74 Cr by 31 Mar 2024, and further rising to ₹141.10 Cr by 31 Mar 2025.
Profit Trend
Profit After Tax was ₹0.12 Cr in the year ending 31 Mar 2023, growing to ₹1.79 Cr by 31 Mar 2024, and reaching ₹7.50 Cr by 31 Mar 2025.
Valuation
The company's implied P/E ratio at the issue price of ₹83.0 is approximately 15.6, compared to peers trading at P/E ratios ranging from 9.73 to 31.11.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, low-risk investments may want to avoid IPOs like this, which can be subject to significant price fluctuations and market uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions, investor sentiment, and company performance can influence the stock price on the day of listing. Investors should be aware that past performance is not indicative of future results.
This evaluation is generated from Prime Cable Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Prime Cable Industries IPO GMP today?
Prime Cable Industries IPO GMP today is ₹-2.0 (-2.41%), indicating an estimated listing price of ₹81. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Prime Cable Industries IPO?
The price band of Prime Cable Industries IPO is ₹78.0–₹83.0 per share.
When does Prime Cable Industries IPO open and close?
Prime Cable Industries IPO opens on 22 September 2025 and closes on 24 September 2025.
When does Prime Cable Industries IPO list on the stock exchange?
Prime Cable Industries IPO listed on 29 September 2025 at ₹81.0.
What is the lot size for Prime Cable Industries IPO?
The lot size for Prime Cable Industries IPO is 1600 shares, requiring a minimum investment of ₹265,600 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹78.0 to ₹83.0.
What is the minimum investment required?
The minimum investment required is ₹265,600.
What is the lot size for this IPO?
The lot size for this IPO is 1600 shares.
When does the IPO open and close?
The IPO opens on September 22, 2025, and closes on September 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the stock before it officially lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Sep 2025
Close
24 Sep 2025
Allotment
25 Sep 2025
Listing
29 Sep 2025
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