Prime Cable Industries IPO
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Schedule of Prime Cable Industries
| Issue open date | 22 Sep 2025 |
| Issue close date | 24 Sep 2025 |
| UPI mandate deadline | 24 Sep 2025 (5 PM) |
| Allotment finalization | 25 Sep 2025 |
| Refund initiation | 26 Sep 2025 |
| Share credit | 26 Sep 2025 |
| Listing date | 29 Sep 2025 |
| Mandate end date | 09 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 25 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Prime Cable Industries
Prime Cable Industries has been engaged in manufacturing and sale of cables and wires for the past 17 years. The company manufactures low voltage (up to 1.1 KV) control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions including EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power, oil & gas, mining, steel, real estate, and electric panel builders. Prime Cable Industries is an ISO and BIS certified company manufacturing and selling cables primarily under brands “PRIMECAB” and “RENUFO” with manufacturing units in Delhi and Rajasthan.
Financials of Prime Cable Industries
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | ₹40.01 crores |
| Fresh issue | ₹35.02 crores |
| Offer for sale | ₹4.99 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure toward of the civil construction and purchase of the plant and machinery | 14.46 (41.3%) |
| Repayment of the term loan of the certain debt facilities | 4.48 (12.8%) |
| Working capital requirement | 7.89 (22.5%) |
| General corporate purposes | 8.19 (23.38%) |
Strengths
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Diversified portfolio across control, power, aerial bunch cables, and wires.
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Strong brand presence with “PRIMECAB” and “RENUFO.”
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Multiple manufacturing units for flexibility and coverage.
- Vendor approvals and BQR compliance for government tenders.
Risks
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Expansion into Medium Voltage category brings new challenges.
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Revenue concentrated in specific regions.
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Raw material price fluctuations impact supply and pricing.
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Intense competition from organised, unorganised, and imports.
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Dependence on key personnel and management expertise.
- Technology shifts may demand high capital investments.
Allotment Status for Prime Cable Industries
To check your allotment status – click here.
Subscription Figures for Prime Cable Industries
As per media reports (Link), the Grey Market Premium (GMP) of Prime Cable Industries is reported at ₹2 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.15 | 10.22 | 1.12x |
| NII | 6.88 | 7.76 | 1.13x |
| Retail | 16.03 | 12.32 | 0.77x |
| Total | 32.06 | 30.30 | 0.95x |