Prime Cable Industries Limited
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹83
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,32,800
Issue Size
₹40.01 Cr
Face Value
₹5
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.97%
NII Quota
15.02%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Prime Cable Industries Limited
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.92%
Promoter Holding (Post-Issue)
68.24%
Issue Type
Book Building - SME
ISIN
INE0CQA01020
About the Company
Our Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years. We manufacture 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 which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power (transmission, distribution and generation), oil & gas, mining, steel, real estate, electric panel builders, etc. We are an ISO and BIS certified company which manufacture and sell cables primarily under our brand i.e. "PRIMECAB" and "RENUFO".
Industry Overview
India's cable industry is poised for robust growth, driven by infrastructure expansion, renewable energy adoption, and smart grid modernization. Government initiatives like RDSS, PMAY, and the National Infrastructure Pipeline are significantly boosting demand for low, medium, and high-voltage cables. With a 10% CAGR, the Indian cables market is expected to grow from Rs.91,344 Cr. in CY'24 to over Rs.2 lakh Cr. by CY'30. Strong tailwinds from real estate, industrial growth, and data centers are further fueling cable demand. Rising focus on grid efficiency, solar adoption, and quality standards positions companies like Prime Cable Industries for strong investor appeal.
Company History
Our Company was incorporated as a private limited company in the name and style of "RC Cable Private Limited" under the provisions of the Companies Act, 1956 vide certificate of incorporation dated May 12, 2008 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Later effective from April 1, 2009, our Company took over the business of proprietorship concern of one of our Promoter Purshotam Singla, namely M/s. Prime Cable Industries as per the business transfer agreement dated March 27, 2009 on a going concern basis. Further, the name of our Company was changed to "Prime Cable Industries Private Limited" and a fresh certificate of incorporation dated February 22, 2019 was issued by Registrar of Companies, Delhi. Subsequently, our Company was converted into a public limited company and the name of our Company was changed from "Prime Cable Industries Private Limited" to "Prime Cable Industries Limited" and a fresh certificate of incorporation was issued on December 18, 2024 by the Registrar of Companies, Central Processing Centre. The Corporate Identity Number of our Company is U31905DL2008PLC177989.
Products & Services
- The Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years.
Growth Strategy
- Broaden our marketing base and increasing our geographical reach.
- Continue to focus on diversifying our product portfolio.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 48,24,000 equity shares of face value of Rs. 5/- each ("Equity Shares") of the company at an offer price of Rs. 83 per equity share (including a share premium of Rs.78 per equity share) for cash, aggregating up to Rs. 40.04 crores ("Offer") comprising a fresh issue of 42,22,400 equity shares aggregating up to to Rs. 35.05 crores (the "Fresh Issue") and an offer for sale of 6,01,600 equity shares by Purshotam Singla ("the Selling Shareholder" or "Promoter Selling Shareholder") ("Offer for Sale") aggregating up to to Rs. 4.99 crores, out of which 2,41,600 equity shares of face value of Rs. 5 each, at an offer price of Rs. 83 per equity share for cash, aggregating Rs. 2.01 crores will be reserved for subscription by the market maker to the offer ( the " Market Maker Reservation Portion" ). the Offer less market-maker reservation i.e. offer of 45,82,400 equity shares of face value of Re. 5 each, at an offer price of Rs. 83 per equity Share for cash, aggregating up to Rs. 38.04 Crore is hereinafter Referred to as the "Net Offer". the offer will constitute 26.33% and 25.01% Respectively of the post-Offer paid-up Equity share capital of the company. Price Band: Rs.83/- for equity share of face value of Rs.5 each. The floor price is 16.60 times times the face value of the face value of the equity shares. Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Long standing relationships with distinguished clientele leading to recurring business.
- Vendor Approvals & established Bid-Qualification Requirements (BQR) for Government Tenders.
- Stringent quality measures and adherence to quality standards.
- Experienced and Committed Management Team.
- Unique positioning in the Cables & Wires Market.
- The company depend on the success of its relationships with its customers, specially Government entities and the contracts with such entities are typically awarded to the company's on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company derives a significant portion of the company's revenue from Government entities directly or through EPC contractors and the company does not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from it, the company's business, financial condition and results of operations may be adversely affected.
- The company relies substantially on the company's top 10 suppliers of raw materials used in the company's manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials the company use in the company's manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Any increase or fluctuations in the raw material prices may adversely impact the pricing and supply of the company's products and have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company's business is dependent and will continue to depend on its Manufacturing Units. Any disruption, breakdown or shutdown of the company's Manufacturing Units may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The Company does not own the premises in which itsregistered office, corporate office, manufacturing units and the company warehouse are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by property owner could adversely affect its operations.