PRIME CABLE INDUSTRIES IPO
Dhan Kirti is pleased to bring you a detailed analysis of the upcoming IPO from Prime Cable Industries, a seasoned player in the electrical cables and wires manufacturing sector. This initial public offering presents an opportunity to invest in a company with a diversified product portfolio and an established market presence. We delve into the key details of the IPO, the company’s business model, its financial objectives, and the potential factors for investors to consider.
Key Offering Snapshot
| IPO Period | 22nd – 24th Sep 2025 |
|---|---|
| Listing on | 29 Sep 2025 |
| Price Band | ₹78 – ₹83 per equity share |
| Lot Size & Minimum Investment | 1600 shares, amounting to ₹132,800 at the upper price band |
| Total Issue Size | ₹40.01 crores |
Important Dates for Investors
- Opening Date: 22 Sep 2025
- Closing Date: 24 Sep 2025
- UPI Payment Deadline: 24 Sep 2025 (5 PM)
- Allotment Announcement: 25 Sep 2025
- Refund Processing: 26 Sep 2025
- Demat Credit: 26 Sep 2025
- Stock Market Listing: 29 Sep 2025
- Mandate Validity End: 09 Oct 2025
- Anchor Investor Lock-in Release (50%): 25 Oct 2025
- Anchor Investor Lock-in Release (Remaining): 24 Dec 2025
*Dates may be revised as per official updates. Investors are advised to monitor official announcements for any changes.
Understanding Prime Cable Industries
Founded around 2008, Prime Cable Industries has accumulated over 17 years of experience in the critical sector of cables and wires manufacturing. The company specializes in producing a comprehensive range of low voltage (up to 1.1 KV) electrical cables, including control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires, and conductors. Their products are essential components across various industries, showcasing their robust market integration.
Prime Cable Industries serves a diverse clientele that includes EPC (Engineering, Procurement, and Construction) players, electricity boards, public sector undertakings involved in power generation, transmission, and distribution, as well as key sectors like oil & gas, mining, steel, real estate, and electric panel builders. The company holds important ISO and BIS certifications, reflecting its commitment to quality standards. Its products are primarily marketed under the well-recognized brands “PRIMECAB” and “RENUFO”, supported by manufacturing units strategically located in Delhi and Rajasthan, enhancing their operational flexibility and market reach.
Overview of Funds to be Raised
The Prime Cable Industries IPO aims to raise a total of ₹40.01 crores through a combination of fresh issue and an Offer for Sale (OFS). This structure allows the company to inject new capital for its growth initiatives while also providing liquidity to existing shareholders.
| Total Funds Targeted | ₹40.01 crores |
|---|---|
| Fresh Issue Component | ₹35.02 crores |
| Offer for Sale Component | ₹4.99 crores |
The fresh issue component will directly contribute to the company’s balance sheet, supporting its expansion plans and operational funding. The Offer for Sale component allows promoters or existing shareholders to sell a portion of their holdings, with the proceeds going to those selling shareholders rather than the company.
Strategic Utilization of Capital
Prime Cable Industries plans to strategically deploy the net proceeds from the fresh issue to fuel its growth and strengthen its financial position. The allocation reflects a balanced approach towards capacity expansion, debt reduction, and working capital management, alongside general corporate purposes.
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Capital Expenditure toward civil construction and purchase of plant and machinery | 14.46 | 41.3% |
| Repayment of term loan for certain debt facilities | 4.48 | 12.8% |
| Working capital requirements | 7.89 | 22.5% |
| General corporate purposes | 8.19 | 23.38% |
A significant portion is earmarked for capital expenditure, indicating the company’s intent to enhance its manufacturing capabilities and infrastructure. Debt repayment aims to reduce financial leverage, while funding working capital needs ensures smooth day-to-day operations. The allocation for general corporate purposes provides flexibility for future strategic initiatives.
Core Competitive Advantages
Prime Cable Industries demonstrates several strengths that position it favorably within the competitive cable and wire manufacturing sector:
- Extensive Product Range: The company boasts a diversified portfolio spanning control cables, power cables, aerial bunch cables, and various types of wires, catering to a wide array of industrial and commercial requirements.
- Established Brand Recognition: Strong brand presence through its proprietary brands “PRIMECAB” and “RENUFO” has built trust and recall among customers, contributing to market penetration and loyalty.
- Strategic Manufacturing Footprint: Operating multiple manufacturing units provides operational flexibility, aids in efficient production, and enhances geographical coverage for supply and distribution.
- Compliance and Approvals for Government Projects: Vendor approvals and BQR (Bureau of Quality Registration) compliance enable the company to actively participate in government tenders, securing projects from public sector undertakings and electricity boards.
- Decades of Industry Experience: With over 17 years in the industry, the company has accumulated significant operational expertise, technical know-how, and a deep understanding of market dynamics.
Key Investment Considerations & Potential Risks
While Prime Cable Industries presents several strengths, investors should also be aware of potential risks inherent in its business and the broader industry:
- Challenges of New Market Entry: The company’s expansion into the Medium Voltage category introduces new technical, operational, and competitive challenges that require significant adaptation and investment.
- Geographical Concentration of Revenue: A significant portion of the company’s revenue may be concentrated in specific regions, making it vulnerable to regional economic downturns or policy changes.
- Vulnerability to Raw Material Price Volatility: Fluctuations in the prices of key raw materials such as copper, aluminum, and PVC can directly impact production costs and profitability, affecting supply and pricing strategies.
- Intense Competitive Landscape: The cables and wires market is highly competitive, facing pressure from both organized and unorganized players, as well as imported products, which can impact market share and pricing power.
- Reliance on Key Management: The success and growth of the company may heavily depend on the expertise and continued service of its key personnel and management team.
- Technological Obsolescence Risks: Rapid technological advancements in the electrical industry may necessitate high capital investments to upgrade manufacturing processes and product offerings to remain competitive.
Latest IPO Subscription Performance
Understanding the subscription trends across different investor categories provides insight into market interest and demand for the IPO. It is important to note that Grey Market Premium (GMP) figures are unofficial and highly speculative; exchange-published subscription numbers offer a more reliable indication of investor participation.
Subscription statistics based on the latest available information as of 5:00 PM on September 24, 2025:
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 9.15 | 90.68 | 9.91x |
| Non-Institutional Investors (NII) | 6.88 | 64.52 | 9.38x |
| Retail Individual Investors (RII) | 16.03 | 110.43 | 6.89x |
| Total | 32.06 | 265.64 | 8.28x |
*GMP figures are unofficial and may vary; exchange data is more reliable. These figures reflect the demand until the closing of the subscription period.
Participate in the Prime Cable Industries IPO
Investors interested in subscribing to the Prime Cable Industries IPO can easily participate through the official Dhan Kirti IPO platform. Ensure you complete your application before the subscription window officially closes.
Before making any investment decisions, it is crucial to conduct thorough due diligence, review the Red Herring Prospectus (RHP) of Prime Cable Industries, and consult with a financial advisor. IPO investments carry inherent risks, and past performance is not indicative of future results.
