IPO Details
Bidding Dates
22 Sept 25 - 24 Sept 25
Price Range ₹
78 - 83
Total Equity
₹ 0.00 Cr
Lot Size
3200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
About Company
Prime Cable Industries Limited, established in 1997, is an Indian cable manufacturer operating under the brands PRIMECAB and RENUFO. The company produces a wide range of ISI-marked and quality-certified cables, including LT PVC/XLPE power, control, aerial bunched (AB) cables, and communication cables. Its products cater to critical sectors such as power generation, transmission & distribution, oil & gas, mining, steel, and real estate. Over the years, the company has built long-standing client relationships and secured vendor approvals across multiple states, enabling it to participate in government tenders. With 144 employees, an experienced management team, and a growing industry presence, Prime Cable is positioned as an emerging player in India’s expanding power and infrastructure ecosystem.
Year Founded
12-05-2008
Promotor Details
Purshotam Singla
Highlights
- 71% revenue growth and 319% PAT jump in FY25 highlight rapid expansion.
- Wide range of cables (power, control, AB, communication) catering to multiple industries reduces dependency on a single sector.
- Long-standing clientele and government tender eligibility ensure recurring business opportunities.
- ROCE (25.96%) and RoNW (69.16%) reflect strong profitability and efficient capital utilization.
- Planned use of proceeds for capacity expansion, debt reduction, and working capital strengthens future scalability.
Challenges
- Debt-to-equity ratio of 2.63 indicates reliance on borrowings, adding financial risk.
- PAT margin (5.32%) is relatively thin, leaving less cushion during downturns.
- Operates in a highly competitive sector with larger established players.
- Prices of copper, aluminum, and PVC are volatile, impacting margins.
- EPS expected to drop from ₹5.32 (Pre-IPO) to ₹4.10 (Post-IPO), making valuations slightly expensive at P/E ~20x.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 3,130.27 | 62.44 | 47.77 | 47.77 | 0.3478 |
| 2023 | 3,921.11 | 62.44 | 179.10 | 179.10 | 1.3038 |
| 2025 | 9,207.61 | 686.83 | 12.22 | 12.22 | 0.089 |
| 2024 | 4,858.68 | 62.44 | 750.45 | 750.45 | 5.4631 |
