Prime Cable Industries IPO: An Overview
Prime Cable Industries Ltd.’s initial public offer (IPO) is all set to open for subscription on Monday, September 20. The book build issue is worth Rs 40.01 crore, according to data on the Chittorgarh website. In this article, we will delve into the details of the IPO, including the price band, lot size, and grey market premium.
IPO Details
The IPO consists of a fresh issue worth Rs 42 lakh and an offer for sale (OFS) worth Rs 35.02 crore shares. Investors can apply for the IPO in a lot size of 1,600 shares. The issue price is Rs 78-83 apiece, and the IPO will conclude on Wednesday, September 22.
The tentative allotment and listing date is set on September 25 and September 29, respectively. The company’s shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange Ltd. (NSE). Prime Cable Industries has raised Rs 11.39 crore from anchor investors on Friday, September 17.
Grey Market Premium
As of 6:59 p.m. on September 17, Prime Cable Industries’ grey market premium (GMP) is at Rs 3 per share. This indicates that the listing price of the issue is at Rs 85 apiece, which roughly translates to a listing premium of 3.61% upside from the issue price.
Company Profile
Prime Cable Industries is a domestic cable manufacturing company that produces a wide range of cables, including low-tension polyvinyl chloride (PVC) and XLPE power, control, and AB cables. The company sells cables and wires under the brand names of Primecab and Renufo. It serves the power generation, distribution, and transmission industry, oil and gas, and other sectors. Prime Cable Industries was set up in 1997 as a proprietorship firm.
Financial Performance
Prime Cable Industries has reported a significant surge in revenue, with a 71% increase on the year to Rs 141.10 crore in the financial year 2025. Its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was at Rs 14.71 crore in the fiscal year 2025, compared to Rs 4.59 crore in the corresponding period of the previous fiscal year. The company’s net profit surged 319% on the year to Rs 7.50 crore in the financial year 2025 from Rs 1.79 crore.
Should You Invest in Prime Cable Industries IPO?
Before making an investment decision, it is essential to consider various factors, including the company’s financial performance, industry trends, and market conditions. Prime Cable Industries’ strong financial performance and growth prospects make it an attractive investment opportunity. However, it is crucial to evaluate the IPO’s valuation and compare it with its peers in the industry.
In addition, investors should also consider the company’s management team, corporate governance, and competitive landscape. It is also essential to read the IPO prospectus carefully and consult with a financial advisor before making an investment decision.
Internal Linking Opportunities
For more information on IPOs and the stock market, please visit our IPO news section. You can also check our stock market news section for the latest updates on the Indian stock market.