Prime Cable Industries Limited IPO
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Prime Cable Industries Limited IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 48.21 L | ₹ 6.02 L | TBA | ₹ 131.04 L | NSE | ₹ 40.01 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 Sep, 25 | 24 Sep, 25 | 1600 | ₹ 1,24,800 | Book Building - SME | 29 Sep, 25 |
Prime Cable Industries Limited IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Cables - Power |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 4820795 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Prime Cable Industries Limited Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2.14 | 1.03 | 0.85 |
| EBITDA | 2.66 | 1.46 | 1.19 |
| PAT | 1.79 | 0.12 | 0.48 |
| Total Assets | 31.04 | 28.63 | 23.89 |
| Share Capital | 0.62 | 0.62 | 0.62 |
| Total Borrowings | 25.75 | 19.19 | 14.49 |
| Operating Activities (Net Cash) | 2.31 | 0.55 | 0.82 |
| Investing Activities (Net Cash) | -5.25 | -1.47 | 0.00 |
| Financing Activities (Net Cash) | 25.75 | 19.19 | 14.49 |
| Net Cashflow | 0.20 | 0.16 | 0.08 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Prime Cable Industries Limited
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.
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.
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.
Prime Cable Industries Limited IPO Key Points
Strengths
- 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.
Risk
- We depend on the success of our relationships with our customers, specially Government entities and the contracts with such entities are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. We derive a significant portion of our revenue from Government entities directly or through EPC contractors and we do not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from us, our business, financial condition and results of operations may be adversely affected.
- We rely substantially on our top 10 suppliers of raw materials used in our manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials we use in our manufacturing process may have a material adverse effect on our 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 our products and have an adverse effect on our business, financial condition, results of operations and cash flows.
Strategy
- Broaden our marketing base and increasing our geographical reach.
- Continue to focus on diversifying our product portfolio.
- 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.
How To Apply for Prime Cable Industries Limited IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
