Prime Cable Industries IPO Opens Today: ₹40 Cr Issue, ₹11.39 Cr Raised from Anchor Investors
By Shishta Dutta | Published at: Sep 22, 2025 10:14 AM IST
New Delhi, September 22, 2025: The Initial Public Offering (IPO) of Prime Cable Industries Limited is set to open today. Investors who are interested in applying can use their net banking portal to apply through the ASBA facility, or through a UPI mandate.
Prime Cable Industries Limited is an Indian company that manufactures and sells a wide range of cables and wires. The company was established in 2008 and has its headquarters in New Delhi, India.
Book Build Issue of ₹40.01 Crore
The issue size for the IPO is ₹40.01 crore, including a fresh issue of ₹35.02 crore, and an offer for sale of ₹4.99 crores. The company has set a price band of ₹78-₹83 per share. The lot size is 1,600 shares. Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. This amounts to a minimum investment of ₹2,65,600 at the upper price band.
Prime Cable Industries IPO opens today and will close on September 24. Share allotment is expected on September 25, and the company will credit the shares and issue refunds on September 26, with the shares expected to list on September 29. Indorient Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue.
Raised ₹11.39 Crore From Anchor Investors
On September 19, ahead of the IPO, the company raised ₹11.39 crore from anchor investors by allocating 13,72,800 equity shares at ₹83 per share. Key investors included:
| Anchor Investor | Shares Allotted | % of Anchor Book | Amount (₹ Cr) |
|---|---|---|---|
| Negen Undiscovered Value Fund | 2,83,200 | 20.63% | 2.35 |
| Craft Emerging Market Fund PCC-Citadel Capital Fund | 2,41,600 | 17.60% | 2.00 |
| India Equity Fund 1 | 2,41,600 | 17.60% | 2.00 |
| Shine Star Build Cap Pvt Ltd | 1,21,600 | 8.86% | 1.01 |
| Grobiz SME Opportunity Fund | 1,21,600 | 8.86% | 1.01 |
| YR Investment Opportunities Fund | 2,00,000 | 14.57% | 1.66 |
| India Max Investment Fund Ltd | 1,63,200 | 11.89% | 1.35 |
| Total | 13,72,800 | 100% | 11.39 |
Strong Financial Performance
In FY25, the company’s revenue jumped 70.8% to ₹14,097.72 lakh from ₹8,253.14 lakh in FY24. Net profit also increased by over four times to ₹750.45 lakh compared to ₹179.10 lakh in FY24. Net worth grew to ₹1,460.30 lakh from ₹709.84 lakh a year earlier. EPS increased to ₹5.52 from ₹1.30. However, borrowings also jumped to ₹3,842.82 lakh as of March 31, 2025.
Objects of the Issue
Prime Cable Industries has outlined the proposed utilisation of funds from its upcoming IPO. The company plans to allocate ₹14.46 crore towards capital expenditure for civil construction and machinery purchase, while ₹4.48 crore will go towards the repayment of term loan facilities. An additional ₹7.89 crore is earmarked for working capital requirements, with the remaining proceeds set aside for general corporate purposes.
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