Prime Cable Industries Lists at ₹81, Slips Below Issue Price on Debut

New Delhi, September 29, 2025 – Shares of Prime Cable Industries Limited made a weak debut on the stock exchanges at ₹81 per share, which is lower than the upper end of the IPO price band (₹83 per share). The price was further dragged down, and at 12:45 PM, the share was trading at ₹78.20 (5.89% lower than the listing price) due to selling pressure. The day’s low point has been ₹76.95.

Listing Day Trade Snapshot

The stock was listed slightly below the upper band of the IPO price (₹81). However, the selling pressure soon mounted, and the share reached the intraday low of ₹76.95 with a VWAP of ₹80.76. The total market cap was ₹141 with shares traded in excess of 10 lakh by 12:45 PM. The stock consolidated slightly and was trading around ₹78.20 at the time. There was hardly any buy-side support during the early trading hours.

IPO Performance Recap

Prime Cable Industries IPO witnessed an overwhelming response from all categories of investors, with a 7.77 times subscription received. The QIBs poured in 18.87 times, with strong participation from NIIs and retail investors. The total issue size was ₹40.04 crore with the OFS (Offer for Sale) component of ₹4.99 crore. The company had also received anchor investment from 7 institutional investors for ₹11.39 crores.

About Prime Cable Industries

Prime Cable, with over 17 years in the cables and wires business, operates under the brands PRIMECAB and RENUFO. Its product range includes low-voltage control cables, power cables, aerial bunch cables, instrumentation cables, and building wires. The company supplies to EPC players, electricity boards, PSUs, and industrial clients, with certified plants in Delhi and Rajasthan.

Despite strong IPO demand, the listing day movement shows investors booking early profits, pushing the stock below the issue price within minutes of debut.

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