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Operates in the cables and wires manufacturing sector, which is expected to grow at a 10% CAGR, and from ₹91,344 Cr. in Fiscal 2024 to ₹2 lakh Cr. in Fiscal 2030.
India’s cable industry is growing rapidly, rooftop solar, and power distribution upgrades. Rising urbanization and the government’s smart city initiatives are fueling infrastructure development, to install 1 crore rooftop solar systems by 2027. The high-voltage power cable segment is also expected to expand significantly by CY’30F.
| Revenue | ₹82.49 cr | ₹140.97 cr (+70.89%) | |
| PAT | ₹1.79 cr | ₹7.50 cr (+318.99%) | |
| PAT Margin | 2.17 % | 5.32 % (+145.16%) | |
| EBITDA | ₹4.58 cr | ₹15.04 cr (+228.38%) | |
| EBITDA Margin | 5.55 % | 10.67 % (+92.25%) | |
| ROE | 25.25 % | 51.41 % (+103.60%) | |
| ROCE | 10.61 % | 25.96 % (+144.67%) | |
| D/E | 4.61 | 2.63 (-42.95%) |
Prime Cable is diversifying through international expansion, infrastructure modernization, and India’s growing manufacturing demand, while expanding its product portfolio from low- to medium-voltage cables. Capacity growth and long-term partnerships support sustainable domestic and global market penetration.
PE Ratio: 20.26x Average Sector PE Ratio: 21.51x
| QIB Shares Offered: | 2288000 |
| - Anchor Investor Shares Offered: | 1372800 |
| − QIB (Ex. Anchor) Shares Offered : | 915200 |
| NII (HNI) Shares Offered: | 688000 |
| - bNII > ₹10L: | 459200 |
| - sNII < ₹10L: | 228800 |
| Retail Shares Offered: | 1603200 |
| Total Shares Offered: | 4579200 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 3200 | ₹265600 |
| S-HNI (Min) | 3 | 4800 | ₹398400 |
| S-HNI (Max) | 7 | 11200 | ₹929600 |
| B-HNI (Min) | 8 | 12800 | ₹1062400 |
Avg IPO Size (Sector Based):
₹ 25.00 cr.
Average Sector PE Ratio:
21.51 X
Listing Price:
₹ 81.00
Prime Cable is a 17-year-old manufacturer of cables and wires, producing low-voltage control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires, and conductors for sectors including power generation, transmission & distribution, EPC, oil & gas, mining, steel, real estate, and electric panel builders.
The company procures orders directly from non-government clients and government entities through vendor approvals or tenders, selling mainly under its brands “PRIMECAB” and “RENUFO.” It is ISO and BIS certified, with revenues of ₹14,094.42 Lakhs (FY 2025), ₹8,249.98 Lakhs (FY 2024), and ₹7,325.76 Lakhs (FY 2023). In FY 2025, revenue distribution was 37.28% from power transmission, 25.74% from power distribution, and 27.44% from power generation. As of August 31, 2025, its order book stood at ₹8,427.14 Lakhs.
Indorient Financial Services Limited, based in New Delhi is the Lead Manager (BRLM) of Prime Cable IPO. Indorient Financial Services Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Indorient Financial Services Limited .
Prime Cable Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Prime Cable Industries Financial Review Page
Merchant Banker(s) of Prime Cable Industries IPO: Indorient Financial Services Limited
Prime Cable Industries IPO subscription was 8.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Prime Cable Industries IPO listed at a listing price of 81.00 against the offer price of 83.00.
The current market price of Prime Cable Industries is 81.50.
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