Prime Cable Industries IPO: A Comprehensive Guide for Investors
Prime Cable Industries, a prominent player in the cable and wire manufacturing sector, has launched its SME IPO to raise capital for its ambitious growth plans. This public issue, with an issue size of ₹40.01 crores, provides a valuable opportunity for investors looking to enter the burgeoning power and infrastructure sectors in India. This article offers a detailed analysis of the IPO, covering its key aspects, from Grey Market Premium (GMP) to subscription status and financial health.
Company Overview
Established in 2008, Prime Cable Industries is engaged in the manufacturing and sale of a wide range of cables and conductors under its brands, 'PRIMECAB' and 'RENUFO'. The company's product portfolio includes low-voltage control cables, power cables, and housing wires, which cater to a diverse clientele including power generation, transmission, and distribution companies, as well as industries like oil & gas, real estate, and mining. With two manufacturing facilities and a strong focus on quality (all products are ISI-marked), the company has demonstrated impressive financial growth. In the fiscal year 2025, its revenue surged by 71% to ₹141.10 crores, and its net profit saw a remarkable 319% increase to ₹7.50 crores.
Prime Cable Industries IPO GMP & Listing Outlook
The Prime Cable Industries IPO GMP (Grey Market Premium) is a key indicator of the market's sentiment. As of the latest update on September 24, 2025, the GMP has shown some fluctuation. While it had been at ₹3-₹5 in the past few days, a more recent update shows it has dropped to ₹0.
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