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Prime Cable Industries IPO
Prime Cable Industries Limited
₹1,24,800 /1600 sharesMinimum Investment
Prime Cable Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 22 Sep ‘25 - 24 Sep ‘25 | ₹2,49,600 | 1,600 | ₹78 - ₹83 |
| Issue Size |
|---|
| 40.01Cr |
About Prime Cable Industries
Founded in
2008
Managing director
Mr. Purshotam Singla
Parent organisation
Prime Cable Industries Limited
Strengths & Financials of Prime Cable Industries
Strengths
Risks
The company is ISO 45001:2018 certified for the international standard for occupational health and safety (OH&S) management systems, ISO 9001:2015 for quality management systems, ISO for environmental management systems, and ISO/IEC 17025:2017 certified, which is the international standard for the competence of testing and calibration laboratories. The company also holds Bureau of Indian Standards (BIS) standard certificates.
The company states that its manufacturing facilities include in-house testing laboratories to monitor product quality. In addition, Manufacturing Unit-II holds the National Accreditation Board for Testing and Calibration Laboratories (NABL), ensuring that every finished product meets established quality standards.
The company states that its consistent focus on quality and customer service has helped the company build and maintain long-term client relationships. Over the years, it has developed a wide customer base that values its commitment to quality, innovation, and reliability in cable and wire manufacturing. The company’s key clients include major electricity boards, engineering–procurement–construction (EPC) companies, and public sector undertakings (PSUs) in the power sector.
Prime Cable Industries claims that it is approved by state transmission and distribution utilities, PSUs, and distribution companies (DISCOMs) across India to participate in project tenders—directly or through EPC contractors. These tenders often require strict bid qualification criteria, including a proven track record, performance history, and relevant experience, all of which the company satisfies.
The company states that all products are manufactured within the company’s own facilities, which are designed to meet specific standards of innovation, quality, and consistent availability. It further claims that established systems throughout the production process ensure that every product is reliable and meets required quality benchmarks.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 73.62 crore in FY23 to Rs 82.53 crore in FY24 and Rs 140.98 crore in FY25. PAT increased from Rs 0.12 crore in FY23 to Rs 1.79 crore in FY24 and Rs 7.50 crore in FY25.
The company derives a significant portion of its revenue from the EPC contracts it receives through the government clientele. They accounted for Rs 105.07 crore (74.55 percent) of the company’s total revenue in FY25, Rs 61.38 crore (74.40 percent) in FY24, and Rs 55.19 crore (75.34 percent) in FY23. Such contracts are obtained through the bidding process, and the company does not have any long-term agreements with the clients either. Any loss of any of these clients or a failure to perform in the bidding process could adversely affect the company’s operations and finances.
The company’s top 10 suppliers accounted for Rs 94.50 crore (78.16 percent) of the company’s total purchases in FY25, Rs 55.62 crore (79.14 percent) in FY24, and Rs 51.52 crore (80.05 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company generates a major portion of its revenue from Bihar, Uttar Pradesh, Madhya Pradesh, and Karnataka. These states together accounted for Rs 79.27 crore (56.25 percent) of the company’s total revenue in FY25, Rs 39.14 crore (47.45 percent) in FY24, and Rs 43.46 crore (59.33 percent) in FY23. Any adverse political, social, economic, or demographic developments in these states could adversely affect the company’s operations and financial condition.
The company derives a major portion of its revenue from the sale of cables. These cables accounted for Rs 72.01 crore (51.09 percent) of the company’s total revenue in FY25, Rs 48.83 crore (59.19 percent) in FY24, and Rs 35.23 crore (48.10 percent) in FY23. Any decrease in demand in the Indian market for cables could adversely affect the company’s revenue, profitability, and operations.
The company has witnessed a sharp increase in its trade receivables over the years. It increased from Rs 14.17 crore in FY23 to Rs 11.76 crore in FY24, and to Rs 38.67 crore in FY25. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s top 10 customers accounted for Rs 93.72 crore (66.51 percent) of the company’s total revenue in FY25, Rs 47.88 crore (58.04 percent) in FY24, and Rs 38.53 crore (52.60 percent) in FY23. If the company is unable to retain these key customers or expand the customer base or loses business from these clients, it can adversely affect the company’s business and financial standing.
As of FY25, the company has contingent liabilities amounting to Rs 12.54 crore. If any of these contingent liabilities materialise, it could harm the company’s financial performance.
The company is dependent on Delhi and Rajasthan for its raw materials. Delhi accounted for Rs 57.60 crore (47.64 percent) of the company’s total purchases in FY25, Rs 46.60 crore (66.32 percent) in FY24, and Rs 48.86 crore (75.92 percent) in FY23. Rajasthan accounted for Rs 42.20 crore (34.90 percent) of the company’s total purchases in FY25, Rs 16.99 crore (24.18 percent) in FY24, and Rs 5.31 crore (8.24 percent) in FY23. Any adverse developments in these locations that interrupt the supply of raw materials to the company could adversely affect its business operations.
The company’s operations depend heavily on the price and availability of key raw materials, including aluminium and copper rods, polyvinyl chloride (PVC), cross-linked polyethylene (XLPE), GI strips/wires, and wooden drums for packing. These materials are vulnerable to price fluctuations. The cost of goods sold accounted for Rs 117.50 crore (83.35 percent) of the company’s revenue in FY25, Rs 71.66 crore (86.83 percent) in FY24, and Rs 65.21 crore (88.57 percent) in FY23. Although the company generally passes on the rising costs to customers, it cannot always recover the full increase and may need to implement internal cost-control measures. Any inability to offset or pass on these higher costs could have a significant adverse effect on its operations, financial condition, and cash flow.
The company operates two manufacturing units located in Narela, Delhi, and Alwar, Rajasthan, and relies on these facilities for the production of its products. Any disruption, breakdown, or shutdown at either location could negatively affect its business operations, financial performance, results of operations, and cash flow.
Prime Cable Industries Financials
*All values are in Rs. Cr
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Application Details of Prime Cable Industries IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹78 - 83 | ₹2 - 5 Lakh |
For Prime Cable Industries IPO, eligible investors can apply as Individual investor.