Prime Cable Industries came to market through an SME IPO that opened on 22 September 2025 and closed on 24 September 2025, and the shares listed on 29 September 2025 on NSE SME. The price band was ₹78 to ₹83 per share and one lot was 1600 shares, so the minimum application was ₹1,32,800. The issue size was ₹40.01 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Skyline Financial Services Pvt.Ltd was the registrar to the issue, and Indorient Financial Services Ltd was the lead manager.
As of 24 September 2025.
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Prime Cable Industries Limited is a company based in India, famous for manufacturing diverse wires and cables such as LT PVC/XLPE Power, Control, and AB Cables under the labels "PRIMECAB" and "RENUFO. Prime Cable Industries Limited came into existence in the year 1997 as a proprietorship firm and has expanded to cater to several industries, including the power generation, transmission & distribution, oil & gas, and others. They specialize in ISI-marked, quality-approved products.
The company produces and provides a wide variety of cables, such as control, power, aerial bunched, and communication cables. The company caters to different industries, such as power, oil & gas, mining, steel, and real estate. The products of the company are ISI-marked (Indian Standards Institute) quality cables and wires. As of April 30, 2025, the company employed 144 people in different departments.
As described in the offer document.
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Purshotam Singla, Vijay Lakshmi Singla, Nikunj Singla, Naman Singla, Shreya Jhalani Singla. Promoter holding 92.93% before the issue and 68.24% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Prime Cable Industries IPO was a ₹40.01 crore book-built issue, comprising a fresh issue of ₹35.02 crore and an offer for sale of ₹4.99 crore. It was priced at ₹78–₹83 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,65,600). The IPO was open from September 22 to September 24, 2025 and was subscribed 8.36x.
Shares listed on NSE SME on September 29, 2025 at ₹81, a 2.4% discount to the issue price of ₹83. Skyline Financial Services Pvt. Ltd. is the registrar. Indorient Financial Services Ltd. is the book running lead manager.
The price band of Prime Cable Industries IPO is ₹78 to ₹83 per share.
The lot size of Prime Cable Industries IPO is 1600 shares.
The minimum investment for Prime Cable Industries IPO is approximately ₹2,65,600 based on the upper price band.
The allotment date of Prime Cable Industries IPO is Sep 25, 2025.
You can check Prime Cable Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Prime Cable Industries IPO allotment status on Rupix for quick and easy access.
₹78 to ₹83 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,32,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,32,800, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 September 2025 and closed on 24 September 2025.
The basis of allotment was published on 25 September 2025 by Skyline Financial Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 September 2025 on NSE SME.
The issue size was ₹40.01 crore. The fresh issue was 42,19,200 shares (aggregating up to ₹35.02 crore). The offer for sale was 6,01,600 shares (aggregating up to ₹4.99 crore).