Prime Cable Industries IPO GMP, Price, Dates, and Allotment – Full Analysis

The Prime Cable Industries IPO GMP is creating a strong buzz in the SME IPO market. Investors are actively tracking its Grey Market Premium (GMP), price band, allotment details, and expected listing gains. In this blog, we provide a detailed analysis of the Prime Cable Industries IPO GMP, along with expert insights to help you decide whether to apply.

IPO Key Highlights

The Prime Cable Industries IPO is a book-build issue looking to raise ₹40.01 crores from the primary market. The issue is a combination of a fresh issue of 42.19 lakh shares (aggregating to ₹35.02 crores) and an offer for sale of 6.01 lakh shares. Here are the essential details at a glance:

Grey Market Premium (GMP)

The Grey Market Premium is an unofficial but closely watched indicator of an IPO's potential listing performance. It reflects the premium investors are willing to pay for the shares before they are officially listed.

As of September 22, 2025, the Prime Cable Industries IPO GMP is reportedly around 3% over the upper price band of ₹83. This suggests a modest premium and indicates limited expectations for listing day gains. For instance, a 3% GMP would imply a potential listing price of approximately ₹85.5.

It is crucial for investors to understand that GMP is highly volatile and can change rapidly based on market sentiment, demand for the IPO, and overall market conditions. A positive GMP signals a potential for a listing gain, whereas a negative GMP suggests a possible listing at a discount. Tracking the live Prime Cable Industries IPO GMP trend until the closing date is advisable to gauge investor interest.

Company Overview

Incorporated in 1997, Prime Cable Industries Limited manufactures a wide range of ISI-marked wires and cables under its well-known brands, "PRIMECAB" and "RENUFO". Its product portfolio includes low-tension PVC and XLPE power cables, control and communication cables, and aerial bunched cables.

The company serves a diverse set of industries, including power generation and distribution, oil & gas, mining, steel, and real estate. A significant portion of its business comes from government entities and EPC contractors, highlighting its adherence to stringent quality standards.

Financial Performance:

The company has demonstrated remarkable financial growth.

• FY2023 Revenue: ₹73.73 Crores

• FY2024 Revenue: ₹82.74 Crores

• FY2025 Revenue: ₹141.10 Crores (a 71% year-on-year growth)

Profit After Tax (PAT) has shown an even more impressive surge, growing over fourfold from ₹1.79 crores in FY24 to ₹7.50 crores in FY25.

Strengths:

• Strong and accelerating revenue and profit growth.

• Established brands with ISI certification, ensuring quality.

• Diverse client base across critical sectors.

• Experienced management team.

Allotment and Listing Details

Allotment: The basis of allotment for the Prime Cable Industries IPO is expected to be finalized on Thursday, September 25, 2025. For an oversubscribed SME IPO, the allotment is conducted through a lottery system for retail investors. You can check your allotment status on the official website of the registrar, Skyline Financial Services Pvt. Ltd., by providing your PAN, Application Number, or DP/Client ID.

Listing: The shares are scheduled to be listed on the NSE SME platform on Monday, September 29, 2025.

Expert Verdict: Pros and Cons

Here is a balanced view to help investors make an informed decision:

Pros:

1. Exceptional Financial Growth: The company's recent surge in revenue and profitability is a major attraction.

2. Reasonable Valuation: With a post-IPO P/E ratio of around 20.26x based on FY25 earnings, the valuation appears fair compared to industry peers.

3. Strong Industry Tailwinds: The Indian cables and wires sector is projected to grow robustly, driven by government spending on infrastructure and renewable energy.

4. Established Market Position: Long-standing client relationships and vendor approvals across multiple states provide a competitive edge.

Cons:

1. High Debt-to-Equity Ratio: As of March 31, 2025, the company's debt-to-equity ratio was significantly high at 2.63, which is a key risk factor.

2. Dependence on Raw Material Prices: The business is vulnerable to fluctuations in the prices of key raw materials like copper and aluminum.

3. SME IPO Risks: Investments in SME IPOs are inherently riskier due to lower liquidity, higher volatility, and less stringent regulatory oversight.

4. Modest GMP: The current Prime Cable Industries IPO GMP suggests limited potential for immediate listing gains, which might deter short-term investors.

Conclusion: The Prime Cable Industries IPO GMP is an important indicator for investors planning to participate in this SME IPO. While the company's phenomenal growth and fair valuation are compelling, the high debt and inherent risks of SME stocks warrant caution. Investors with a higher risk appetite and a long-term perspective may find this IPO an attractive opportunity to invest in a growing player in the cable industry. Stay updated on Finowings for the latest IPO GMP and allotment news.

Top 10 FAQs for the Prime Cable Industries IPO GMP

1. What is the current GMP of the Prime Cable Industries IPO?
   As of September 22, 2025, the GMP is around 3%, indicating a modest premium over the issue price. This figure is subject to change.
   
   

2. What does the Prime Cable Industries IPO GMP signify?
   It indicates the estimated premium at which the shares might list on the stock exchange. A positive GMP suggests a potential listing gain.
   
   

3. What are the IPO dates and price band?
   The IPO is open from September 22 to September 24, 2025, with a price band of ₹78 to ₹83 per share.
   
   

4. How can I apply for the Prime Cable Industries IPO?
   You can apply through your stockbroker's platform using UPI or ASBA. The minimum application is for one lot of 1,600 shares.
   
   

5. When will the shares be allotted and listed?
   The tentative allotment date is September 25, 2025, and the listing is scheduled for September 29, 2025, on the NSE SME platform.
   
   

6. How can I check my allotment status?
   You can check the allotment status on the website of the registrar, Skyline Financial Services Pvt. Ltd., once it is announced.
   
   

7. What business is Prime Cable Industries in?
   The company manufactures and sells a variety of ISI-certified low-voltage cables and wires under the brands "PRIMECAB" and "RENUFO".
   
   

8. What is the expected listing price based on the current GMP?
   With an upper price band of ₹83 and a GMP of 3%, the expected listing price is around ₹85.5 per share.

9. What are the biggest risks of investing in this IPO?
   The primary risks include a high debt-to-equity ratio, dependency on volatile raw material prices, and the inherent risks of illiquidity and volatility associated with SME stocks.
   
   

10. Is it worth applying for the Prime Cable Industries IPO?
    The decision depends on your risk profile. The company has strong fundamentals but also significant risks. It seems more suitable for long-term investors rather than those seeking quick listing gains, given the current modest GMP.