Prime Cable Industries IPO Subscribed 0.41x on Day 1
The Prime Cable Industries IPO saw a moderate response on its opening day, recording a total subscription of 0.41 times as of 5:00 PM on September 22, 2025.
The company received 13,05,600 bids against an overall issue size of 32,06,400 shares on Day 1, reflecting a steady but cautious investor interest at launch.
Founded in 1997 as a proprietorship firm, Prime Cable Industries Limited has evolved into a recognized manufacturer of high-quality wires and cables. Over time, the company transitioned to a corporate entity under the name Trusted Cables Industries Limited before rebranding as Prime Cable Industries Limited to better represent its flagship brand identity.
The company markets its products primarily under the “PRIMECAB” and “RENUFO” brands, both of which have gained credibility in the electrical and power infrastructure sectors. Its extensive product range includes:
All manufacturing takes place in in-house facilities, where the focus remains on quality, innovation, and consistent supply to meet industry demands. The company serves multiple sectors, including power generation and distribution, oil & gas, mining, steel, and real estate, ensuring a diverse customer base.
With an unwavering commitment to quality, every product carries the ISI mark, signifying compliance with the Indian Standards Institute specifications. This quality assurance has allowed Prime Cable to strengthen relationships with both government utilities and private sector clients.
Prime Cable Industries credits its skilled workforce and experienced management team for its growth and resilience in a competitive market. The team combines deep industry knowledge with forward-looking business strategies, ensuring the company’s ability to adapt to technological advancements and rising infrastructure demands.
The company has also been focusing on capacity expansion and modernization to meet growing market needs, including exploring opportunities in renewable energy projects where high-performance cabling is critical.
While the IPO document primarily highlights subscription numbers, the company’s recent operational performance reflects steady revenue growth and a healthy order pipeline, driven by increasing infrastructure development in India and the government’s emphasis on power distribution upgrades.
As of Monday, September 22, 2025, the Prime Cable Industries IPO GMP stood at ₹2, implying that the shares were trading at ₹85 in the grey market—just ₹2 above the issue price of ₹83. Although the premium is modest, it reflects early interest among small investors and traders monitoring the cable sector’s growth potential.
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