Prime Cable Industries IPO Subscription Status

The Prime Cable Industries IPO continued to gain traction on its second day (23 September 2025), reaching an overall subscription of 0.95 times by 5:00 PM.

• Qualified Institutional Buyers (QIB): 1.12x
• Non-Institutional Investors (NII): 1.13x
• Retail Individual Investors (RII): 0.77x

Investors placed bids for 30,30,400 shares against the total offer size of 32,06,400 shares.

Daily Subscription Trend:

• Day 1: 0.41x
• Day 2: 0.95x

The improvement on the second day indicates growing investor interest, especially among institutional and high-net-worth categories.

Company Overview – Prime Cable Industries Limited

Originally established as a proprietorship firm in 1997, Prime Cable Industries has evolved significantly over the decades. It was later restructured as Trusted Cables Industries Limited, and today it stands as a leading manufacturer of wires and cables in India.

The company markets its products under two well-recognized brands: “PRIMECAB” and “RENUFO.”
Their product portfolio includes:

• LT PVC/XLPE Power Cables
• Control Cables
• Aerial Bunched (AB) Cables
• Communication Cables

These products are manufactured in state-of-the-art, company-owned facilities, where the focus is on innovation, quality, and uninterrupted supply. All products are ISI-certified, ensuring adherence to the strict standards set by the Bureau of Indian Standards (BIS).

Prime Cable’s cables cater to a diverse range of sectors including:

• Power generation, transmission, and distribution
• Oil & Gas
• Mining and Steel
• Infrastructure and Real Estate

The company attributes its growth to a highly experienced and skilled workforce, whose technical expertise and forward-thinking strategies have helped the brand earn a trusted position in the market.

Financial Snapshot

While detailed FY25 financials have not yet been publicly released, the company has maintained steady revenue growth over the last three years thanks to rising demand for industrial-grade power and communication cables. Industry trends suggest increasing infrastructure spending and renewable energy projects could further boost future earnings.

Prime Cable Industries IPO Grey Market Premium (GMP)

As of Tuesday, 23 September 2025, the Prime Cable Industries IPO was commanding a GMP of ₹5, indicating that the IPO shares were trading around ₹88 in the grey market—a ₹5 premium over the issue price of ₹83.

This early premium reflects moderate positive sentiment, especially considering the strong interest from institutional investors on Day 2.