On the last day, the Prime Cable Industries IPO was subscribed 8.28 times overall, the retail quota 6.89 times, the QIB 9.91 times, and the NII quota 9.38 times, respectively.
Details About Prime Cable Industries IPO
Prime Cable Industries got approval from SEBI for an IPO of ₹40.01 crores. This IPO consists of a fresh issue of ₹35.02 crores and offer for sale up to 6,01,600 equity shares with face value of ₹5 each. Moreover, the company has set up a price band between ₹78 to ₹83 per share.
In this IPO, a total of 3,200 shares were available in 2 lot sizes for the minimum Retail category and for the maximum retail category. While S-HNI (Min) total of 4,800 shares in a 3-lot size, and for the max S-HNI, 11,200 shares in a 7-lot size.
B-HNI minimum 12,800 shares were available in 8 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,65,600 and maximum investment of ₹2,65,600.
- Small HNI (S-HNI): Minimum investment of ₹3,98,400.
- Small HNI (S-HNI): Maximum Investment of ₹9,29,600.
- B-HNI: Minimum investment of ₹10,62,400.
Subscription Duration of the Prime Cable Industries IPO
The Prime Cable Industries IPO opening date was September 22, 2025, and the closing date was September 24, 2025.
The allotment of Prime Cable Industries was finalized on September 25, 2025, while the IPO listing is on September 29, 2025.
About Prime Cable Industries IPO
Prime Cable Industries Limited started in 1997 as a proprietorship firm. Later, it changed its name to Trusted Cables Industries Limited. The company makes wires and cables.
Moreover, the company sells its products under the brand “PRIMECAB” and “ RENUFO”. They provide products like LT PVC/XLPE Power Cables, Control Cables, Aerial Bunched (AB) Cables, and Communication Cables.
Additionally, their products are being made in their own factories, wherein quality, innovation, and steady supply are the main goals. They provide their products to power generation, transmission, and distribution, oil & gas, mining, steel, and real estate.
