Prime Cable Industries IPO Subscription Status
Prime Cable Industries IPO subscribed over 0.95x on its Second day till 05.00 PM on 23rd September 2025.
- Prime Cable Industries IPO subscription QIB investors’ portion is 1.12x times, while NII subscribed 1.13x times, and RII investors subscribed 0.77x times.
- The company has received bids for 30,30,400 shares against 32,06,400 shares on offer on the Second day.
- Prime Cable Industries IPO subscribed over 0.95x times on day 2.
- Prime Cable Industries IPO subscribed over 0.41x times on day 1.
About the Prime Cable Industries IPO
Prime Cable Industries Limited was established in 1997 as a proprietorship firm. After that, the firm became Trusted Cables Industries Limited, which is a manufacturer of 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.
With a strong focus on quality, all of the company’s products are ISI-marked, which ensures that they meet the high standards set by the Indian Standards Institute.
Their past, present, and future success depend on their skilled and experienced team because they have strong business ideas and knowledge.
Prime Cable Industries IPO GMP
Prime Cable Industries IPO GMP was ₹5 as of Tuesday, 23rd September. That indicates the IPO is trading at ₹88 with a ₹5 premium in the grey market against the issue price of ₹83.
