Prime Cable Industries Limited IPOPRIMECAB

The IPO opens on 22 Sept 2025 & closes on 24 Sept 2025.

The Promoter, Purshotam Singla commenced his journey in 1997 with a sole proprietor concern titled Prime Cable Industries' wherein he started the business of manufacturing and trading of electrical cables and allied items. To expand the business, Purshotam Singla and Vijay Lakshmi Singla incorporated R C Cable Private Limited' in 2008 to continue with manufacturing and trading of cables and wires. Effective April 1, 2009, the business of Prime Cable Industries was acquired and taken over by the Company as a going concern basis. Further, in February 2019, Company's name was changed to Prime Cable Industries Private Limited. Subsequently, both the sons of our Promoters, Purshotam Singla and Vijay Lakshmi Singla i.e. Naman Singla and Nikunj Singla joined the Company as Promoters since October 2018, further contributing to its ongoing growth and expansion. Subsequently, the status of the Company was converted into a public Company and the name was changed from 'Prime Cable Industries Private Limited' to 'Prime Cable Industries Limited' and a fresh certificate of incorporation was issued on December 18, 2024 by the Registrar of Companies, Central Processing Centre. Further, Shreya Jhalani Singla, spouse of Naman Singla, also joined the Company in 2022 and was subsequently appointed as a non-executive director since February 2025 to assist the Company in their expansion plans. The Company started production at Unit II for manufacture of Control Cables, Power Cables etc. in 2024. The experience, expertise, and industry knowledge of Promoters has enabled Company to evolve, diversify and to become an established manufacturer of cables and wires. Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years. It manufacture low voltage (up to 1.1 KV) control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power (transmission, distribution and generation), oil & gas, mining, steel, real estate, electric panel builders, etc. Company is planning to raise capital of Rs 40.10 Crore equity shares having the face value of Rs 5 each, comprising a fresh issue of 35.10 Crore and Rs 5 Crore equity shares via offer for sale.

Prime Cable Industries Limited IPO will close on 24 Sept 2025.

<ul><li>Long standing relationships with distinguished clientele leading to recurring business.</li><li>Vendor Approvals & established Bid-Qualification Requirements (BQR) for Government Tenders.</li><li>Stringent quality measures and adherence to quality standards.</li><li>Experienced and Committed Management Team.</li><li>Unique positioning in the Cables & Wires Market.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Purshotam Singla</td> <td>7290922</td> <td>51.7</td> <td>6689332</td> <td>36.51</td> </tr> <tr> <td>2</td> <td>Naman Singla</td> <td>1944030</td> <td>13.79</td> <td>1944030</td> <td>10.61</td> </tr> <tr> <td>3</td> <td>Nikunj Singla</td> <td>1945306</td> <td>13.79</td> <td>1945306</td> <td>10.62</td> </tr> <tr> <td>4</td> <td>Vijay Lakshmi Singla</td> <td>1332204</td> <td>9.45</td> <td>1332204</td> <td>7.27</td> </tr> <tr> <td>5</td> <td>Shreya Jhalani Singla</td> <td>22000</td> <td>0.16</td> <td>22000</td> <td>0.12</td> </tr> <tr> <td>6</td> <td>Purshotam Singla HUF</td> <td>547302</td> <td>3.88</td> <td>547302</td> <td>2.99</td> </tr> <tr> <td>7</td> <td>Yashna Kathuria</td> <td>22000</td> <td>0.16</td> <td>22000</td> <td>0.12</td> </tr> </tbody> </table>

<ul><li>We depend on the success of our relationships with our customers, specially Government entities and the contracts with such entities are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. We derive a significant portion of our revenue from Government entities directly or through EPC contractors and we do not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from us, our business, financial condition and results of operations may be adversely affected.</li><li>We rely substantially on our top 10 suppliers of raw materials used in our manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials we use in our manufacturing process may have a material adverse effect on our business, financial condition, results of operations and cash flows.</li><li>Any increase or fluctuations in the raw material prices may adversely impact the pricing and supply of our products and have an adverse effect on our business, financial condition, results of operations and cash flows.</li><li>Our business is dependent and will continue to depend on our Manufacturing Units. Any disruption, breakdown or shutdown of our Manufacturing Units may have a material adverse effect on our business, financial condition, results of operations and cash flows.</li><li>The Company does not own the premises in which itsregistered office, corporate office, manufacturing units and the company warehouse are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by property owner could adversely affect its operations.</li><li>The company generate its major portion of sales from the company operations in certain geographical regions especially Bihar, Uttar Pradesh, Madhya Pradesh and Karnataka. Any adverse developments affecting the company operations in these regions could have an adverse impact on the company revenue and results of operations.</li><li>As of March 31, 2025, the company debt-to-equity ratio is significantly high at 2.63. Its have availed a substantial debt amounting to Rs. 5,283.91 as of August 31, 2025. Any inability to service this debt or adhere to the covenants stipulated in the company financing agreements could materially and adversely impact its business operations, financial condition, and overall performance.</li><li>Any changes in international trade policies and increased trade tariffs including possibility of economic or trade sanctions by the U.S. could adversely affect its business, financial condition and results of operations.</li><li>Some of the immediate relatives of the company Promoters, who are deemed to be a part of the Promoter Group under SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed in relation to a member of the Promoter Group in this Red Herring Prospectus.</li><li>The company operate in a labor-intensive industry and are subject to stringent labor laws and any strike, work stoppage or increased wage demand by the company employees or any other kind of disputes with its employees could adversely affect the company business, financial condition, results of operations and cash flows.</li><li>The company are subject to strict quality requirements and any product defect issues or failure by the company or its raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls and exposure to potential product liability claims.</li><li>The company are dependent on the performance of the cables market and any adverse changes in the conditions affecting the cables market can adversely impact its business, financial condition, results of operations, cash flows and prospects.</li><li>The company have significant working capital requirements. If its experience insufficient cash flows to meet the company working capital requirements, its business, results of operations and cashflows could be adversely affected.</li><li>There are outstanding legal proceedings against the Company, Promoters, Directors, Key Managerial Personnels and Senior Management Personnels. Any adverse decision in such proceedings may render its/them liable to liabilities/penalties and may adversely affect the company business, results of operations and financial condition.</li><li>The company are required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business and if the company fail to does so in a timely manner or at all and its business, financial conditions, results of operations, and cash flows may be adversely affected.</li><li>The company propose to use a part of the Net Proceeds of the Offer for setting up of the proposed manufacturing unit however its are yet to place orders for machineries and apply for requisite government approvals. Delay in procurement of the same or if the company are unable to commission its proposed manufacturing unit or unable to adhere to the schedule of implementation, it may adversely affect the company business, financial condition, results of operations.</li><li>The logo used by the Company is not registered under the Trade Marks Act, 1999. Failure to protect its intellectual property rights may adversely affect the company competitive business position, financial condition and profitability.</li><li>The company derive a significant portion of its revenue from operations from the company top ten customers. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations, cash flows and financial condition.</li><li>Under-utilization of the company capacities and an inability to effectively utilize its capacities could have an adverse effect on its business, future prospects and future financial performance. The company inability to accurately forecast demand for its products may have an adverse effect on the company business, results of operations and financial condition.</li><li>The company have issued Equity Shares during the last one year at a price that may be below the Offer Price.</li><li>The company expansion plans are subject to the risk of unanticipated delays in implementation and cost overruns. If its are unable to implement the expansion plans at the planned cost, it could materially and adversely impact the company business, results of operations and financial condition.</li><li>The company success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnels and Senior Management Personnels as well as the company ability to attract and retain personnel with technical expertise. Its inability to retain the company Promoters, Directors, Key Managerial Personnels and Senior Management Personnels or its inability to attract and retain other personnel with technical expertise could adversely affect the company business, results of operations and financial condition.</li><li>The company annual revenue is subject to variations on quarterly basis that could result in fluctuations in the company results of operations in a single financial year over different quarter.</li><li>The company are unable to trace some of the historical records of its Company pertaining to RoC compliance for past periods. The company cannot assure you that legal proceedings or regulatory actions will not be initiated against its Company in future in relation to such untraceable records.</li><li>There have been instances of discrepancies/errors/delayed filings and statutory non-compliances in the past. Th company may be subject to legal proceedings or regulatory actions by statutory authorities and its business, financial condition and reputation may be adversely affected.</li><li>There have been instances of non-payment and delay in payment of statutory dues in the past under the statutory provisions of the Central Goods and Services Tax Act, 2017, the Employees Provident Funds and Miscellaneous Provisions Act, 1952 and the Employees State Insurance Act, 1948. Such non-compliance and delayed compliance may attract penalties against the Company which could impact the financial position of its to that extent.</li><li>The auditor's report on the company financial statements for the Financial Year 2024 has been modified.</li><li>The company have had negative cash flows from operating activities and investing activities in the past and may, in the future, experience similar negative cash flows.</li><li>The company have certain contingent liabilities and commitments, which, if they materialize, may adversely affect its results of operations, financial condition and cash flows.</li><li>The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.</li><li>The company have significant power and fuel requirements and any disruption to power sources could increase its production costs and adversely affect the company results of operations and cash flows.</li><li>The company have incurred indebtedness, and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.</li><li>In case its default in any of the company outstanding borrowings, its may not be able to declare or issue dividends, without the approval of the company lenders. The banks may change the applicable banking policies, increase interest rates or levy penal interest for non-compliances, if any. There have been no instances in the past of non-compliance with respect to repayment or other covenants in the company financing agreements. Inability to effectively service its borrowings, comply with or obtain waivers of applicable loan covenants, as the case may be, may adversely affect its business, results of operations and financial conditions. The Company has availed unsecured loans, which may be recalled on demand.</li><li>Failure to manage the company inventory could have an adverse effect on its net sales, profitability, cash flow and liquidity.</li><li>The Company is dependent on third party transportation providers, with whom its have no formal arrangements, for the delivery of the company finished goods and any disruption in their operations or a decrease in the quality of their services or an increase in the transportation costs could adversely affect the Company's reputation and results of operations.</li><li>The company may not be able to derive the desired benefits from its product development efforts. Commercialization and market development of new products and existing product may take longer time than expected and / or may involve unforeseen business risks.</li><li>The company failure to keep its technical knowledge confidential could erode the company competitive advantage.</li><li>Some of the company Promoters have extended personal guarantees with respect to loan facilities availed by its Company and have provided collateral security for loan facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such property may adversely affect its business operations and financial condition.</li><li>The company insurance coverage may not be adequate to protect its against all potential losses, which may have a material adverse effect on the company business, financial condition, cash flows and results of operations.</li><li>The company growth strategy to enter international markets may expose its to certain risks.</li><li>Orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on the company business, financial condition and results of operations. Further any defaults or delays in payment by a significant portion of its customers, may have an adverse effect on cash flows, results of operations and financial condition.</li><li>Any increase in interest rates would have an adverse effect on the company results of operations and will expose its Company to interest rate risks.</li><li>Change in technology, evolving customer requirements and emerging industry trends may affect the company business, may render its current technologies obsolete and may require the company to make substantial capital investments.</li><li>Brand recognition is important to the success of the company business, and its inability to build and maintain the company brand names will harm its business, financial condition and results of operation.</li><li>The Company will not receive any proceeds from the Offer for Sale portion of the Offer.</li><li>The company does not have an information security and disaster recovery system in place. Further any failure or disruption of its IT systems may adversely affect the company business, results of operations and financial condition.</li><li>The company operate in competitive markets and its inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect its results of operations.</li><li>The Company's failure to maintain the quality standards of its products or keep pace with the technological developments could adversely impact the company business, results of operations and financial condition.</li><li>Fraud, theft, employee negligence or similar incidents may adversely affect the company results of operations and financial condition.</li><li>The company employees may engage in misconduct or other improper activities, including noncompliance with regulatory standards and requirements.</li><li>The company relies on contract manpower for carrying out certain of the company operations and its may be held responsible for paying the salary of such manpower, if the independent contractors through whom such manpower are hired default on their obligations, and such obligations could have an adverse effect on the company results of operations and financial condition.</li><li>A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company. Accordingly, the utilization of Net Proceeds will not result in creation of any assets.</li><li>Increasing employee compensation in India may erode some of the company competitive advantage and may reduce its profit margins, which may have a material adverse effect on the company business, financial condition, cash flows and results of operations.</li><li>The company are primarily dependent upon Delhi and Rajasthan for procurement of raw materials. Any disruption in the supply of these raw materials could have a material adverse effect on its business operations and financial conditions.</li><li>Information relating to the company production capacities and the historical capacity utilization of its production facilities included in this Red Herring Prospectus is based on certain assumptions and estimates by independent chartered engineer and has been subjected to rounding off, and future production and capacity utilization may vary.</li><li>The company have not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company have not identified any alternate source of financing the `Objects of the Offer. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.</li><li>The company ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.</li><li>Any delays in the schedule of implementation of the company proposed objects or changes in the estimated project cost could have an adverse impact on its business, financial condition and results of operations.</li><li>Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.</li><li>The company funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.</li><li>The company inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company business.</li><li>The company actual results could differ from the estimates and projections used to prepare its financial statements.</li><li>The average cost of acquisition of Equity Shares by the company Promoters could be lower than the Offer price.</li><li>After the completion of the Offer, the company Promoters will continue to collectively hold substantial shareholding in the Company.</li><li>In the event there is any delay in the completion of the Offer, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Offer which would in turn affect the company revenues and results of operations.</li><li>The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.</li><li>The company Directors may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.</li><li>If the company are unable to establish and maintain an effective internal controls and compliance system, its business and reputation could be adversely affected.</li><li>The company future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Some of the company KMPs are associated with its Company for less than one year.</li><li>None of the company Directors possess experience of being on the board of any listed company.</li><li>The company have not obtained credit ratings and may not be able to access capital to finance its operations and future growth of the company business, which could have a material adverse effect on its business, results of operations, financial condition, cash flows, and future prospects.</li><li>Certain sections of this Red Herring Prospectus contain information from the Ken Research Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.</li><li>The company have in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the industries in which its operate and may not be comparable with financial information of similar nomenclature computed and presented by other companies.</li></ul>

The Issue type of Prime Cable Industries Limited is Book Building - SME.

The minimum application for shares of Prime Cable Industries Limited is 3200.

The total shares issue of Prime Cable Industries Limited is 4820795.

Initial public offer of up to 48,24,000 equity shares of face value of Rs. 5/- each ("Equity Shares") of the company at an offer price of Rs. 83 per equity share (including a share premium of Rs.78 per equity share) for cash, aggregating up to Rs. 40.04 crores ("Offer") comprising a fresh issue of 42,22,400 equity shares aggregating up to to Rs. 35.05 crores (the "Fresh Issue") and an offer for sale of 6,01,600 equity shares by Purshotam Singla ("the Selling Shareholder" or "Promoter Selling Shareholder") ("Offer for Sale") aggregating up to to Rs. 4.99 crores, out of which 2,41,600 equity shares of face value of Rs. 5 each, at an offer price of Rs. 83 per equity share for cash, aggregating Rs. 2.01 crores will be reserved for subscription by the market maker to the offer ( the " Market Maker Reservation Portion" ). the Offer less market-maker reservation i.e. offer of 45,82,400 equity shares of face value of Re. 5 each, at an offer price of Rs. 83 per equity Share for cash, aggregating up to Rs. 38.04 Crore is hereinafter Referred to as the "Net Offer". the offer will constitute 26.33% and 25.01% Respectively of the post-Offer paid-up Equity share capital of the company. Price Band: Rs.83/- for equity share of face value of Rs.5 each. The floor price is 16.60 times times the face value of the face value of the equity shares. Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.