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Prime Cable Industries Limited
CablesIPOSME
₹83 - 83
Our Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years. We 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. We are an ISO and BIS certified company which manufacture and sell cables primarily under our brand i.e. "PRIMECAB" and "RENUFO".
Lot1,600Min Invest₹2,65,600Face Value₹5Issue Size₹40 CrFresh Issue₹35 CrOffer for Sale₹5 CrListing Price₹81CMP₹170
Timeline
22 Sept
Bidding opens
24 Sept
Bidding closes
25 Sept
Allotment
26 Sept
Refund & demat credit
29 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹40 Cr0.48 Cr shares
Fresh Issue₹35 Cr
Offer for Sale₹5 Cr
Face Value₹5
Lot Size1,600 shares
ReservationQIB 49.97% · NII 15.02% · RETAIL 35.01%
Application Sizes
Retail₹2,65,6001-1 lots
sNII₹2,65,600from 2 lots
bNII₹10,62,400from 8 lots
Managers & Registrar
Lead ManagerIndorient Financial Services Limited
RegistrarSkyline Financial Services Pvt
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPurshotam SinglaPRMTR6,01,5904.99Total6,01,5904.99
Shareholding
CategoryPre IPOPost IPOPromoter Group92.93%68.24%Public7.07%31.76%
Objects of the Issue
- Setting up a new factory to manufacture Medium Voltage (Up to 33 KV) Cables & Covered Conductors
- Repayment of the Term loan of the certain debt Facilities
- Working Capital Requirement
- General Corporate Purposes*
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 54 | 74 | 83 | 141 | 235 |
| Operating ProfitCr | 2 | 3 | 5 | 15 | 23 |
| OPM% | 3.6 | 3.9 | 5.6 | 10.4 | 10.0 |
| PBTCr | 1 | 1 | 2 | 10 | 17 |
| PATCr | 0 | 0 | 2 | 7 | 12 |
| EPS | 0 | 0 | 1 | 5 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 7 | 9 |
| ReservesCr | 5 | 5 | 6 | 8 | 52 |
| BorrowingsCr | 16 | 23 | 33 | 38 | 52 |
| Total AssetsCr | 31 | 39 | 48 | 92 | 165 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -4 | -1 | 1 | 3 | -13 |
| Investing Cash FlowCr | -1 | -3 | -8 | -6 | -20 |
| Financing Cash FlowCr | 5 | 4 | 7 | 2 | 43 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 10 |
Strengths & Risks
Strengths · as stated in the DRHP
- Long standing relationships with distinguished clientele leading to recurring business.
- Vendor Approvals & established Bid-Qualification Requirements (BQR) for Government Tenders.
- Stringent quality measures and adherence to quality standards.
- Experienced and Committed Management Team.
- Unique positioning in the Cables & Wires Market.
Strategies · as stated in the DRHP
- Broaden our marketing base and increasing our geographical reach.
- Continue to focus on diversifying our product portfolio.
Risks · as stated in the DRHP
- The company depend on the success of its relationships with its customers, specially Government entities and the contracts with such entities are typically awarded to the company's on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company derives a significant portion of the company's revenue from Government entities directly or through EPC contractors and the company does not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from it, the company's business, financial condition and results of operations may be adversely affected.
- The company relies substantially on the company's top 10 suppliers of raw materials used in the company's manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials the company use in the company's manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Any increase or fluctuations in the raw material prices may adversely impact the pricing and supply of the company's products and have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company's business is dependent and will continue to depend on its Manufacturing Units. Any disruption, breakdown or shutdown of the company's Manufacturing Units may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- 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.
- 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.