Prime Cable Industries Limited's initial public offering (IPO) has demonstrated strong investor interest through its final day of subscription, with Prime Cable Industries' stock price set at ₹78-83 per share reflecting positive market reception. The ₹40.01 crore IPO reached 8.28 times by 5:19:12 PM on day three.
Prime Cable Industries IPO qualified institutional buyers segment leads with strong 9.91 times subscription, whilst non-institutional investors show strong 9.38 times and individual investors demonstrate strong participation at 6.89 times, whilst anchor investors show complete participation at 1.00 times and market makers show complete participation at 1.00 times.
IPO Subscription Status
Invest in Indian Markets and Unlock Future Potential With 5paisa!Prime Cable Industries IPO subscription reached strong 8.28 times on day three, led by Qualified Institutional Buyers (9.91x), Non-Institutional Investors (9.38x), and Individual Investors (6.89x). Total applications reached 4,165.
| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (September 22) | 0.52 | 0.53 | 0.29 | 0.41 |
| Day 2 (September 23) | 1.12 | 1.13 | 0.78 | 0.95 |
| Day 3 (September 24) | 9.91 | 9.38 | 6.89 | 8.28 |
Here are the subscription details for Prime Cable Industries IPO as of Day 3 (September 24, 2025, 5:19:12 PM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| QIB (Ex Anchor) | 9.91 | 9,15,200 | 90,68,800 | 75.27 |
| Non-Institutional Buyers | 9.38 | 6,88,000 | 64,52,800 | 53.56 |
| Retail Investors | 6.89 | 16,03,200 | 1,10,43,200 | 91.66 |
| Total | 8.28 | 32,06,400 | 2,65,64,800 | 220.49 |
Key Highlights - Day 3:
- Overall subscription reached strong 8.28 times, showing remarkable improvement from day two's 0.95 times with exceptional final-day momentum
- Qualified institutional buyers displaying strong enthusiasm at 9.91 times, building massively from day two's 1.12 times showing sudden institutional confidence
- Non-institutional investors showing strong performance at 9.38 times, building substantially from day two's 1.13 times with bNII segment leading at 10.49 times
- Individual investors demonstrating strong confidence at 6.89 times, building significantly from day two's 0.78 times showing robust retail appetite
- Total applications reached 4,165, with individual investors contributing 3,451 applications indicating substantial retail participation
- Cumulative bid amount reached ₹220.49 crores, representing 551% of the issue size of ₹40.01 crores
- Strong final-day surge across all categories indicates positive sentiment for this SME cable manufacturing IPO
Key Highlights - Day 2:
- Overall subscription reached limited 0.95 times, showing improvement from day one's 0.41 times
- Non-institutional investors showing limited performance at 1.13 times, building from day one's 0.53 times
- Qualified institutional buyers showing limited performance at 1.12 times, building from day one's 0.52 times
- Individual investors displaying limited confidence at 0.78 times, building from day one's 0.29 times
Key Highlights - Day 1:
- Overall subscription reached limited 0.41 times, showing weak initial investor interest in this SME cable IPO
- Qualified institutional buyers showing limited performance at 0.52 times, indicating measured institutional appetite
- Non-institutional investors displaying limited confidence at 0.53 times, showing cautious HNI sentiment
- Individual investors showing limited confidence at 0.29 times, indicating weak initial retail interest
About Prime Cable Industries Ltd.
Prime Cable Industries Limited is an Indian cable manufacturing company established in 1997, producing wires and cables including LT PVC/XLPE Power, Control, and AB Cables under the brand names "PRIMECAB" and "RENUFO," serving various industries including power generation, transmission, oil & gas, and mining with ISI-marked quality products.
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