Premier Roadlines Limited IPO
NSE SMEListed On: May 17, 2024 at ₹ 87.0
₹ 268000 /4000 Shares
*Min Investment
10 May, 2024
Open Date14 May, 2024
Close Date15 May, 2024
Allotment Date17 May, 2024
Listing DatePremier Roadlines Limited IPO Issue Details
- Issue Price ₹63-67 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 60,24,000 shares(aggregating up to ₹40.36 crore)
- Fresh Share 60,24,000 shares(aggregating up to ₹40.36 crore)
- Listing at NSE SME
- List Price 87.0
- Listing Date 2024-05-17
- Lead Manager Hem Securities Limited
- Registrar Maashitla Securities Private Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,34,000 |
| Retail(max) | 1 | 2000 | ₹1,34,000 |
| NII (min) | 2 | 4,000 | ₹2,68,000 |
Premier Roadlines Limited IPO Reservation
Premier Roadlines Limited IPO offers total 6,024,000 shares. Out of which 1,144,000 (18.99%) allocated to QIB, 858,000 (14.24%) allocated to NII,2,004,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1,714,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,714,000 (28.45%) | |
| Market Maker Shares Offered | 304,000 (5.05%) | |
| QIB Shares Offered | 1,144,000 (18.99%) | |
| NII (HNI) Shares Offered | 858,000 (14.24%) | |
| Retail Shares Offered | 2,004,000 (33.27%) | |
| Total Shares Offered | 6,024,000 (100%) |
Premier Roadlines Limited IPO Details
Premier Roadlines Limited IPO is an SME IPO, priced at ₹63-67 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 60,24,000 equity shares, aggregating up to ₹40.36 crores..
The IPO bidding window is open from May 10, 2024 to May 14, 2024. The allotment is expected to be finalized on May 15, 2024, and the tentative listing date is May 17, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,34,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Hem Finlease Private Limited will act as the market maker for this issue.
Premier Roadlines Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,144,000 / 858,000 | 2,004,000 | 4,006,000 |
Day 1 10-05-24 06:00 PM | 2.18 / 4.77 x | 1.25 x | 1.42 x |
Day 2 13-05-24 06:00 PM | 2.18 / 4.77 x | 10.91 x | 7.05 x |
Day 3 14-05-24 06:00 PM | 89.95 / 180.60 x | 106.50 x | 117.65 x |
Premier Roadlines Limited Valuations
Premier Roadlines Limited Company Financials
| 31-Jan-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 8,699.12 | 7,410.76 | 5,144.62 |
| Revenue | 17,420.71 | 19,205.60 | 13,868.81 |
| Profit After Tax | 874.67 | 718.50 | 388.60 |
| Net Worth | 3,577.83 | 2,703.17 | 1,984.67 |
| Reserves & Surplus | 1,893.98 | 2,550.09 | 1,831.59 |
| Total Borrowing | 3,707.93 | 3,677.26 | 2,354.82 |
About Premier Roadlines Limited Company
Premier Roadlines Limited was established in 2008 and provides logistics solutions to companies, particularly in land transportation of goods between 1 MT and 250 MT.
The company offers general transportation services, project logistics, and oversized/overweight cargo transportation all over India. In the contract logistics segment, the company caters to B2B customers who need to transport large quantities of their goods from one place to another within India and to other neighboring countries like Nepal, Bhutan, etc.
The company's customers belong to infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, renewable energies, etc. This includes KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Project Limited, G R Infraprojects Ltd, Tata Power Solar Systems Limited, Sterlite Power Transmission Limited etc.
The firm engages third party providers, meaning small fleet owners and agents. These agents avail the firm with the required equipment for transportation; including container trucks, trailers, hydraulic axles and so on, to provide its transportation services.
It has 28 branches in Delhi and Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune, etc. As on December 31, 2023, it employed 204 permanent full-time employees, who were senior executives, among others.
Premier Roadlines Limited - Promoter(s)
Virender Gupta
Rakhi Gupta
Samin Gupta
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.65%
Premier Roadlines Limited IPO - Issue Objectives
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
Purchase of vehicle for commercial purposes
To meet working capital requirements
General Corporate Purpose.
Premier Roadlines Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Premier Roadlines Limited | 4.27 | 4.27 | N/A | N/A | 26.58 | N/A | Standalone |
| Vrl Logistics Ltd | 18.8 | 18.8 | N/A | 29.73 | 33.12 | N/A | Standalone |
| Avg Logistics Limited | 7.09 | 7.09 | N/A | 79.61 | 8.76 | N/A | Standalone |
| Ritco Logistics Ltd | 9.94 | 9.94 | N/A | 27.08 | 16.37 | N/A | Standalone |
Notes:
- For Premier Roadlines Limited, the company has taken the Current Market Price as the issue price of equity shares.
- The P/E Ratio is based on the current market price of the respective scrips.
- The EPS and RoNW of the company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
- The RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details
Premier Roadlines Limited
B-870, Near Church,New Ashok Nagar, New Delhi – 110096
+91-11- 4401 5000
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Premier Roadlines Limited IPO - FAQs
Ans. Premier Roadlines Limited IPO is a SME IPO. The issue is priced at ₹63-67 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on May 10, 2024, and closes on May 14, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Premier Roadlines Limited IPO opens on May 10, 2024 and closes on May 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Premier Roadlines Limited IPO is 6,024,000 shares(aggregating up to ₹40.36 Cr).
Ans. The Premier Roadlines Limited IPO price band is set between ₹63-67 per equity share.
Ans. To apply for Premier Roadlines Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Premier Roadlines Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Premier Roadlines Limited IPO is May 15, 2024.
Ans. The Premier Roadlines Limited IPO will be listed on May 17, 2024.
Ans. Follow the steps to check the Premier Roadlines Limited IPO allotment status online.
