Premier Roadlines Limited IPO
Premier Roadlines Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹63–₹67 per share. The stock debuted at ₹87, delivering a listing gain of 29.9%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,34,000.
Premier Roadlines Limited IPO
- IPO Dates
- May 10, 2024 – May 14, 2024
- Price band
- ₹63-67 per equity share
- Minimum Investment
- ₹1,34,000
- Issue size
- ₹40.36 Cr
- Lot size
- 2000
- Allotment Date
- May 15, 2024
- Listing
- May 17, 2024
- Listing At
- NSE SME
IPO timeline
-
May 10, 2024
Open Date
Completed
-
May 14, 2024
Close Date
Completed
-
May 15, 2024
Allotment Date
Completed
-
May 17, 2024
Listing Date
Completed
Premier Roadlines Limited IPO Essentials
Premier Roadlines Limited IPO Details
Premier Roadlines Limited IPO is priced at ₹63-67 per share with a total issue size of 40.36 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹63-67 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,024,000 shares(aggregating up to ₹40.36 Cr)
- Total issue size
- 60,24,000 shares
(aggregating up to ₹40.36 crore) - Fresh issue
- 60,24,000 shares
(aggregating up to ₹40.36 crore) - Listing at
- NSE SME
- List price
- 87.0
- Listing date
- Registrar
- Maashitla Securities Private Limited
- Lead manager
-
Hem Securities 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 reservation details show category-wise allocation of shares. Out of the total 6,024,000 shares, approximately 18.99% are reserved for QIB, 14.24% for NII, 33.27% for retail investors, 5.05% for market maker, and 28.45% for 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 Analytics
Premier Roadlines Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Premier Roadlines Limited IPO Subscription Status
Premier Roadlines Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹3.14/-
- EPS Post IPO
- ₹3.05/-
- P/E Pre IPO
- 21.32
- P/E Post IPO
- 21.95
Returns
- ROE
- 27.85%
- ROCE
- 20.05%
- RoNW
- 24.45%
- PAT Margin
- 5.02
Fundamentals
- Debt / Equity
- 1.04
- Price / Book
- 3.15
Premier Roadlines Limited Financials( In Lakhs)
| 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 |
Premier Roadlines Limited Company & Offer Insights
About Premier Roadlines Limited
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 are the company's promoters of Premier Roadlines Limited.
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 Information
Contact Details
Premier Roadlines Limited
+91-11- 4401 5000
B-870, Near Church,New Ashok Nagar, New Delhi – 110096
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Premier Roadlines Limited IPO is a book-built IPO worth ₹40.36 crore. The price band is ₹63–₹67 per share. The IPO opens on May 10, 2024 and closes on May 14, 2024. It will be listed on NSE SME Platform. Maashitla Securities Private Limited is the registrar.
The price band of Premier Roadlines Limited IPO is ₹63 to ₹67 per share.
The lot size of Premier Roadlines Limited IPO is 2000 shares.
The minimum investment for Premier Roadlines Limited IPO is approximately ₹1,34,000 based on the upper price band .
Premier Roadlines Limited IPO opens on May 10, 2024 and closes on May 14, 2024.
The allotment date of Premier Roadlines Limited IPO is May 15, 2024.
Premier Roadlines Limited IPO is expected to be listed on May 17, 2024, on NSE SME Platform.
Premier Roadlines Limited IPO valuation snapshot: P/E 21.95, EPS ₹3.05/-, P/B 3.15, RoNW 24.45%, and market cap N/A.
To apply for Premier Roadlines Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Premier Roadlines Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Premier Roadlines Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Premier Roadlines Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Premier Roadlines Limited IPO allotment status on IPO Ji for quick and easy access.