Premier Roadlines Limited IPO
NSE SMEListed On: May 17, 2024 at ₹ 87.0
₹ 134000 /2000 Shares
Check Allotment10 May, 2024
Open Date14 May, 2024
Close Date15 May, 2024
Allotment Date17 May, 2024
Listing DateIssue Price
₹63-67 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
87.0Listing Date
2024-05-17Market Lot
2000 Shares (₹134,000/-)Lead Manager
Hem Securities LimitedIssue Size
6,024,000 shares(aggregating up to ₹40.36 Cr)Retail Portion
35%Subscription
117.65 times
The IPO of Premier Roadlines Limited is priced at ₹63-67 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Maashitla Securities Private Limited is the registrar of the issue.
Premier Roadlines Limited IPO bid opening date is from May 10, 2024 and the bid closing date was May 14, 2024.
Premier Roadlines Limited IPO allotment result will be available on May 15, 2024. The tentative listing date for Premier Roadlines Limited is May 17, 2024.
The total issue size is 6,024,000 shares(aggregating up to ₹40.36 Cr).
Premier Roadlines Limited IPO Subscription 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
EPS Pre IPO
₹3.14/-EPS Post IPO
₹3.05/-P/E Pre IPO
21.32P/E Post IPO
21.95ROE
27.85%ROCE
20.05%Debt/Equity
1.04RoNW
24.45%PAT Margin
5.02Price to Book Value
3.15Premier Roadlines Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.65%
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
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.
Other Details
Premier Roadlines Limited
B-870, Near Church,New Ashok Nagar, New Delhi – 110096Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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. The size of Premier Roadlines Limited IPO is 6,024,000 shares(aggregating up to ₹40.36 Cr).
Ans. The IPO price band is set between ₹63-67 per equity share.
Ans. To apply for Premier Roadlines Limited IPO 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 allotment status for Premier Roadlines Limited IPO here.
