Contents
- 1 Table of Contents
- 2 Premier Roadlines IPO Details
- 3 Premier Roadlines IPO Date
- 4 Premier Roadlines IPO GMP Today
- 5 Premier Roadlines IPO Subscription Status
- 6 Premier Roadlines Limited IPO Allotment Status
- 7 Know About Premier Roadlines Limited
- 8 Premier Roadlines Limited Promoters Holding
- 9 Objects of the Issue IPO
- 10 Premier Roadlines Limited Financial Report (Restated)
- 11 Key Performance Indicator (KPI) of Premier Roadlines Limited
- 12 Peer Group Comparison with Premier Roadlines Limited
- 13 Review
- 14 FAQs
Premier Roadlines Limited is set to launch its IPO, aiming to raise Rs 40.36 crores through a fresh issue of 60.24 lakh shares. The Premier Roadlines IPO subscription window opens on May 10, 2024, and closes on May 14, 2024, with allotments expected to be finalized on May 15, 2024. The IPO list on NSE SME by May 17, 2024.
Investors can participate in the Premier Roadlines IPO within the price band of ₹63 to ₹67 per share. The minimum application lot size is 2000 shares, requiring a minimum investment of ₹134,000 for retail investors and ₹268,000 for HNIs (2 lots, equivalent to 4,000 shares).
Table of Contents
Premier Roadlines IPO Details
| Open Date | May 10, 2024 |
| Close Date | May 14, 2024 |
| Listing Date | May 17, 2024 |
| IPO Size | 60.24 lakh equity shares aggregating up to ₹40.36 Cr. |
| Face Value | ₹10 per share |
| IPO Price Band | ₹63 to ₹67 per share |
| IPO Listing on | BSE SME |
| Lot Size | 2000 Shares |
| OFS | NA |
| Retail Quota | 35% of the total issue share |
| QBI | 65% of the total issue share |
| HNI |
Premier Roadlines IPO Date
Premier Roadlines IPO opens for subscription on May 10, 2024, and closes on May 14, 2024. Allotment for the IPO is anticipated to be finalized on Wednesday, May 15, 2024.
| IPO Open Date | May 10, 2024 |
| IPO Close Date | May 14, 2024 |
| Basis of Allotment | May 15, 2024 |
| Initiation of Refunds | May 16, 2024 |
| The credit of Shares | May 16, 2024 |
| Listing Date | May 17, 2024 |
Premier Roadlines IPO GMP Today
The Grey Market Premium (GMP) for Premier Roadlines IPO SME IPO has commenced from the first session. However, it’s still too early to ascertain its trajectory. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of Aztec Fluids & Machinery SME IPO’s GMP and the expected listing price. See IPO GMP Live >>
Premier Roadlines IPO Subscription Status
To see Premier Roadlines Limited IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link. The Premier Roadlines Limited IPO subscription window opens on May 10, 2024.
Premier Roadlines Limited IPO Allotment Status
You can check the allotment status for the Premier Roadlines IPO by following these steps. First, click the link MAASHITLA SECURITIES PRIVATE LIMITED Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number.
After entering the required information, click on submit and then you can view the allotment status of the IPO. This process should be done around the expected date of May 15, 2024.
Know About Premier Roadlines Limited
Premier Roadlines Limited, established in 2008, specializes in providing logistics solutions primarily for land transportation of goods ranging from 1 MT to 250 MT.
Premier Roadlines Limited offers services like general transportation, project logistics, and handling oversized cargo across India and neighbouring countries like Nepal and Bhutan.
Their clientele spans various sectors including infrastructure, energy, construction, and more, with notable clients such as KEC International Limited and Tata Power Solar Systems Limited.
The company Premier Roadlines Limited operates through a network of 28 branches across major cities and relies on third-party providers for transportation equipment. Headquartered in Delhi, they employ 204 full-time staff as of December 31, 2023.
Premier Roadlines Limited Promoters Holding
The company’s promoters are Virender Gupta, Rakhi Gupta, and Samin Gupta. They currently hold 100.00% of the shareholding pre-issue.
Objects of the Issue IPO
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our company: Rs. 1500.00 lakhs
- Purchase of vehicle for commercial purpose: Rs. 333.96 lakhs
- To meet working capital requirements
- General Corporate Purpose
Premier Roadlines Limited Financial Report (Restated)
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| 30th September, 2023 | 31st March, 2023 | 31st March, 2022 | 31st March, 2021 | |
| Liabilities | 7444.46 | 7410.76 | 5144.62 | 2,112.81 |
| Assets | 7444.46 | 7410.76 | 5144.62 | 2,112.81 |
| Revenue | 9639.60 | 19205.60 | 13868.81 | 9415.78 |
| PAT (Profit After Tax) | 440.80 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3143.97 | 2703.17 | 1984.67 | 1596.07 |
Key Performance Indicator (KPI) of Premier Roadlines Limited
As of September 30, 2023, Premier Roadlines Limited’s reported revenue of ₹9639.60 lakhs, PAT of ₹440.80 lakhs, and a Net Worth of ₹3143.97 lakhs. Key performance indicators include EBITDA of ₹817.55 lakhs, RoCE of 15.08%, RoE of 11.74%, and RoNW of 24.45%.
| Particulars | As of 30 September 2023 |
| EBITDA | 817.55 Lakh, 8.48% |
| PAT Margin (in %) | 4.57% |
| RoCE (%) | 15.08% |
| RoE (%) | 11.74% |
| RoNW (%) | 24.45% |
| EPS | 3.14in pre-issue and post-issue EPS is 3.5 |
| PE Ratio | 21.32 Pre-issue and post-issue is 21.95 |
Peer Group Comparison with Premier Roadlines Limited
| Company Name | Current Market Price (₹) | Face Value | EPS | PE | RoNW (%) | Book Value (₹) | Total Income Basic/Diluted (₹ In lakhs) |
|---|---|---|---|---|---|---|---|
| Premier Roadlines Limited | [●] | 10 | 4.27 | [●] | 26.58% | 16.05 | 19205.60 |
| Peer Group | |||||||
| VRL Logistics Limited | 688.20 | 10 | 18.80 | 36.61 | 33.12% | 110.46 | 2,66,286.66 |
| AVG Logistics Limited | 419.70 | 10 | 7.09 | 59.20 | 8.76% | 76.23 | 42,989.51 |
| Ritco Logistics Limited | 266.75 | 10 | 9.94 | 26.84 | 16.37% | 60.70 | 75404.7 |
Premier Roadlines Limited IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura,
New Delhi, 110034, India.
Tel No: +91-11-45121795
Email: ipo@maashitla.com
Investor Grievance ID: compliance@maashitla.com
Contact Person: Mukul Agrawal
Website: www.maashitla.com
Premier Roadlines Limited IPO Book Running Lead Manager
HEM SECURITIES LIMITED
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India.
Tel. No.: +91- 22- 4906 0000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Premier Roadlines Limited Contact
Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: http://www.prlindia.com/
Premier Roadlines IPO Application Form PDF
To download the Premier Roadlines IPO application form click on Application Form Download ASBA IPO Forms PDF.
Review
Update Soon.
FAQs
When does the Premier Roadlines IPO subscription window open and close?
The Premier Roadlines IPO subscription window opens on May 10, 2024, and closes on May 14, 2024.
What is the price band of Premier Roadlines IPO?
The price band for the Premier Roadlines IPO is ₹63 to ₹67 per share.
