Premier Roadlines IPO Date, Details, Allotment and Review

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).

Premier Roadlines IPO Date, Details, Allotment and Review
Premier Roadlines IPO – IPO GMP Today

Premier Roadlines IPO Details

Open DateMay 10, 2024
Close DateMay 14, 2024
Listing DateMay 17, 2024
IPO Size60.24 lakh equity shares aggregating up to ₹40.36 Cr.
Face Value₹10 per share
IPO Price Band₹63 to ₹67 per share
IPO Listing onBSE SME
Lot Size2000 Shares
Retail Quota35% of the total issue share
QBI65% of the total issue share

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 DateMay 10, 2024
IPO Close DateMay 14, 2024
Basis of AllotmentMay 15, 2024
Initiation of RefundsMay 16, 2024
The credit of SharesMay 16, 2024
Listing DateMay 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)

ParticularsFor the Period / Year ended on (₹ in Lakh)
30th September, 202331st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)440.80718.50388.60155.39
Net Worth3143.972703.171984.671596.07

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%.

ParticularsAs of 30 September 2023
EBITDA817.55 Lakh, 8.48%
PAT Margin (in %)4.57%
RoCE (%)15.08%
RoE (%)11.74%
RoNW (%)24.45%
EPS3.14in pre-issue and post-issue EPS is 3.5
PE Ratio21.32 Pre-issue and post-issue is 21.95

Peer Group Comparison with Premier Roadlines Limited

Company NameCurrent Market Price (₹)Face ValueEPSPERoNW (%)Book Value (₹)Total Income Basic/Diluted (₹ In lakhs)
Premier Roadlines Limited[●]104.27[●]26.58%16.0519205.60
Peer Group
VRL Logistics Limited688.201018.8036.6133.12%110.462,66,286.66
AVG Logistics Limited419.70107.0959.208.76%76.2342,989.51
Ritco Logistics Limited266.75109.9426.8416.37%60.7075404.7

Premier Roadlines Limited IPO Registrar

Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura,
New Delhi, 110034, India.
Tel No: +91-11-45121795
Investor Grievance ID:
Contact Person: Mukul Agrawal

Premier Roadlines Limited IPO Book Running Lead Manager

Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India.
Tel. No.: +91- 22- 4906 0000;
Investor Grievance Email:

Premier Roadlines Limited Contact

Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000

Premier Roadlines IPO Application Form PDF

To download the Premier Roadlines IPO application form click on Application Form Download ASBA IPO Forms PDF.


Update Soon.


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.

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