Premier Roadlines IPO Details: Premier Roadlines is gearing up for an exciting milestone as they announce the dates for their upcoming IPO. Scheduled to kick off on May 10th and run through May 14th, this eagerly anticipated event aims to raise ₹40.36 crores. Investors will have the opportunity to participate in this NSE SME IPO, with a price band set between ₹63 to ₹67 per share, and a market lot comprising 2000 shares.
Specializing in comprehensive logistics solutions, Premier Roadlines caters to businesses across various industries, specializing in surface transportation of goods ranging from 1 MT to 250 MT. Their offerings span from general transport services to project logistics, handling over-dimensional and overweight cargo movements on a Pan India basis. The company prides itself on its point-to-point services, ensuring seamless delivery from the customer’s premises to the specified destination.
Their clientele primarily consists of B2B customers under the Contract Logistics division, who rely on Premier Roadlines to transport bulk quantities of goods within India and neighboring countries like Nepal and Bhutan. Impressively, in the fiscal year 2022-23 alone, Premier Roadlines fulfilled over 26,000 orders across India.
Premier Roadlines operates through a network of third-party operators, including small fleet owners and agents, who provide essential transportation facilities such as containerized trucks and hydraulic axles. Leveraging a centralized information technology network, they enable real-time monitoring of operations, consignment bookings, and delivery statuses.
With their headquarters in Delhi and 28 branch offices strategically positioned across India, including major cities like Ahmedabad, Bengaluru, and Mumbai, Premier Roadlines boasts an extensive transportation network. Some of their esteemed clients include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, and Tata Power Solar Systems Limited, among others.
Premier Roadlines IPO Objectives:
The company intends to utilize the proceeds of the Issue to meet the following 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; and
- General Corporate Purpose.
Premier Roadlines IPO Review (Apply or Not)
- May Apply
Premier Roadlines IPO Date & Price Band Details:
| IPO Open: | 10-May-2024 |
| IPO Close: | 14-May-2024 |
| IPO Size: | Approx ₹40.36 Crores, 6,024,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹63 to ₹67 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Premier Roadlines IPO Lot Size:
Investors looking to participate in the Premier Roadlines IPO should take note that the minimum market lot comprises 2000 shares, requiring an application amount of ₹134,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹134,000 |
| Retail Maximum | 1 | 2000 | ₹134,000 |
| S-HNI Minimum | 2 | 4000 | ₹268,000 |
Premier Roadlines IPO Timeline:
Mark your calendars! The Premier Roadlines IPO is set to open its doors on May 10th, welcoming investors until May 14th. If you’re eager to know your allotment status, keep an eye out for May 15th. And if all goes as planned, you can expect the IPO to hit the market on May 17th.
| IPO Open Date: | 10-May-2024 |
| IPO Close Date: | 14-May-2024 |
| Basis of Allotment: | 15-May-2024 |
| Refunds: | 16-May-2024 |
| Credit to Demat Account: | 16-May-2024 |
| IPO Listing Date: | 17-May-2024 |
Premier Roadlines IPO GMP Today:
As of the latest update, the last Grey Market Premium (GMP) for the Premier Roadlines SME IPO stands at ₹30. Considering the price band of ₹67.00, analysts estimate the IPO’s listing price to be around ₹97 (the cap price plus today’s GMP). This projection suggests a potential gain or loss per share of approximately 44.78%.
Premier Roadlines Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹94.16 | ₹91.99 | ₹1.55 |
| 2022 | ₹138.69 | ₹133.46 | ₹3.89 |
| 2023 | ₹192.06 | ₹182.40 | ₹7.19 |
| September 2023 | ₹96.40 | ₹90.31 | ₹4.41 |
Premier Roadlines IPO Valuation – FY2023
Check Premier Roadlines IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.27 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 26.58% |
| Net Asset Value (NAV): | ₹16.05 per Equity Share |
Peer Group
- VRL Logistics Limited
- AVG Logistics Limited
- Ritco Logistics Limited
Company Promoters
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Premier Roadlines IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/
Premier Roadlines IPO Allotment Status
Check Premier Roadlines IPO allotment status on Maashitla Securities website URL. Click Here
Premier Roadlines IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
