The Premier Roadlines date has been confirmed from May 10, 2024 and closes on May 14, 2024. Read the post to learn about Premier Roadlines IPO GMP.
Premier Roadlines IPO is a fixed price issue of Rs 40.36 crore. The price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
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Key Details Of Premier Roadlines IPO
Bidding Dates
May 10-14
Price Range
₹63 to ₹67 per share
Face Value
₹10 per share
GMP
₹20
Premier Roadlines IPO GMP
The Premier Roadlines IPO GMP is ₹20.
IPO Overview
The Premier Roadlines IPO is a book-built issuance worth Rs 40.36 crores. The offering is wholly new, totaling 60.24 lakh shares. Premier Roadlines’ initial public offering (IPO) begins subscriptions on May 10, 2024 and ends on May 14, 2024. The allotment for the Premier Roadlines IPO is expected to be completed on Wednesday, May 15, 2024. Premier Roadlines’ IPO will be listed on NSE SME, with a tentative listing date of Friday, May 17, 2024.
The Premier Roadlines IPO pricing range is established at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹134,000. The minimum investment for HNI is 2 lots (4,000 shares) worth ₹268,000.
Premier Roadlines IPO Details
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 22,862,547 |
| Share holding post issue | 28,886,547 |
| Market Maker portion | 304,000 shares |
Premier Roadlines Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,444.46 | 7,410.76 | 5,144.62 | 4,578.82 |
| Revenue | 9,639.60 | 19,205.60 | 13,868.81 | 9,415.78 |
| Profit After Tax | 440.80 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3,143.97 | 2,703.17 | 1,984.67 | 1,596.07 |
| Reserves and Surplus | 2,990.89 | 2,550.09 | 1,831.59 | 1,442.99 |
| Total Borrowing | 3,509.01 | 3,677.26 | 2,354.82 | 2,379.01 |
| Amount in ₹ Lakhs | ||||
Premier Roadlines IPO Timeline
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Company Profile
Premier Roadlines Limited was established in 2008 and provides logistics solutions to businesses, mostly for land transportation of items weighing between 1 MT and 250 MT. The company provides basic transportation services, project logistics, and oversized/overweight freight transportation throughout India. In the contract logistics segment, the company serves B2B customers who need to transfer big volumes of goods from one location to another in India and neighbouring countries such as Nepal and Bhutan.
Customers come from a variety of industries, including infrastructure, energy, power, oil and gas, mechanical engineering, construction, metallurgy, and renewable energy. These include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Project Limited, G R Infraprojects Ltd, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited.
The company collaborates with third-party suppliers, i.e. small fleet owners and agents, to offer the company with transportation equipment such as container trucks, trailers, hydraulic axles, and so on. The organisation is based in Delhi and operates 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune, among others. As of December 31, 2023, the company employed 204 permanent full-time employees, including senior executives.
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | [email protected] |
| Website | maashitla.com |
Contact Details
| Name | Premier Roadlines Limited |
| Phone number | +91-11- 4401 5000 |
| Email ID | [email protected] |
| Website | prlindia.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Premier Roadlines IPO FAQs
When Premier Roadlines IPO will open?
The Premier Roadlines IPO opens on May 10, 2024 and closes on May 14, 2024.
What is the lot size of Premier Roadlines IPO?
Premier Roadlines IPO lot size is 2000 Shares, and the minimum amount required is ₹134,000.
When is Premier Roadlines IPO allotment?
The finalization of Basis of Allotment for Premier Roadlines IPO will be done on Wednesday, May 15, 2024, and the allotted shares will be credited to your demat account by Thursday, May 16, 2024.
When is Premier Roadlines IPO listing date?
The Premier Roadlines IPO listing date is not yet announced. The tentative date of Premier Roadlines IPO listing is Friday, May 17, 2024.
