IPO Issue Details
Issue Price / Price Band₹67 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size60,24,000 shares (aggregating up to ₹40.36 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 10 May 2024
Subscription CloseTue, 14 May 2024
Anchor AllotmentThu, 09 May 2024
Basis of AllotmentWed, 15 May 2024
Initiation of RefundsThu, 16 May 2024
Credit of Shares to DematThu, 16 May 2024
Listing DateFri, 17 May 2024
UPI Mandate Deadline2025-05-14
Application & Investment Details
Retail — Min (1 Lots)₹1,34,000 — 2,000 shares
Retail — Max (13 Lots)₹1,742,000 (13 Lots)
HNI — Min (2 Lots)₹2,68,000 — 4,000 shares
EPS (Pre-IPO)₹4.27
EPS (Post-IPO)₹4.59
P/E Ratio (Pre-IPO)15.7x
P/E Ratio (Post-IPO)14.59x
Net Offer to Public57,20,000 shares (aggregating up to ₹38.32 Cr)
Reserved for Market Maker3,04,000 shares (aggregating up to ₹2.04 Cr)
Pre-IPO Promoter Holding1,68,38,547 shares
Post-IPO Promoter Holding2,28,62,547 shares
About Premier Roadlines Ltd
Premier Roadlines Limited was founded in 2008 and offers logistics solutions for companies, especially for land transportation of goods between 1 MT and 250 MT.The company offers general transportation services, project logistics, and oversized/overweight cargo transportation across 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 come from sectors such as infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, renewable energies, etc. These include 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.For the provision of transportation services, the company works with third-party providers, i.e. small fleet owners and agents who provide the company with the necessary transportation equipment, such as container trucks, trailers, hydraulic axles, etc.The company is headquartered in Delhi and has 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, etc. As at December 31, 2023, the company had 204 permanent full-time employees, including senior executives.
Objects of the Issue
Premier Roadlines Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company;
2
Purchase of vehicle for commercial purposes;
3
To meet working capital requirements; and
4
General Corporate Purpose.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,68,38,547 shares
Post-IPO Promoter Holding
2,28,62,547 shares