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Premier Roadlines Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹67
Per Share
GMP
NIL
Grey Market
Est. Listing
₹67
Expected Price
Min. Application
₹268,000
2 lots × 2000 shares
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
Check AllotmentCheck Status →
Premier Roadlines Ltd — Live Price LIVE
₹67.00
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Issue ₹67.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹67
GMPNIL
Est. Listing₹67
Lot Size2,000 shares
Min Amount₹268,000
Listing Date17 May 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹67
Listing Date17 May 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 304,000 ₹2.04 Cr
TOTAL 6,024,000 100.00% ₹40.36 Cr
* Based on ₹67.00 (upper price band)
Lot Size & Investment Details
Lot Size
2,000
Shares
Issue Price
₹67.00
Per Share
Min Investment
₹134,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 2,000 ₹134,000
Retail (Max) 13 26,000 ₹1,742,000
sNII (Min) 14 28,000 ₹1,876,000
bNII (Min) 68 136,000 ₹9,112,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Jan 202431 Mar 202331 Mar 2022
Revenue from Operations 17420.71 19205.60 13868.81
EBITDA N/A N/A N/A
Profit After Tax (PAT) 874.67 718.50 388.60
Net Worth 3577.83 2703.17 1984.67
Total Assets 8699.12 7410.76 5144.62
Reserves & Surplus 1893.98 2550.09 1831.59
Total Borrowings 3707.93 3677.26 2354.82
Key Ratios & Valuation
Issue Price ₹67
Face Value ₹10 Per Share
P/BV 3.15
RoE 27.85%
RoCE 20.05%
RoNW 24.45%
PAT Margin (%) 5.02%
EBITDA Margin (%) N/A
Debt / Equity 1.04
Company Details
Company
Premier Roadlines Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
B-870, Near Church, New Ashok Nagar, New Delhi, New Delhi, 11009
Book Running Lead Managers
Hem Securities Ltd
Book Running Lead Manager (BRLM)