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Premier Roadlines Limited IPO Detail

Premier Roadlines Limited IPO Detail

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.

Company Promoters

Virender Gupta, Rakhi Gupta & Samin Gupta

IPO Details

IPO Opening DateMay 10, 2024
IPO Closing DateMay 14, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹63 - 67 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size₹40.36 Cr
Fresh Issue₹40.36 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 2.18x 0.00x 0.00x 6.34x 1.25x 1.32x
Day 2 2.18x 0.00x 0.00x 4.77x 10.91x 7.05x
Day 3 89.95x 0.00x 0.00x 180.25x 106.50x 117.57x

IPO Tentative Timetable

The Premier Roadlines Limited IPO open date is May 10, 2024, and the close date is May 14, 2024. The issue may list on May 17, 2024.

IPO Open DateMay 10, 2024
IPO Close DateMay 14, 2024
Basis of Allotment DateMay 15, 2024
Initiation of RefundsMay 16, 2024
Credit of Shares to Demat AccountMay 16, 2024
IPO Listing DateMay 17, 2024

IPO Lot Size

The Premier Roadlines Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹134000
Maximum12000₹134000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 4578.82 9415.78 155.39
31-Mar-22 5144.62 13868.81 388.60
31-Mar-23 7410.76 19205.60 718.50
30-Sep-23 7444.46 9639.60 440.80

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  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.

Premier Roadlines Limited IPO Registrar:

Maashitla Securities Pvt. Limited

Premier Roadlines Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Premier Roadlines Limited

B-870, Near Church,

New Ashok Nagar,

New Delhi – 110096