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 GuptaIPO Details
IPO Opening Date | May 10, 2024 |
IPO Closing Date | May 14, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹63 - 67 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | NSE 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 Date | May 10, 2024 |
IPO Close Date | May 14, 2024 |
Basis of Allotment Date | May 15, 2024 |
Initiation of Refunds | May 16, 2024 |
Credit of Shares to Demat Account | May 16, 2024 |
IPO Listing Date | May 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹134000 |
Maximum | 1 | 2000 | ₹134000 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
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:
- 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 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