Premier Roadlines IPO vs TGIF Agribusiness IPO

Comparision between Premier Roadlines IPO and TGIF Agribusiness IPO.

IPO Details

Premier Roadlines IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Premier Roadlines IPO	TGIF Agribusiness IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Premier Roadlines IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share
Issue Price (Upper)	₹67.00 per share
Issue Price (Final)	₹67.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	60,24,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹40.36 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,24,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹40.36 Cr	up to ₹6.39 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Premier Roadlines IPO and TGIF Agribusiness IPO is May 14, 2024, and May 10, 2024, respectively.

	Premier Roadlines IPO	TGIF Agribusiness IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	May 08, 2024
Issue Close	May 14, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 14, 2024
Credit of Share (Tentative)	May 16, 2024	May 14, 2024
Listing date (Tentative)	May 17, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 14, 2024
Anchor Lockin End date 2	Aug 13, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Premier Roadlines IPO

TGIF Agribusiness IPO

Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,699.12	7,410.76	5,144.62	4,578.82
Revenue	17,420.71	19,205.60	13,868.81	9,415.78
Profit After Tax	874.67	718.50	388.60	155.39
Net Worth	3,577.83	2,703.17	1,984.67	1,596.07
Reserves and Surplus	1,893.98	2,550.09	1,831.59	1,442.99
Total Borrowing	3,707.93	3,677.26	2,354.82	2,379.01
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.80%

Promoter Shareholding (Post-Issue)

73.65%

73.28%

P/E Ratio

15.7

13.58

Market Cap

₹153.18 Cr.

₹24.06 Cr.

ROE

27.85%%

ROCE

20.05%%

Debt/Equity

1.04

EPS

₹4.27

₹6.85

RoNW

24.45%%

42.85%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in TGIF Agribusiness IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 0 shares in TGIF Agribusiness IPO.

	Premier Roadlines IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration	17,14,000 shares
Market Maker Reserveration	3,04,000 shares	34,800 shares
QIB	11,44,000 shares	0 shares
NII	8,58,000 shares	3,26,400 shares
RII	20,04,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	40,06,000 shares	6,52,800 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Premier Roadlines IPO	TGIF Agribusiness IPO
QIB (times)	89.95x
NII (times)	180.25x	35.35x
Big NII (times)
Small NII (times)
RII (times)	106.50x	32.92x
Employee (times)
Other (times)
Total (times)	117.57x	37.13x

Compare with others

Premier Roadlines IPO	TGIF Agribusiness IPO
Quest Laboratories IPO	Indian Emulsifier IPO
Piotex Industries IPO	Aztec Fluids & Machinery IPO
Veritaas Advertising IPO	Premier Roadlines IPO
Indian Emulsifier IPO	Silkflex Polymers IPO
Aztec Fluids & Machinery IPO	Energy Mission Machineries IPO
Silkflex Polymers IPO	Refractory Shapes IPO
Energy Mission Machineries IPO	Winsol Engineers IPO
TGIF Agribusiness IPO	Slone Infosystems IPO
Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
Winsol Engineers IPO	Amkay Products IPO

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