Premier Roadlines IPO vs Winsol Engineers IPO

Comparision between Premier Roadlines IPO and Winsol Engineers IPO.

IPO Details

Premier Roadlines IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Book Built Issue proposed to list at NSE SME.

	Premier Roadlines IPO	Winsol Engineers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Maashitla Securities Private Limited	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Winsol Engineers IPO is up to ₹23.36 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

	Premier Roadlines IPO	Winsol Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹71.00 per share
Issue Price (Upper)	₹67.00 per share	₹75.00 per share
Issue Price (Final)	₹67.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	60,24,000 shares	31,15,200 shares
Fresh Issue Size (Amount)	up to ₹40.36 Cr	up to ₹23.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,24,000 shares	31,15,200 shares
Issue Size Total (Amount)	up to ₹40.36 Cr	up to ₹23.36 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Premier Roadlines IPO and Winsol Engineers IPO is May 14, 2024, and May 09, 2024, respectively.

	Premier Roadlines IPO	Winsol Engineers IPO
Anchor Bid Date	May 09, 2024	May 03, 2024
Issue Open	May 10, 2024	May 06, 2024
Issue Close	May 14, 2024	May 09, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 10, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 13, 2024
Credit of Share (Tentative)	May 16, 2024	May 13, 2024
Listing date (Tentative)	May 17, 2024	May 14, 2024
Anchor Lockin End date 1	Jun 14, 2024	Jun 09, 2024
Anchor Lockin End date 2	Aug 13, 2024	Aug 08, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Winsol Engineers IPO P/E ratio of 12.19.

Premier Roadlines IPO

Winsol Engineers 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

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,565.34	2,856.01	2,764.80	1,816.83
Revenue	5,202.28	6,544.53	6,080.00	2,224.58
Profit After Tax	677.26	518.07	108.46	49.44
Net Worth	1,527.15	873.89	343.93	238.55
Reserves and Surplus	685.15	871.89	341.93	236.55
Total Borrowing	846.76	1,058.84	928.90	814.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.65%

72.99%

P/E Ratio

15.7

12.19

Market Cap

₹153.18 Cr.

₹86.51 Cr.

ROE

27.85%%

22.33%%

ROCE

20.05%%

11.71%%

Debt/Equity

1.04

0.55

EPS

₹4.27

₹6.15

RoNW

24.45%%

44.35%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Winsol Engineers IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 5,93,600 shares in Winsol Engineers IPO.

	Premier Roadlines IPO	Winsol Engineers IPO
Anchor Investor Reserveration	17,14,000 shares	8,83,200 shares
Market Maker Reserveration	3,04,000 shares	1,58,400 shares
QIB	11,44,000 shares	5,93,600 shares
NII	8,58,000 shares	4,44,800 shares
RII	20,04,000 shares	10,35,200 shares
Employee	0 shares	0 shares
Others
Total	40,06,000 shares	20,73,600 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Winsol Engineers IPO subscribed 682.14x.

	Premier Roadlines IPO	Winsol Engineers IPO
QIB (times)	89.95x	207.23x
NII (times)	180.25x	1,087.81x
Big NII (times)
Small NII (times)
RII (times)	106.50x	780.15x
Employee (times)
Other (times)
Total (times)	117.57x	682.14x

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