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Premier Roadlines IPO is a book built issue of Rs 40.36 crores. The issue is entirely a fresh issue of 60.24 lakh shares.
Premier Roadlines IPO bidding started from May 10, 2024 and ended on May 14, 2024. The allotment for Premier Roadlines IPO was finalized on Wednesday, May 15, 2024. The shares got listed on NSE SME on May 17, 2024.
Premier Roadlines IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Hem Securities Limited is the book running lead manager of the Premier Roadlines IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Premier Roadlines IPO is Hem Finlease.
Refer to Premier Roadlines IPO RHP for detailed information.
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,838,547 |
| Share holding post issue | 22,862,547 |
| Market Maker portion | 304,000 shares Hem Finlease |
Premier Roadlines IPO offers 6,024,000 shares. 1,144,000 (18.99%) to QIB, 858,000 (14.24%) to NII, 2,004,000 (33.27%) to RII and 1,714,000 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,714,000 (28.45%) |
| Market Maker Shares Offered | 304,000 (5.05%) |
| QIB Shares Offered | 1,144,000 (18.99%) |
| NII (HNI) Shares Offered | 858,000 (14.24%) |
| Retail Shares Offered | 2,004,000 (33.27%) |
| Total Shares Offered | 6,024,000 (100%) |
Premier Roadlines IPO raises Rs 11.48 crore from anchor investors. Premier Roadlines IPO Anchor bid date is May 9, 2024. Premier Roadlines IPO Anchor Investors list
| Bid Date | May 9, 2024 |
| Shares Offered | 1,714,000 |
| Anchor Portion Size (In Cr.) | 11.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Premier Roadlines IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
Virender Gupta, Rakhi Gupta & Samin Gupta are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.65% |
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.
| 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 | ||||
The market capitalization of Premier Roadlines IPO is Rs 153.18 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 27.85% |
| ROCE | 20.05% |
| Debt/Equity | 1.04 |
| RoNW | 24.45% |
| P/BV | 3.15 |
| PAT Margin (%) | 5.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.27 | 4.59 |
| P/E (x) | 15.7 | 14.59 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of transport logistics. It does not own any vehicles, but provides services on third party contracts. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 supper annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
The Premier Roadlines IPO is subscribed 117.57 times on May 14, 2024 6:19:56 PM. The public issue subscribed 106.50 times in the retail category, 89.95 times in the QIB category, and 180.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 89.95 |
| NII | 180.25 |
| Retail | 106.50 |
| Total | 117.57 |
Total Application : 106,711 (106.50 times)
| Listing Date | May 17, 2024 |
| BSE Script Code | |
| NSE Symbol | PRLIND |
| ISIN | INE0CFG01012 |
| Final Issue Price | ₹67 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹67.00 |
| ₹87.00 |
| ₹87.00 |
| ₹91.35 |
| ₹91.35 |
Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: http://www.prlindia.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Premier Roadlines IPO is a SME IPO of 6,024,000 equity shares of the face value of ₹10 aggregating up to ₹40.36 Crores. The issue is priced at ₹63 to ₹67 per share. The minimum order quantity is 2000 Shares.
The IPO opens on May 10, 2024, and closes on May 14, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Premier Roadlines IPO using UPI as a payment gateway. Zerodha customers can apply in Premier Roadlines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Premier Roadlines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Premier Roadlines IPO opens on May 10, 2024 and closes on May 14, 2024.
Premier Roadlines IPO lot size is 2000 Shares, and the minimum amount required is ₹134,000.
You can apply in Premier Roadlines IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Premier Roadlines IPO will be done on Wednesday, May 15, 2024, and the allotted shares will be credited to your demat account by Thursday, May 16, 2024. Check the Premier Roadlines IPO allotment status.
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Premier and aztec both were priced same at 67.. equal amount per lot..
Listing is also similar for both between 85-90.
Aztec had way more GMP than Premier.
But at 10:10 hrs I can see only sellers in Aztec and only buyers in Premier.
Why this is happening? Shouldn't it be the reverse.
What am I missing?