Premier Roadlines IPO

Premier Roadlines IPO will open for subscription from 10 May 2024. The company aims for an issue size of ₹40.36 Cr through this IPO.

Company Overview

Full namePremier Roadlines Limited
Company Website

About Company

Incorporated in 2008, Premier Roadlines specializes in offering comprehensive logistics solutions tailored for businesses, particularly in the realm of surface transportation for cargoes weighing from 1 metric ton to 250 metric tons. As a general freight agency, the company provides a range of services including standard transport, project logistics, and the handling of oversized or overweight cargo. It offers end-to-end services across India, collecting goods directly from customers and ensuring delivery to specified destinations.

Premier Roadlines primarily caters to B2B clients under its Contract Logistics division, offering bulk transportation of goods within India and neighboring countries like Nepal and Bhutan. In fiscal year 2022-23, the company completed over 26,000 orders across India. The company collaborates with third-party partners, such as small fleet owners and agents, to provide transportation services. These partners supply the company with essential transportation equipment, including container trucks, trailers, hydraulic axles, and more.

The company’s client base spans a variety of sectors including infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, and renewable energies. Notable clients include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Projects Limited, G R Infra projects Ltd, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited. The company is based in Delhi and operates 28 branches across cities such as Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, and more. As of 31 December 2023, the company employed 204 full-time staff, including senior executives.

The Objectives of the Issue

  • 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 IPO Timetable

IPO Opening date10 May 2024
IPO Closing14 May 2024
Basis of Allotment15 May 2024
Initiation Refund16 May 2024
Credit to Demat Account16 May 2024
Listing Date17 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 14, 2024)

Premier Roadlines IPO details

Issue typeBook Built Issue IPO
IPO issue size₹40.36 Cr – 6,024,000 shares
Fresh Issue₹40.36 Cr – 6,024,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹63 to ₹67 per share
Lot size2000 Shares
Market Maker portion304,000 shares
Shareholding pre-issue16,838,547
Shareholding post-issue22,862,547
Listing ExchangeNSE SME

Premier Roadlines IPO Lot Size

Retail (Min)12000₹134,000
Retail (Max)12000₹134,000
HNI (Min)24,000₹268,000

IPO Documents

Premier Roadlines IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,714,000 (28.45%)
Market Maker Shares Offered304,000 (5.05%)
QIB Shares Offered1,144,000 (18.99%)
NII (HNI) Shares Offered858,000 (14.24%)
Retail Shares Offered2,004,000 (33.27%)
Total Shares Offered6,024,000 (100%)

Premier Roadlines Financial Performance

 FY 2021FY 2022FY 202310M FY 2024
Net income1.553.897.198.75
(Amount in ₹ Crores)

Premier Roadlines Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.75 – 15.69
RONW (%)9.7419.5826.58
ROCE (%)10.4316.7319.37
EBITDA (%)4.525.456.67

Company Promoters

  • Virender Gupta
  • Rakhi Gupta
  • Samin Gupta

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.65%

Premier Roadlines IPO Subscription Update

Shares Offered11,44,0008,58,00020,04,00040,06,000
14 May 202489.95180.09102.01115.29
13 May 20242.184.8610.646.98
10 May 20242.180.811.081.33
(The market maker reservation portion of 3,04,000 shares is not included)

Premier Roadlines IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
16 May 20241829,000
15 May 20242840,000
14 May 20242840,000
13 May 20243042,000
11 May 20242025,000
10 May 20241013,000
9 May 20241013,000

Premier Roadlines IPO Allotment Status

Premier Roadlines IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.

Listing Details

Listing Date17 May 2024
BSE Scrip Code
Final Issue Price₹67 per share

Listing Day Update

Listing ExchangeNSE SME
Final Issue Price₹67.00
Last Trade₹91.35

Premier Roadlines IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000

Premier Roadlines Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Premier Roadlines Contact Details

501, 5th Floor, Plot No. 4B, Tower A, Nextra, Mayur Vihar,
Phase-I Extension, East Delhi– 110091, Delhi, India
Phone: +91-11- 4401 5000

Premier Roadlines IPO FAQs

What is the Premier Roadlines offer size?

Premier Roadlines offer size is ₹35.97 – ₹40.36 crores.

What is the Premier Roadlines offer price band?

Premier Roadlines public offer price is ₹63 – ₹per share.

What is the lot size of the Premier Roadlines IPO?

Premier Roadlines offer lot size is 2,000 shares.

What is Premier Roadlines IPO GMP today?

Premier Roadlines IPO GMP today is ₹18 per share.

What is the Premier Roadlines kostak rate today?

Premier Roadlines kostak rate today is ₹NA per application.

What are Premier Roadlines Subject to the Sauda rate today?

Premier Roadlines is Subject to the Sauda rate today is ₹29,000 per application.

Final thoughts

Premier Roadlines IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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