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 name | Premier Roadlines Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://prlindia.com/ |
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 date | 10 May 2024 |
| IPO Closing | 14 May 2024 |
| Basis of Allotment | 15 May 2024 |
| Initiation Refund | 16 May 2024 |
| Credit to Demat Account | 16 May 2024 |
| Listing Date | 17 May 2024 |
Premier Roadlines IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹40.36 Cr – 6,024,000 shares |
| Fresh Issue | ₹40.36 Cr – 6,024,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 304,000 shares |
| Shareholding pre-issue | 16,838,547 |
| Shareholding post-issue | 22,862,547 |
| Listing Exchange | NSE SME |
Premier Roadlines IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
IPO Documents
Premier Roadlines IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 10M FY 2024 | |
| Revenue | 93.83 | 138.62 | 191.93 | 174.17 |
| Expenses | 91.99 | 133.46 | 182.40 | 162.43 |
| Net income | 1.55 | 3.89 | 7.19 | 8.75 |
Premier Roadlines Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.92 | 2.31 | 4.27 |
| PE ratio | – | – | 14.75 – 15.69 |
| RONW (%) | 9.74 | 19.58 | 26.58 |
| NAV | 9.48 | 11.79 | 16.05 |
| ROCE (%) | 10.43 | 16.73 | 19.37 |
| EBITDA (%) | 4.52 | 5.45 | 6.67 |
| Debt/Equity | 1.49 | 1.19 | 1.36 |
Company Promoters
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Premier Roadlines IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,44,000 | 8,58,000 | 20,04,000 | 40,06,000 |
| 14 May 2024 | 89.95 | 180.09 | 102.01 | 115.29 |
| 13 May 2024 | 2.18 | 4.86 | 10.64 | 6.98 |
| 10 May 2024 | 2.18 | 0.81 | 1.08 | 1.33 |
Premier Roadlines IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 May 2024 | 18 | – | 29,000 |
| 15 May 2024 | 28 | – | 40,000 |
| 14 May 2024 | 28 | – | 40,000 |
| 13 May 2024 | 30 | 42,000 | |
| 11 May 2024 | 20 | – | 25,000 |
| 10 May 2024 | 10 | – | 13,000 |
| 9 May 2024 | 10 | – | 13,000 |
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 Date | 17 May 2024 |
| BSE Scrip Code | – |
| NSE Symbol | PRLIND |
| ISIN | INE0CFG01012 |
| Final Issue Price | ₹67 per share |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹67.00 |
| Open | ₹87.00 |
| Low | ₹87.00 |
| High | ₹91.35 |
| Last Trade | ₹91.35 |
Premier Roadlines IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Premier Roadlines Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Premier Roadlines Contact Details
PREMIER ROADLINES LIMITED
501, 5th Floor, Plot No. 4B, Tower A, Nextra, Mayur Vihar,
Phase-I Extension, East Delhi– 110091, Delhi, India
Phone: +91-11- 4401 5000
E-mail: cs@prlindia.com
Website: www.prlindia.com
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
