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Premier Roadlines IPO vs TGIF Agribusiness IPO

Comparison between Premier Roadlines IPO and TGIF Agribusiness IPO.

IPO Details

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

 Premier Roadlines IPOTGIF Agribusiness IPO
LogoPremier Roadlines IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Hem Securities Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹38.32 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 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 IPOTGIF 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)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size57,20,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹38.32 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,20,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹38.32 Crup to ₹6.07 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 IPOTGIF Agribusiness IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024May 08, 2024
Issue CloseMay 14, 2024May 10, 2024
Basis Of Allotment (Tentative)May 15, 2024May 13, 2024
Initiation of Refunds (Tentative)May 16, 2024May 14, 2024
Credit of Share (Tentative)May 16, 2024May 14, 2024
Listing date (Tentative)May 17, 2024May 15, 2024
Anchor Lockin End date 1Jun 14, 2024
Anchor Lockin End date 2Aug 13, 2024

Financials & KPIs

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

 Premier Roadlines IPOTGIF Agribusiness IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets86.9974.1151.4545.79
Total Income174.21192.06138.6994.16
Profit After Tax8.757.193.891.55
NET Worth35.7827.0319.8515.96
Reserves and Surplus18.9425.5018.3214.43
Total Borrowing37.0836.7723.5523.79
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.8%
Promoter Shareholding (Post-Issue)73.65%73.28%
P/E Ratio15.713.58
Market Cap₹153.18 Cr.₹24.06 Cr.
ROE27.85
ROCE20.05
Debt/Equity1.04
EPS₹4.27₹6.85
RoNW24.4542.85

Shares Offered

In the Premier Roadlines IPO Retail Individual 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 in TGIF Agribusiness IPO.

 Premier Roadlines IPOTGIF Agribusiness IPO
Anchor Investor Reservation17,14,000 shares
Market Maker Reservation3,04,000 shares34,800 shares
QIB11,44,000 shares
NII8,58,000 shares3,26,400 shares
RII20,04,000 shares3,26,400 shares
Total57,20,000 shares6,52,800 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 82.34x in total, whereas TGIF Agribusiness IPO subscribed 34.13x.

 Premier Roadlines IPOTGIF Agribusiness IPO
QIB (times)89.95x
NII (times)180.25x35.35x
RII (times)106.50x32.92x
Total (times)82.34x34.13x

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Compare:

Premier Roadlines IPO Vs TGIF Agribusiness IPO