Premier Roadlines IPO vs Winsol Engineers IPO

Comparison between Premier Roadlines IPO and Winsol Engineers IPO.

IPO Details

Premier Roadlines IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹38.32 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹22.18 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 IPOWinsol 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size57,20,000 shares29,56,800 shares
Fresh Issue Size (Amount)up to ₹38.32 Crup to ₹22.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,20,000 shares29,56,800 shares
Issue Size Total (Amount)up to ₹38.32 Crup to ₹22.18 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 IPOWinsol Engineers IPO
Anchor Bid DateMay 09, 2024May 03, 2024
Issue OpenMay 10, 2024May 06, 2024
Issue CloseMay 14, 2024May 09, 2024
Basis Of Allotment (Tentative)May 15, 2024May 10, 2024
Initiation of Refunds (Tentative)May 16, 2024May 13, 2024
Credit of Share (Tentative)May 16, 2024May 13, 2024
Listing date (Tentative)May 17, 2024May 14, 2024
Anchor Lockin End date 1Jun 14, 2024Jun 09, 2024
Anchor Lockin End date 2Aug 13, 2024Aug 08, 2024

Financials & KPIs

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

 Premier Roadlines IPOWinsol Engineers 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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets35.6528.5627.6518.17
Total Income52.0265.4560.8022.25
Profit After Tax6.775.181.080.49
NET Worth15.278.743.442.39
Reserves and Surplus6.858.723.422.37
Total Borrowing8.4710.599.298.14
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.6572.99
P/E Ratio15.712.19
Market Cap₹153.18 Cr.₹86.51 Cr.
ROE27.85%22.33%
ROCE20.05%11.71%
Debt/Equity1.040.55
EPS₹4.27₹6.15
RoNW24.45%44.35%

Shares Offered

In the Premier Roadlines IPO Retail Individual 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 IPOWinsol Engineers IPO
Anchor Investor Reservation17,14,000 shares8,83,200 shares
Market Maker Reservation3,04,000 shares1,58,400 shares
QIB11,44,000 shares5,93,600 shares
NII8,58,000 shares4,44,800 shares
RII20,04,000 shares10,35,200 shares
Employee
Others
Total57,20,000 shares29,56,800 shares

Bids Received (Subscription)

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

 Premier Roadlines IPOWinsol Engineers IPO
QIB (times)89.95x207.23x
NII (times)180.25x1,087.81x
Big NII (times)
Small NII (times)
RII (times)106.50x780.15x
Employee (times)
Other (times)
Total (times)117.57x682.14x

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