Bookbuilding IPO | ₹40 Cr | Listed at NSE SME | Fri, May 10, 2024 - Tue, May 14, 2024
Premier Roadlines IPO is a book build issue of ₹40.36 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹40.36 crore.
Premier Roadlines IPO bidding started from May 10, 2024 and ended on May 14, 2024. The allotment for Premier Roadlines IPO was finalized on May 15, 2024. The shares got listed on NSE SME on May 17, 2024.
Premier Roadlines IPO price band is set at ₹67 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,34,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,68,000.
Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Premier Roadlines IPO RHP for detailed Information.
IPO Open
Fri, May 10, 2024
IPO Close
Tue, May 14, 2024
Issue Price
₹67 per share
Market Cap (Pre-IPO)
₹153.18 Cr
| IPO Date | 10 to 14 May, 2024 |
| Listed on | Fri, May 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 |
| Issue Price | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,24,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 3,04,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 57,20,000 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 57,20,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,68,38,547 shares |
| Share Holding Post Issue | 2,28,62,547 shares |
| NSE Symbol | PRLIND |
| ISIN | INE0CFG01012 |
Premier Roadlines IPO comprises a total issue size of 60,24,000 shares. The net offer to the public is 57,20,000 shares, after excluding 3,04,000 shares allotted on a firm basis. Of the Net offer 28,58,000 (49.97%) are allocated to QIB, 8,58,000 (15.00%) allocated to NII 20,04,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,58,000 | 49.97% | 47.44% |
| − Anchor Investor Shares Offered | 17,14,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 11,44,000 | 18.99% | |
| NII (HNI) Shares Offered | 8,58,000 | 15.00% | 14.24% |
| Retail Shares Offered | 20,04,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,04,000 | 5.05% | |
| Total Shares Offered | 60,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,34,000 |
| Retail (Max) | 1 | 2,000 | ₹1,34,000 |
| HNI (Min) | 2 | 4,000 | ₹2,68,000 |
Premier Roadlines IPO raises ₹11.48 crore from anchor investors. Premier Roadlines IPO Anchor bid date is May 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, May 9, 2024 |
| Shares Offered | 17,14,000 |
| Anchor Portion (₹ Cr.) | 11.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 13, 2024 |
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 | 86.99 | 74.11 | 51.45 | 45.79 |
| Total Income | 174.21 | 192.06 | 138.69 | 94.16 |
| Profit After Tax | 8.75 | 7.19 | 3.89 | 1.55 |
| NET Worth | 35.78 | 27.03 | 19.85 | 15.96 |
| Reserves and Surplus | 18.94 | 25.50 | 18.32 | 14.43 |
| Total Borrowing | 37.08 | 36.77 | 23.55 | 23.79 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Compan | 15.00 |
| 2 | Purchase of vehicle for commercial purpose | 2.76 |
| 3 | Working Capital Requirement | 14.00 |
| 4 | General Corporate Purposes | 3.33 |
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 27.85% |
| ROCE | 20.05% |
| Debt/Equity | 1.04 |
| RoNW | 24.45% |
| PAT Margin | 5.02% |
| Price to Book Value | 3.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.27 | 4.59 |
| P/E (x) | 15.7 | 14.59 |
| Promoter Holding | 100.00% | 73.65% |
| Market Cap | ₹153.18 Cr. |
The Premier Roadlines IPO is subscribed 117.57 times on May 14, 2024 6:19:56 PM (Day 3). 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 (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 89.95 | 11,44,000 | 10,29,08,000 |
| NII* | 180.25 | 8,58,000 | 15,46,52,000 |
| Retail | 106.50 | 20,04,000 | 21,34,22,000 |
| Total | 117.57 | 40,06,000 | 47,09,82,000 |
Total Applications: 1,06,711
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.48 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.20 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.10 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.06 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 4.39 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹87.00 |
| Low | ₹87.00 |
| High | ₹91.35 |
| Last Trade | ₹91.35 |
Lead Manager Reports
Premier Roadlines IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on Fri, May 10, 2024, and closes on Tue, May 14, 2024.
Maashitla Securities Pvt.Ltd. 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 Fri, May 10, 2024 and closes on Tue, May 14, 2024.
Premier Roadlines IPO lot size is 2000, and the minimum amount required for application is ₹1,34,000.
You can apply in Premier Roadlines IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, May 16, 2024. Check the Premier Roadlines IPO allotment status.
The Premier Roadlines IPO listing date is on Fri, May 17, 2024.
