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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 ₹67.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,26,000 (2000 shares). The minimum lot size investment for 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 Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹63 to ₹67 per share |
| Issue Price Final | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,24,000 shares (aggregating up to ₹40.36 Cr) |
| Reserved for Market Maker | 3,04,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.04 Cr) |
| Net Offered to Public | 57,20,000 shares (aggregating up to ₹38.32 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,68,38,547 shares |
| Share Holding Post Issue | 2,28,62,547 shares |
Premier Roadlines IPO offers total 60,24,000 shares. Out of which 28,58,000 (47.44%) allocated to QIB, 11,44,000 (18.99%) allocated to QIB, 8,58,000 (14.24%) allocated to NII, 20,04,000 (33.27%) allocated to RII and 17,14,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,04,000 (5.05%) |
| QIB Shares Offered | 28,58,000 (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 (14.24%) |
| Retail Shares Offered | 20,04,000 (33.27%) |
| Total Shares Offered | 60,24,000 (100.00%) |
Premier Roadlines IPO raises ₹11.48 crore from anchor investors. Premier Roadlines IPO Anchor bid date is May 9, 2024. Premier Roadlines IPO Anchor Investors list
| Bid Date | May 9, 2024 |
| Shares Offered | 17,14,000 |
| Anchor Portion Size (In Cr.) | 11.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Premier Roadlines IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Fri, May 10, 2024 |
| IPO Close Date | Tue, May 14, 2024 |
| Tentative Allotment | Wed, May 15, 2024 |
| Initiation of Refunds | Thu, May 16, 2024 |
| Credit of Shares to Demat | Thu, May 16, 2024 |
| Tentative Listing Date | Fri, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 14, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 8,699.12 | 7,410.76 | 5,144.62 | 4,578.82 |
| Total Income | 17,420.71 | 19,205.60 | 13,868.81 | 9,415.78 |
| Profit After Tax | 874.67 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3,577.83 | 2,703.17 | 1,984.67 | 1,596.07 |
| Reserves and Surplus | 1,893.98 | 2,550.09 | 1,831.59 | 1,442.99 |
| Total Borrowing | 3,707.93 | 3,677.26 | 2,354.82 | 2,379.01 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Premier Roadlines IPO is ₹153.18 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.27 | 4.59 |
| P/E (x) | 15.7 | 14.59 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of transport logistics. It does not own any vehicles, but provides services on third party contracts. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 supper annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | May 17, 2024 |
| BSE Script Code | |
| NSE Symbol | PRLIND |
| ISIN | INE0CFG01012 |
| Final Issue Price | ₹67 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹87.00 |
| Low | ₹87.00 |
| High | ₹91.35 |
| Last Trade | ₹91.35 |
Premier Roadlines Ltd.
B-870,
Near Church,
New Ashok Nagar,
New Delhi, New Delhi, 11009
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: http://www.prlindia.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Premier Roadlines IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹40.36 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on May 10, 2024, and closes on 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 May 10, 2024 and closes on 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 Thursday, May 16, 2024. Check the Premier Roadlines IPO allotment status.
The Premier Roadlines IPO listing date is on Friday, May 17, 2024.
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