Premier Roadlines Limited is engaged in providing logistics solutions to businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. They are a goods transport agency providing general transport services, project logistics, and over-dimensional/overweight cargo movements on a Pan India basis to their customers wherein they provide point-to-point services in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them. They mainly serve B2B customers under the Contract Logistics division, who have a requirement to transport bulk quantities of their goods from one place to another within India and other neighboring countries like Nepal, Bhutan, etc. In FY 2022-23, they have delivered over 26,000 orders across India.
To provide with transportation services, they engage third-party operators i.e. small fleet owners and agents who provide us with necessary transportation facilities such as containerized trucks, Trailers, Hydraulic axles, etc. Their centralized information technology network is capable of connecting their branch offices with their corporate office, which enables real-time monitoring of their operations, consignment bookings, and delivery status. They carry their logistics business through their widespread transportation network across India which they are operating through their Registered and Corporate Office located in Delhi, along with 28 Branch Offices located in various cities of India like Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune etc. A few of their esteemed customers 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.
Objects 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
- General Corporate Purpose
Premier Roadlines IPO Review
- May Apply
Premier Roadlines IPO Date & Price Band Details
| IPO Open: | May 10, 2024 |
| IPO Close: | May 14, 2024 |
| IPO Size: | Approx ₹40.36 Crores, 6,024,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹63 to ₹67 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Premier Roadlines IPO Market Lot
The Premier Roadlines IPO minimum market lot is 2000 shares with a ₹134,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹134,000 |
| Retail Maximum | 1 | 2000 | ₹134,000 |
| S-HNI Minimum | 2 | 4000 | ₹268,000 |
Premier Roadlines IPO Dates
The Premier Roadlines IPO date is May 10 and the IPO close date is May 14. The IPO allotment date is May 15 and the IPO might list on May 17.
| IPO Open Date: | May 10, 2024 |
| IPO Close Date: | May 14, 2024 |
| Basis of Allotment: | May 15, 2024 |
| Refunds: | May 16, 2024 |
| Credit to Demat Account: | May 16, 2024 |
| IPO Listing Date: | May 17, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Premier Roadlines IPO Form
How to apply Premier Roadlines IPO? You can apply Premier Roadlines IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Premier Roadlines IPO in the Invest section. The other option you can apply Premier Roadlines IPO via IPO forms download via the NSE website. Check out the Premier Roadlines forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Premier Roadlines Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹94.16 | ₹91.99 | ₹1.55 |
| 2022 | ₹138.69 | ₹133.46 | ₹3.89 |
| 2023 | ₹192.06 | ₹182.40 | ₹7.19 |
| September 2023 | ₹96.40 | ₹90.31 | ₹4.41 |
Premier Roadlines IPO Valuation – FY2023
Check Premier Roadlines IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.27 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 26.58% |
| Net Asset Value (NAV): | ₹16.05 per Equity Share |
Peer Group
- VRL Logistics Limited
- AVG Logistics Limited
- Ritco Logistics Limited
Company Promoters
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Premier Roadlines IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/
Premier Roadlines IPO Allotment Status
Check Premier Roadlines IPO allotment status on Maashitla Securities website URL. Click Here
Premier Roadlines IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000
Email: [email protected]
Website: http://www.prlindia.com/
