Premier Roadlines IPO is a book built issue of Rs 40.36 crores. The issue is entirely a fresh issue of 60.24 lakh shares.
Premier Roadlines IPO opens for subscription on May 10, 2024 and closes on May 14, 2024. The allotment for the Premier Roadlines IPO is expected to be finalized on Wednesday, May 15, 2024. Premier Roadlines IPO will list on NSE SME with tentative listing date fixed as Friday, May 17, 2024.
Premier Roadlines IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Hem Securities Limited is the book running lead manager of the Premier Roadlines IPO, while Maashitla Securities Private Limited is the registrar for the issue.
Refer to Premier Roadlines IPO DRHP for detailed information.
Premier Roadlines IPO Details
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 22,862,547 |
| Share holding post issue | 28,886,547 |
| Market Maker portion | 304,000 shares |
Premier Roadlines IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Premier Roadlines IPO Timeline (Tentative Schedule)
Premier Roadlines IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Premier Roadlines IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
Premier Roadlines IPO Promoter Holding
Virender Gupta, Rakhi Gupta & Samin Gupta are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Premier Roadlines Limited
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.
Premier Roadlines Limited Financial Information (Restated Standalone)
Premier Roadlines Limited’s revenue increased by 38.48% and profit after tax (PAT) rose by 84.89% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,444.46 | 7,410.76 | 5,144.62 | 4,578.82 |
| Revenue | 9,639.60 | 19,205.60 | 13,868.81 | 9,415.78 |
| Profit After Tax | 440.80 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3,143.97 | 2,703.17 | 1,984.67 | 1,596.07 |
| Reserves and Surplus | 2,990.89 | 2,550.09 | 1,831.59 | 1,442.99 |
| Total Borrowing | 3,509.01 | 3,677.26 | 2,354.82 | 2,379.01 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Premier Roadlines IPO is Rs 193.54 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 15.08% |
| ROCE | 11.74% |
| RoNW | 14.02% |
| P/BV | 0 |
| PAT Margin (%) | 4.57 |
Check Premier Roadlines IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.14 | 3.05 |
| P/E (x) | 21.32 | 21.95 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Premier Roadlines IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 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; and
- General Corporate Purpose.
Premier Roadlines IPO Prospectus
Premier Roadlines Limited Contact Details
Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: http://www.prlindia.com/
Premier Roadlines IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues