Premier Roadlines is scheduled to hit the market on May 10, 2024 and close on May 14, 2024. Premier Roadlines plans to raise around ₹40.36 Cr through an IPO with a sale of up to 6,024,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Premier Roadlines Limited, established in 2008, specializes in providing logistics solutions for companies, focusing on the transportation of goods ranging from 1 MT to 250 MT within India. Their services include general transportation, project logistics, and handling oversized/overweight cargo. Catering primarily to B2B customers in sectors like infrastructure, energy, mechanical engineering, and more, the company collaborates with third-party providers for necessary transportation equipment such as container trucks and trailers. With its headquarters in Delhi and 28 branches across major cities like Ahmedabad, Mumbai, and Hyderabad, the company employs 204 full-time staff members, including senior executives.
In addition to serving domestic clients, Premier Roadlines Limited extends its reach to neighboring countries like Nepal and Bhutan. The company has established itself as a reliable partner for businesses requiring extensive transportation services for moving large quantities of goods across regions. Notable clients of Premier Roadlines Limited include KEC International Limited, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited. By leveraging a network of small fleet owners and agents, the company ensures efficient and seamless transportation operations to meet the diverse needs of its clientele.
Premier Roadlines IPO Details
Premier Roadlines IPO opens on May 10, 2024, and closes on May 14, 2024. The Listing date for Premier Roadlines IPO is on May 17, 2024. The price band for IPO is ₹63 to ₹67 per share and lot size of 2000 Shares.
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Price | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹40.36 Cr |
| Face Value | ₹10 per share |
Premier Roadlines IPO Tentative Timetable
Premier Roadlines opening date is May 10, 2024 and close date is May 14, 2024. The IPO allotment date is May 15, 2024. The refund initiation of IPO is on May 16, 2024. The credit of shares in demat account is on May 16, 2024. The listing date is on May 17, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 10, 2024 |
| IPO Closing | May 14, 2024 |
| IPO Allotment Date | May 15, 2024 |
| Refund Initiation | May 16, 2024 |
| Shares Credit to Demat | May 16, 2024 |
| Lisiting Date | May 17, 2024 |
Premier Roadlines IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹134,000 |
| Retail(Maximum) | 1 | 2000 | ₹134,000 |
| HNI (Minimum) | 2 | 4000 | ₹268,000 |
Premier Roadlines IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Premier Roadlines IPO Review
IPO Review of Premier Roadlines Ltd.
Premier Roadlines Ltd. is entering the market with its initial public offering (IPO) of 6,024,000 equity shares at a price band of Rs. 63 to Rs. 67 per share. The company, which operates in the transport logistics sector across India, has shown consistent growth in both its revenue and profit over the past few years. With a focus on providing logistics solutions through third-party contracts, Premier Roadlines caters to a wide range of industries such as Infrastructure, Energy, and Construction.
Investors looking at Premier Roadlines' IPO should note that the issue is priced at a P/BV of 3.15 based on its Net Asset Value (NAV) as of January 31, 2024. The company's financial performance has been promising, with a steady increase in its top and bottom lines. However, with the asking price translating to a P/E ratio of 14.60 based on FY24 earnings, some may consider the IPO to be fully priced. It is essential for potential investors to assess the company's future prospects and competition within the transport logistics sector before making an informed decision.
Premier Roadlines' asset-light business model, coupled with its focus on B2B customers and diverse industrial sectors, presents an attractive investment opportunity for those eyeing medium-term rewards. While the company has not declared any dividends for the reported periods, its growth trajectory and market positioning make it a compelling choice for investors seeking exposure to the transport logistics industry. With a well-established network and a track record of consistent performance, Premier Roadlines Ltd.'s IPO is worth considering for investors looking to diversify their portfolio in the dynamic Indian market.
Premier Roadlines IPO Subscription Status (Bidding Details)
Table not foundPremier Roadlines IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Premier Roadlines IPO FAQs
What is Premier Roadlines IPO?
Premier Roadlines is issuing 6,024,000 equity shares with a face value of 10 each, totaling up to ₹40.36 Cr. The shares are being offered at a price of ₹63 to ₹67 each, with a minimum order quantity of 2000 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Premier Roadlines IPO will open?
Premier Roadlines will open on May 10, 2024 for QIB, NII, and Retail Investors.
When Premier Roadlines IPO will end?
Premier Roadlines will end on May 14, 2024.
What is Premier Roadlines IPO Size?
Premier Roadlines IPO size is ₹40.36 Cr.
What is Premier Roadlines IPO Price Band?
Premier Roadlines price band is ₹63 to ₹67 per share.
What is the Premier Roadlines IPO Allotment Date?
Premier Roadlines allotment date is May 15, 2024.
What is the Premier Roadlines IPO Listing Date?
Premier Roadlines listing date is May 17, 2024. The IPO is to be listed on BSE and NSE.
How to Premier Roadlines IPO through Zerodha?
To apply for the IPO “Premier Roadlines” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Premier Roadlines IPO through Upstox?
To apply for the IPO “Premier Roadlines” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Premier Roadlines IPO Allotment Status?
For Premier Roadlines IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Premier Roadlines IPO GMP?
You can check out here: Premier Roadlines IPO GMP