Premier Roadlines IPO: Unlocking the Details of IPO

Premier Roadlines IPO is open for subscription starting Friday, May 10, 2024, and closing on Tuesday, May 14, 2024. The price of this upcoming IPO is decided at Rs 63 to Rs 67 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is two lots with 4000 shares. The minimum investment required for retail category investors is Rs 1,34,000 (67 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,000 (67 x 4000 shares). Premier Roadlines IPO is a book-built issue of Rs 40.36 crores. This upcoming IPO is a fresh issue of 60.24 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 15, 2024. Premier Roadlines IPO will be listed on NSE SME, and the listing date is fixed on Friday, May 17, 2024. The book-running lead manager of Premier Roadlines IPO is Hem Securities Limited. The registrar for this IPO is Maashitla Securities Private Limited.

About Premier Roadlines Limited

Premier Roadlines was incorporated in 2008, engaged in the business of logistics solutions. It offers logistics solutions for companies via road transportation of goods between 1 MT and 250 MT. Premier Roadlines offers general transportation services, projects logistics and oversized cargo transportation across India. In the contract segment the company also caters to B2B clients who need to transport large quantities from one place to another within India and few other neighbouring countries. The company has customers from various sectors such as infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, renewables energy etc. Their clients include prominent names like KEC International Limited, Tata project Limited, G R Infraprojects Limited, Tata Power Solar System Limited etc. The company works with third party providers like small fleet owners and agents who provide company for necessary transportation equipment. Premier Roadlines headquarter is located in Delhi and has 28 branches in different cities. As December 31, 2023, the company had a team of 204 employees including senior executives.

Objectives of Premier Roadlines IPO

The net amount received from this initial public offer will be utilised for repayment of certain borrowings availed by the company. The remaining funds will be used for purchase of vehicles for commercial purposes. Additionally, to meet the W.C requirements and generally corporate purposes.

Financials of Premier Roadlines Limited (Amt in Rs Lakhs)

Premier Roadlines posted a revenue of Rs 3,381.55 lakhs and net profit of Rs 256.66 lakhs for the period ending on 31 Dec 2023. The company’s revenue increased by 22.74% and PAT increased by 14.58% between the FY ending on March 31, 2023 and March 31, 2022.

Other Important Details of Premier Roadlines IPO  

Time-Table of Premier Roadlines IPO

Lot Size of Premier Roadlines IPO

IPO Reservation of Premier Roadlines Limited

Performance Indicator of Premier Roadlines Limited IPO

EPS and P/E Ratio Post IPO

Promoters of Premier Roadlines Limited and Their Holdings

The promoters of Premier Roadlines company are Virender Gupta, Rakhi Gupta & Samin Gupta.

Lead Manager(s) of Premier Roadlines IPO

The lead manager for Premier Roadlines IPO is Hem Securities Limited.

How do you apply for the Premier Roadlines IPO?

Wait for the public issue to open for subscription, then click here to apply for the Premier Roadlines Limited IPO with Bigul. 

How do you check the allotment status of Premier Roadlines IPO?

The registrar for Premier Roadlines IPO isMaashitla Securities Private Limited. To check your allotment status, please click here.

FAQs

1. What is the Premier Roadlines IPO?

Premier Roadlines IPO is a book-built issue of Rs 40.36 crores. This upcoming IPO is a fresh issue of 60.24 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 15, 2024.

2. Who are the lead managers for the Premier Roadlines Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Maashitla Securities Private Limited is the registrar for Premier Roadlines Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Premier Roadlines IPO?

The public subscription of this new IPO will open on May 10, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net amount received from this initial public offer will be utilised for repayment of certain borrowings availed by the company. The remaining funds will be used for purchase of vehicles for commercial purposes. Additionally, to meet the W.C requirements and generally corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Premier Roadlines Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Premier Roadlines Limited?

Premier Roadlines posted a revenue of Rs 3,381.55 lakhs and net profit of Rs 256.66 lakhs for the period ending on 31 Dec 2023. The company’s revenue increased by 22.74% and PAT increased by 14.58% between the FY ending on March 31, 2023 and March 31, 2022.