Premier Roadlines Limited

10 May 2024 - 14 May 2024 Individual Category SME NSE

Min Investment

₹252000

Price Band

₹63-₹67

Issue Size

43.1 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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10 May 2024

Open Date

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14 May 2024

Close Date

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15 May 2024

Allotment Date

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17 May 2024

Listing Date

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.

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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.

Founded

2008

Managing Director

Samin Gupta

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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