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What is the business of Premier Roadlines?

Premier Roadlines is engaged in providing logistics solutions to businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. It is goods transport agency providing general transport services, project logistics, and over dimensional/overweight cargo movements on a Pan India basis to its customers wherein it 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. It mainly serves B2B customers under the Contract Logistics division, who have requirement to transport bulk quantities of their goods from one place to another within India and other neighboring countries like Nepal, Bhutan etc. In F.Y. 2022-23, it has delivered over 26,000 orders across India.

Incorporated in 2008, accredited as an approved transporter by Indian Bank’s Association, it is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company engaged in providing transportation of goods in containerized trucks to various industrial sectors such as Infrastructure, Energy, Power, Oil & Gas, Engineering, Construction, Metallurgical, Renewable energy etc. In January 2009, it took over the running business of M/s Premier Roadlines for a consideration of Rs. 48.32 lakhs, through a Business Purchase Agreement dated January 05, 2009, whereby company took over all the assets and liabilities of the above-mentioned proprietorship concern.

To provide with transportation services, it engages third party operators i.e. small fleet owners and agents who provide it with necessary transportation facilities such as containerized trucks, Trailers, Hydraulic axles etc.
It carries its logistics business through its widespread transportation network across India which it is
operating through its 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. Few of its esteemed customers includes 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.

Get more information about the company @ http://www.prlindia.com/

Who are the Promoters of Premier Roadlines IPO?
Virender Gupta, Rakhi Gupta & Samin Gupta are the company’s promoters

What are the Objects of Premier Roadlines IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The objects of the present issue of Equity Shares are:

1.Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company;
2.Purchase of vehicle for commercial purposes;
3.To meet working capital requirements; and
4.General Corporate Purpose.

Premier Roadlines IPO To the point Guidance
Premier Roadlines is engaged in providing logistics solutions to businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. To provide with transportation services, it engages third party operators i.e. small fleet owners and agents who provide it with necessary transportation facilities such as containerized trucks, Trailers, Hydraulic axles etc. So in simple words, it is transport agent.
Size:  The net offer is of Rs. 38.32 Crore/5720000 shares. Retail portion is Rs. 13.41 crore and it can get one time subscribed with 1001 applications. Though the size of the IPO is somewhat large, however looking to the fancy of the investors, oversubscription may not be difficult.
Financial Snapshot: The company has shown sharp rise in the topline and bottomline. The total income has increased from Rs. 94.16 crore in 202021 to Rs. 192.06 crore in the year 2022-23 whereas the net profit has increased 4.63 times to Rs. 7.18 crore. So sharp rise in the net profits raise eyebrows. In simple words, the company carries on the business of Transport agency and such rise is difficult to earn. Moreover to provide with transportation services, it engages third party operators. From fundamental angle, we do not find this IPO quite attractive. 

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Premier Roadlines IPO GMP today details?

Premier Roadlines IPO

Premier Roadlines IPO FAQs

What is Premier Roadlines IPO?
Premier Roadlines is a SME IPO of 6024000 equity shares of the face value of Rs. 10 aggregating up to Rs.40.36 Crores. The issue is priced at Rs.63-67 per share. The minimum order quantity is 2000 Shares.

When will Premier Roadlines IPO open?
Premier Roadlines IPO opens on May 10, 2024, and closes on May 14, 2024.

What is the lot size of Premier Roadlines IPO?
Premier Roadlines IPO lot size is 2000 Shares, and the minimum amount required is Rs.134000.

How to apply for Premier Roadlines IPO?
You can apply in Premier Roadlines IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Premier Roadlines IPO allotment?
The finalization of Basis of Allotment for Premier Roadlines IPO will be done on May 15, 2024, and the allotted shares will be credited to your demat account by May 16, 2024.

When is Premier Roadlines IPO listing date?
Premier Roadlines IPO listing date is May 17, 2024.