Premier Roadlines IPO

    Premier Roadlines IPO GMP Guidance & Subscription Status at,
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    Premier Roadlines IPO Latest updates:
    The company will enter the market on 10th May 2024 and listing is expected to be on 17 May 2024.

    What is the latest GMP of Premier Roadlines IPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of Premier Roadlines IPO

    On 14 May 2024 @ 5.00 (Day 3) (Closed)
    Review: Response improved on last day
    QIB:          89.95 T
    NII:         180.25 T
    RII:         106.50 T
    Total:     117.57 T
    Application: 106711

    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 @

    Premier Roadlines IPO Details
    IPO opens on  10 May 2024
    IPO closes on  14 May 2024
    Issue Type Book Built Issue IPO
    Issue Size 6024000 Sh /Rs 40.36 Cr
    * Fresh Issue 6024000 Sh /Rs 40.36 Cr
    * Offer for Sale  – Sh /Rs – Cr
    Market Maker Portion 304000 Sh.
    Net offer to Public 5720000 Sh./Rs.38.32 Cr
    Face Value per share Rs. 10
    Price Band Rs.63-67
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  NSE SME
    Shares offered in Premier Roadlines IPO
      Shares Rs. (Cr)
    QIB (50%) 2860000 19.16
    NII  (15%)   858000   5.75
    RII  (35%) 2002000 13.41
    Total Shares  5720000 38.32
    Retail portion will be oversubscribed by  1001
    How much Shares to Apply in Premier Roadlines IPO?
    Min Retail Application 2000 Sh Rs. 134000
    Min HNI Application  4000 Sh Rs.268000

    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 Indicative timetable
    IPO opens on 10 May 2024
    IPO Closes on 14 May 2024
    IPO Allotment on  15 May 2024
    Refund Initiation  16 May 2024
    Credit of Shares 16 May 2024
    Listing on 17 May 2024
    Registered Office of the Company
    Premier Roadlines Limited
    B-870, Near Church,
    New Ashok Nagar,
    New Delhi – 110096

    Who is the Lead Manager of Premier Roadlines IPO?
    Hem Securities Limited 
    Who is the Registrar to IPO?
    Maashitla Securities Private Limited
    Premier Roadlines IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2020-21   94.16 1.55 0.92   9.74
    2021-22 138.69 3.89 2.31 19.58
    2022-23  192.06 7.18 4.27 26.58
    Book Value of the Share on 31.03.2023 Rs 16.05    
    BV of the Share at cap price after the IPO Rs.     
    Offer Price/upper band   Rs. 67    
    Premier Roadlines IPO
    Key Performance indicators
    Price/last EPS of 22-23  15.69
    Price/BV Ratio  4.17
    Upper price/BV after IPO 

    How Premier Roadlines IPO compares with the Peers?

    As per DRHP FV Total Income PE Ratio
      Rs. In Cr. @
    Premier Roadlines 10   192               15.69
    VRL Logistics 10 2663 36.61
    AVG Logistics 10   430   8.76
    Ritco Logistics 10   754 16.37


    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    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. 


    Premier Roadlines
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    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.

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