Premier Roadlines Limited offers logistics solutions for companies, especially for land transportation of goods between 1 MT and 250 MT.
The company offers general transportation services, project logistics, and oversized/overweight cargo transportation across India. In the contract logistics segment, the company caters to B2B customers who need to transport large quantities of their goods from one place to another within India and to other neighboring countries like Nepal, Bhutan, etc.
The company’s customers come from sectors such as infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, renewable energies, etc. These include 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.
For the provision of transportation services, the company works with third-party providers, i.e. small fleet owners and agents who provide the company with the necessary transportation equipment, such as container trucks, trailers, hydraulic axles, etc.
The company’s headquartered in Delhi and has 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, etc. As at December 31, 2023, the company had 204 permanent full-time employees, including senior executives.
Premier Roadlines IPO – Details
| IPO Opening Date | 10 May 2024 |
| IPO Closing Date | 14 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,24,000 Shares Worth ₹40.36 Crore Fresh Issue: 60,24,000 Shares Worth ₹40.36 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹63 – ₹67 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Premier Roadlines IPO – Date Schedule
| IPO Open Date | 10 May 2024 |
| IPO Close Date | 14 May 2024 |
| Basis of Allotment | 15 May 2024 |
| Initiation of Refund | 16 May 2024 |
| Credit of Shares to Demat Account | 16 May 2024 |
| IPO Listing Date | 17 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Premier Roadlines IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,34,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,34,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,68,000 |
Competitive Strengths
- Continue to develop cordial relationship with their Customers and Logistic Partners.
- Enhancing Brand image and meeting quality standards.
- Increase company’s goods transportation network across India.
- Continue to serve more industries.
Company Promoters
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Object Of The Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company;
- Purchase of vehicle for commercial purposes;
- To meet working capital requirements; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 94.15 | 91.98 | 1.55 | 23.79 |
| 31 March 2022 | 138.68 | 133.46 | 3.88 | 23.54 |
| 31 March 2023 | 192.05 | 182.40 | 7.18 | 36.77 |
| 30 September 2023 | 96.39 | 90.31 | 4.40 | 35.09 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.85% |
| ROCE | 20.05% |
| Debt/Equity | 1.04 |
| RoNW | 24.45% |
| P/BV | 3.15 |
| PAT Margin (%) | 5.02 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.27 | 4.59 |
| P/E (x) | 15.7 | 14.59 |
Premier Roadlines IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.65% |
Premier Roadlines IPO Prospectus
Company Contact Information
| Premier Roadlines Limited B-870, Near Church, New Ashok Nagar, New Delhi – 110096 Phone: +91-11- 4401 5000 Email: cs@prlindia.com Website: http://www.prlindia.com/ |
Premier Roadlines IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Premier Roadlines IPO Lead Manager(s)
| 1. Hem Securities Limited |
Premier Roadlines IPO FAQs
| What is Premier Roadlines IPO? Premier Roadlines IPO is a SME IPO. The issue is priced at ₹63 – ₹67 per equity share. The IPO is to be listed on NSE SME. |
| When Premier Roadlines IPO will open? The IPO is to open on 10 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Premier Roadlines IPO? You can apply for Premier Roadlines IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Premier Roadlines IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Premier Roadlines”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Premier Roadlines IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Premier Roadlines”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Premier Roadlines IPO Size? Premier Roadlines IPO size is ₹40.36 crores. |
| What is Premier Roadlines IPO Price Band? Premier Roadlines IPO Price Band is ₹63 – ₹67. |
| What is Premier Roadlines IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,34,000 amount while the maximum bid is 2000 shares with ₹1,34,000. |
| What is the Premier Roadlines IPO Allotment Date? Premier Roadlines IPO allotment date is 15 May 2024. |
| What is the Premier Roadlines IPO Listing Date? Premier Roadlines IPO listing date is 17 May 2024. The IPO is to list on NSE SME. |
