Last updated on May 17, 2024
Premier Roadlines IPO description – Incorporated in 2008, Premier Roadlines specializes in offering comprehensive logistics solutions tailored for businesses, particularly in the realm of surface transportation for cargoes weighing from 1 metric ton to 250 metric tons. As a general freight agency, the company provides a range of services including standard transport, project logistics, and the handling of oversized or overweight cargo. It offers end-to-end services across India, collecting goods directly from customers and ensuring delivery to specified destinations.
Premier Roadlines primarily caters to B2B clients under its Contract Logistics division, offering bulk transportation of goods within India and neighboring countries like Nepal and Bhutan. In fiscal year 2022-23, the company completed over 26,000 orders across India. The company collaborates with third-party partners, such as small fleet owners and agents, to provide transportation services. These partners supply the company with essential transportation equipment, including container trucks, trailers, hydraulic axles, and more.
The company’s client base spans a variety of sectors including infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, and renewable energies. Notable clients include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Projects Limited, G R Infra projects Ltd, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited.
The company is based in Delhi and operates 28 branches across cities such as Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, and more. As of 31 December 2023, the company employed 204 full-time staff, including senior executives.
Promoters of Premier Roadlines – Virender Gupta, Rakhi Gupta & Samin Gupta
Table of Contents
Premier Roadlines IPO Details
| Premier Roadlines IPO Dates | 10 – 14 May 2024 |
| Premier Roadlines Issue Price | INR 63 – 67 per share |
| Fresh issue | 6,024,000 shares (INR 35.97 – 40.36 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,024,000 shares (INR 35.97 – 40.36 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 134,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Premier Roadlines Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 10M FY 2024 |
| Revenue | 93.83 | 138.62 | 191.93 | 174.17 |
| Expenses | 91.99 | 133.46 | 182.40 | 162.43 |
| Net income | 1.55 | 3.89 | 7.19 | 8.75 |
Premier Roadlines Offer News
- Premier Roadlines RHP
- Premier Roadlines Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Premier Roadlines Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.92 | 2.31 | 4.27 |
| PE ratio | – | – | 14.75 – 15.69 |
| RONW (%) | 9.74 | 19.58 | 26.58 |
| NAV | 9.48 | 11.79 | 16.05 |
| ROCE (%) | 10.43 | 16.73 | 19.37 |
| EBITDA (%) | 4.52 | 5.45 | 6.67 |
| Debt/Equity | 1.49 | 1.19 | 1.36 |
Premier Roadlines IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 May 2024 | 18 | – | 29,000 |
| 15 May 2024 | 28 | – | 40,000 |
| 14 May 2024 | 28 | – | 40,000 |
| 13 May 2024 | 30 | 42,000 | |
| 11 May 2024 | 20 | – | 25,000 |
| 10 May 2024 | 10 | – | 13,000 |
| 9 May 2024 | 10 | – | 13,000 |
Premier Roadlines IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,44,000 | 8,58,000 | 20,04,000 | 40,06,000 |
| 14 May 2024 | 89.95 | 180.09 | 102.01 | 115.29 |
| 13 May 2024 | 2.18 | 4.86 | 10.64 | 6.98 |
| 10 May 2024 | 2.18 | 0.81 | 1.08 | 1.33 |
The market maker reservation portion of 3,04,000 shares is not included in the above calculations.
Premier Roadlines IPO Allotment Status
Premier Roadlines IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Premier Roadlines IPO Dates & Listing Performance
| IPO Opening Date | 10 May 2024 |
| IPO Closing Date | 14 May 2024 |
| Finalization of Basis of Allotment | 15 May 2024 |
| Initiation of refunds | 16 May 2024 |
| Transfer of shares to demat accounts | 16 May 2024 |
| Premier Roadlines IPO Listing Date | 17 May 2024 |
| Opening Price on NSE SME | INR 87 per share (up 29.85%) |
| Closing Price on NSE SME | INR 91.35 per share (up 36.34%) |
Premier Roadlines Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Premier Roadlines Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795
Email:Â [email protected]
Website:Â www.maashitla.com
Premier Roadlines IPO Contact Details
PREMIER ROADLINES LIMITED
501, 5th Floor, Plot No. 4B, Tower A, Nextra, Mayur Vihar,
Phase-I Extension, East Delhi– 110091, Delhi, India
Phone: +91-11- 4401 5000
E-mail: [email protected]
Website: www.prlindia.com
IPO FAQs
What is the Premier Roadlines offer size?
Premier Roadlines offer size is INR 35.97 – 40.36 crores.
What is the Premier Roadlines offer price band?
Premier Roadlines public offer price is INR 63 – 67 per share.
What is the lot size of the Premier Roadlines IPO?
Premier Roadlines offer lot size is 2,000 shares.
What is Premier Roadlines IPO GMP today?
Premier Roadlines IPO GMP today is INR 18 per share.
What is the Premier Roadlines kostak rate today?
Premier Roadlines kostak rate today is INR NA per application.
What are Premier Roadlines Subject to the Sauda rate today?
Premier Roadlines is Subject to the Sauda rate today is INR 29,000 per application.
