Premier Roadlines IPO GMP, Review, Price, Allotment

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Last updated on May 17, 2024

Premier Roadlines IPO GMP

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.

Premier Roadlines

Promoters of Premier Roadlines – Virender Gupta, Rakhi Gupta & Samin Gupta


Premier Roadlines IPO Details

Premier Roadlines IPO Dates10 – 14 May 2024
Premier Roadlines Issue PriceINR 63 – 67 per share
Fresh issue6,024,000 shares (INR 35.97 – 40.36 crore)
Offer For SaleNIL
Total IPO size6,024,000 shares (INR 35.97 – 40.36 crore)
Minimum bid (lot size)2,000 shares (INR 134,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

Premier Roadlines Financial Performance

 FY 2021FY 2022FY 202310M FY 2024
Revenue93.83138.62191.93174.17
Expenses91.99133.46182.40162.43
Net income1.553.897.198.75
Figures in INR Crores unless specified otherwise

Premier Roadlines Offer News


Premier Roadlines Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.922.314.27
PE ratio14.75 – 15.69
RONW (%)9.7419.5826.58
NAV9.4811.7916.05
ROCE (%)10.4316.7319.37
EBITDA (%)4.525.456.67
Debt/Equity 1.491.191.36
*Compiled by IPO Central from Prospectus

Premier Roadlines IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
16 May 20241829,000
15 May 20242840,000
14 May 20242840,000
13 May 20243042,000
11 May 20242025,000
10 May 20241013,000
9 May 20241013,000

Premier Roadlines IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered11,44,0008,58,00020,04,00040,06,000
14 May 202489.95180.09102.01115.29
13 May 20242.184.8610.646.98
10 May 20242.180.811.081.33

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 Date10 May 2024
IPO Closing Date14 May 2024
Finalization of Basis of Allotment15 May 2024
Initiation of refunds16 May 2024
Transfer of shares to demat accounts16 May 2024
Premier Roadlines IPO Listing Date17 May 2024
Opening Price on NSE SMEINR 87 per share (up 29.85%)
Closing Price on NSE SMEINR 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[email protected]
Website: www.hemsecurities.com


Premier Roadlines Offer Registrar

MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: [email protected]
Website: 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.

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