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Premier Roadlines Ltd

Logistics

Offer Period :

10th to 14th May 2024

Premier Roadlines Limited, founded in 2008, specializes in logistics, offering transportation solutions for goods weighing 1 MT to 250 MT across India. Read more... They serve diverse sectors, including infrastructure and energy, working with third-party providers and maintaining 28 branches nationwide.Read less

Premier Roadlines Ltd IPO Details

IPO Date 10th to 14th May 2024 Minimum Investment ₹134000 / 1 Lots
Listing Date 2024-05-17 Maximum Investment ₹134000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹40.36 Crores
Price ₹67 to ₹67 per share Fresh Issue ₹40.36 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 10th to 14th May 2024
Listing Date 2024-05-17
Face Value ₹10 per share
Price ₹67 to ₹67 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹134000 / 1 Lots
Maximum Investment ₹134000 / 1 Lots
Total Issue Size ₹40.36 Crores
Fresh Issue ₹40.36 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

10th May

IPO Starts

14th May

IPO Ends

15th May

Allotment Date

16th May

Initiation of Refund

16th May

Credit of Shares to Demat Account

17th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 79.3 58.4
Public Group 20.7 41.6

Premier Roadlines Ltd IPO Reservation

QIB Shares Offered 1144000(18.99%)
NII (HNI) Shares Offered 858000(14.24%)
Retail Shares Offered 2004000(33.27%)
Anchor Investor Shares Offered 1714000(28.45%)
Total Shares Offered 6024000
Total Shares With Anchor Investor 6024000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Premier Roadlines Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number +91-11-45121795
Email Id ipo@maashitla.com
Our Website www.maashitla.com

Premier Roadlines Ltd IPO Lead Manager

1. Hem Securities Ltd

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Premier Roadlines Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Premier Roadlines Ltd

1. Continue to develop cordial relationship with its Customers and Logistic Partners.

2. Enhancing Brand image and meeting quality standards.

3. Increase its goods transportation network across India.

4. Continue to serve more industries.

Risks Involved

1. The company does not have its own fleet and are heavily dependent on third party service providers (i.e. Small Fleet Owners and Agents) to effectively carry on its logistics operations.

2. Disruptions or failures in its information technology systems including cyber risks may affect the company operations.

3. The company generate its major portion of revenue from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

4. Its business is dependent on the road network and the company's ability to utilize vehicles in an uninterrupted manner.

5. An inability to pass on any increase in operating expenses, particularly freight and transportation costs, to its customers may adversely affect the company's business and results of operations.

6. The Company may not be able to deliver the consignment on timely basis due to Breakdown, mishaps or accidents, because of which its could become liable to claims by the company customers, suffer adverse publicity and incur substantial cost as result of deficiency in its service which could adversely affect its results of operations.

7. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

8. There are certain outstanding legal cases involving the Company in respect of outstanding income tax demand/TDS Defaults/others. Any adverse decision in these legal cases may have an adverse effect on its business and financial conditions.

9. The company does not own the Registered Office and most of the branch offices from which its carry out the company's business activities. In case of non-renewal of rent agreements or dispute in relation to use of the premises, its business and results of operations can be adversely affected.

10. Its failure to perform in accordance with the standards prescribed in its client contracts could result in loss of business or payment of penalties as per contract terms.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Premier Roadlines Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-17 92837 PRLIND
INE0CFG01012
₹67 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹67 ₹67
Open ₹0 ₹87
Low ₹0 ₹87
High ₹0 ₹91.35
Low ₹0 ₹87

Frequently Asked Questions

What is Premier Roadlines Ltd IPO?

Answer Field

Premier Roadlines Ltd IPO is a SME IPO of 60,24,000 equity shares of a face value of ₹10 aggregating up to ₹40.36 Crores. The issue is priced at ₹67 to ₹67 per share. The minimum order quantity is 2000 Shares. The IPO opens on May 10, 2024, and closes on May 14, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Premier Roadlines Ltd IPO will open?

Answer Field

The Premier Roadlines Ltd IPO opens on May 10, 2024 and closes on May 14, 2024.

What is the lot size of Premier Roadlines Ltd?

Answer Field

Premier Roadlines Ltd lot size is 2000 shares, and the minimum amount required is ₹1,34,000.

How to apply for Premier Roadlines Ltd IPO?

Answer Field

You can apply in Premier Roadlines Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Premier Roadlines Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Premier Roadlines Ltd 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 Ltd IPO listing date?

Answer Field

The Premier Roadlines Ltd listing date is May 17, 2024.

Who is the registrar of Premier Roadlines Ltd IPO?

Answer Field

The registrar of Premier Roadlines Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Premier Roadlines Ltd IPO?

Answer Field

The fresh issue size is ₹40.36 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Premier Roadlines Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,34,000 amount.

How can I approve the UPI mandate request for Premier Roadlines Ltd IPO?

Answer Field

To apply for Premier Roadlines Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Premier Roadlines Ltd?

Answer Field

The price of each Premier Roadlines Ltd share will be ranging in between ₹67 to ₹67 per share.

What is the cut-off time for the UPI mandate for Premier Roadlines Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 14, 2024.

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