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Premier Roadlines Limited IPO
Premier Roadlines Limited is a 4-decade-old company that started its operations in Delhi by Founder Late Shri Nand Ram Gupta ji. He was a visionary in the transportation industry and had passed on the legacy of PRL to his son, now the Chairman, Mr Virender Gupta, who took PRL to great heights in the past two decades of his leadership. PRL is an IBA-approved Limited Company, with a turnover of 200+ crores. Their rich logistical legacy of close to 40 Years has provided them with advanced technical know-how for transporting all sorts of dry cargo across the length and breadth of the country. Each consignment is treated with the highest professionalism to ensure the customer is always satisfied.
Premier Roadlines Limited serves multinationals, small and medium organizations and various sectors on a pan-India basis for all logistics requirements. Premier Roadlines IPO is a book built issue of Rs 40.36 crores. The issue is entirely a fresh issue of 60.24 lakh shares. Premier Roadlines IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. Hem Securities Limited is the book running lead manager of the Premier Roadlines IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Premier Roadlines IPO is Hem Finlease.
Premier Roadlines IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,838,547 |
| Share holding post issue | 22,862,547 |
| Market Maker portion | 304,000 shares |
Premier Roadlines IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Premier Roadlines IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
Premier Roadlines IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,714,000 (27.09%) |
| Market Maker Shares Offered | 304,000 (4.80%) |
| QIB Shares Offered | 1,144,000 (18.08%) |
| NII (HNI) Shares Offered | 112,000 (1.77%) |
| Retail Shares Offered | 2,004,000 (31.67%) |
| Total Shares Offered | 6,328,000 (100%) |
Premier Roadlines IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.65% |
Premier Roadlines IPO Anchor Investors Details
| Bid Date | May 9, 2024 |
| Shares Offered | 1,714,000 |
| Anchor Portion Size (In Cr.) | 11.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Company & Financials
Premier Roadlines Limited was founded in 2008 and 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. The company is headquartered in Delhi and has 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, etc.
Premier Roadlines Limited Financial Information
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 8,699.12 | 7,410.76 | 5,144.62 | 4,578.82 | ||||||||||||||||||||||||||||||||||||
| Revenue | 17,420.71 | 19,205.60 | 13,868.81 | 9,415.78 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 874.67 | 718.50 | 388.60 | 155.39 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,577.83 | 2,703.17 | 1,984.67 | 1,596.07 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,893.98 | 2,550.09 | 1,831.59 | 1,442.99 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,707.93 | 3,677.26 | 2,354.82 | 2,379.01 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Premier Roadlines IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 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.
- 4. General Corporate Purpose.
Premier Roadlines IPO Review
The company is operating in a highly competitive and fragmented segment of transport logistics. It does not own any vehicles, but provides services on third party contracts. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 supper annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards.
FAQs for Premier Roadlines IPO
-
What Is The Size Of The Premier Roadlines IPO?
The offer size of Premier Roadlines Limited is INR 40.36 crores, consisting of a fresh issue of 60,24,000 shares. The company seeks funds to manage borrowings, acquire commercial vehicles, meet working capital needs and fulfill general corporate purposes.
-
What Is The Price Band Of The Premier Roadlines IPO?
The price band of the issue is INR 63-67 per share.
-
When will Premier Roadlines Ltd IPO be allotted?
The Basis of Allotment will happen on Wednesday, May 15, 2024.
-
When will Premier Roadlines Ltd IPO open for subscription?
The IPO subscription window will open on May 10, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.
-
When will Premier Roadlines Ltd list on exchanges?
The listing date for Premier Roadlines is Friday, May 17, 2024.
RHP:
RHP of Premier Roadlines Limited IPO
Anchor Investor Link:
Anchor Investor Link of Premier Roadlines Limited IPO
-
What Is The Size Of The Premier Roadlines IPO?
The offer size of Premier Roadlines Limited is INR 40.36 crores, consisting of a fresh issue of 60,24,000 shares. The company seeks funds to manage borrowings, acquire commercial vehicles, meet working capital needs and fulfill general corporate purposes.
-
What Is The Price Band Of The Premier Roadlines IPO?
The price band of the issue is INR 63-67 per share.
-
When will Premier Roadlines Ltd IPO be allotted?
The Basis of Allotment will happen on Wednesday, May 15, 2024.
-
When will Premier Roadlines Ltd IPO open for subscription?
The IPO subscription window will open on May 10, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.
-
When will Premier Roadlines Ltd list on exchanges?
The listing date for Premier Roadlines is Friday, May 17, 2024.
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