IPO

Premier Roadlines Ltd. IPO

Premier Roadlines Ltd., established in 2008, operates in the Logistics - Warehousing/Supply Chain/Others sector. The company's IPO opened on May 10, 2024 and closed on May 14, 2024, with an issue ... Read more

Min Investment
₹ 1,34,000 / 2000 shares
Price Range
₹63 - ₹ 67
Bidding Dates
10 May '24 - 14 May '24
Total Issue Value
40.36 Cr
Lot Size
2,000
Total Issue Size
40.36 Cr
Listing At
NSE SME
Subscription
109.54 times
NSE Price
114.85 (71.42%)

IPO Timeline

  • 10 May 2024
    Bidding Starts
  • 14 May 2024
    Bidding Ends
  • 15 May 2024
    Allotment Finalization
  • 17 May 2024
    Listing

About Premier Roadlines Ltd.

We are engaged in providing logistics solutions to businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. We are goods transport agency providing general transport services, project logistics, and over dimensional/overweight cargo movements on a Pan India basis to ... Read more

Parent organisation
Founded
Premier Roadlines Ltd.
2008

Premier Roadlines Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 17,16,000 (28.49%)
Market Makers 3,04,000 (5.05%)
Non Institutional Investors 8,58,000 (14.24%)
Qualified Institutional Buyers (QIBs) 11,44,000 (18.99%)
Retail Individual Investors (RIIs) 20,02,000 (33.23%)

Premier Roadlines Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 228.58 Cr 12.62 Cr 22.90 Cr
31 Mar 2023 192.06 Cr 7.19 Cr 25.50 Cr
31 Mar 2022 138.69 Cr 3.89 Cr 18.32 Cr

Premier Roadlines Ltd. Background

Major Events And Milestones
  • 2008
    Incorporation of the Company.
  • 2009
    Take over the running business of M/s Premier Roadlines through a Business Purchase Agreement dated January 05, 2009, proprietorship concern of Late Nand Ram Gupta, father of our promoter and Director, Virender Gupta.
  • 2012
    Conversion of Company from Private Limited Company into Public Limited Company
  • 2019
    Crossed Revenue of Rs. 100 crores.
Premier Roadlines Ltd. Object of Issues

1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
2. Purchase of vehicle for commercial purpose.
3. To meet working capital requirements.
4. General Corporate Purpose.

Premier Roadlines Ltd. IPO Listing Details
Listing Date
17 May 2024
ISIN
INE0CFG01012
Final Issue Price
₹ 67
Premier Roadlines Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 67.00
Open - ₹ 87.00
Low - ₹ 87.00
High - ₹ 91.35
Last Trade - ₹ 91.35
Premier Roadlines Ltd. Company Promoters

Virender Gupta, Rakhi Gupta and Samin Gupta are the Promoters of the Company.

Industry Overview

India’s nominal gross domestic product (GDP) at current prices is estimated to be at Rs. 301.75 trillion (US$ 3.62 trillion) in 2023-24. Additionally, the Nominal GDP at current prices in Q1 of 2023-24 was Rs. 70.67 trillion (US$ 848.92 billion), as against Rs. 65.42 trillion (US$ 785.85 ... Read more

Premier Roadlines Ltd. Contact Details
Address: B-870, Near Church, New Ashok Nagar, New Delhi Delhi - 110096
Phone no:44015000
44015000
|
Premier Roadlines Ltd. IPO Registrar
Maashitla Securities Pvt. Ltd.
451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura Delhi - 110034
45121795, 45121796
Premier Roadlines Ltd. IPO Lead Manager(s)
Hem Securities Ltd.
No.14/15, Khatau Bldg, 1st Floor, 40, Bank Street, Fort Mumbai Maharashtra - 400001
22671543, 22671544, 22671000

FAQs

When does Premier Roadlines Ltd. IPO opens and closes?

Premier Roadlines Ltd. IPO opens from 10th May to 14th May 2024.

What is the size of Premier Roadlines Ltd. IPO?

The size of the Premier Roadlines Ltd. IPO is ₹40.36 Cr.

What is the price range of Premier Roadlines Ltd. IPO?

The price range of Premier Roadlines Ltd. IPO is at ₹63 to ₹67 per share.

What is the minimum investment and lot size required for the Premier Roadlines Ltd. IPO?

The minimum investment required is ₹1,34,000 and minimum lot size is 2000 shares.

When is Premier Roadlines Ltd. IPO listing date?

The Premier Roadlines Ltd. IPO will be listed on 17th May 2024.

What is the objective of Premier Roadlines Ltd. IPO?

1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
2. Purchase of vehicle for commercial purpose.
3. To meet working capital requirements.
4. General Corporate Purpose.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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