Premier Roadlines Limited IPO Details
| 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 | 2,000 Shares |
| Total Issue Size | 60,24,000 shares (aggregating up to ₹ 40.36 Cr) |
| Fresh Issue | 60,24,000 shares (aggregating up to ₹ 40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,68,38,547 |
| Share holding post issue | 2,28,62,547 |
| Market Maker portion | 3,04,000 shares |
About 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.
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.
Premier Roadlines Limited IPO Financial Information
Latest Revenue
17,420.71
₹ Crore
Profit After Tax
874.67
₹ Crore
Net Worth
3,577.83
₹ Crore
Total Borrowing
3,707.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Jan 2024 | 8,699.12 | 17,420.71 | 874.67 | 3,577.83 | 3,707.93 | ||||
| 31 Mar 2023 | 7,410.76 | 19,205.60 | 718.50 | 2,703.17 | 3,677.26 | ||||
| 31 Mar 2022 | 5,144.62 | 13,868.81 | 388.60 | 1,984.67 | 2,354.82 | ||||
| 31 Mar 2021 | 4,578.82 | 9,415.78 | 155.39 | 1,596.07 | 2,379.01 | ||||
| Amount in ₹ Crore | |||||||||
Premier Roadlines Limited 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Premier Roadlines Limited IPO Timeline
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024Wednesday, 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |