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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Premier Roadlines Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Premier Roadlines Limited 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.65% |
Competitive Strength:
- -
Premier Roadlines Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
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.
