What you must know about Premier Roadlines IPO?
by 5paisa Research Team
07 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 17-May-24
- IPO Price Range ₹ 63 to ₹ 67
- Listing Price ₹ 87
- Listing Change 29.9%
- Last Traded Price ₹ 120
- Current Change 79.1%
Premier Roadlines IPO Details
- Open Date 10-May-24
- Close Date 14-May-24
- Lot Size 2000
- IPO Size ₹ 40.36 Cr
- IPO Price Range ₹ 63 to ₹ 67
- Min Investment ₹ 126,000
- Listing Exchange NSE SME
- Basis of Allotment 15-May-24
- Refunds 16-May-24
- Credit to Demat Account 16-May-24
- Listing Date 17-May-24
Premier Roadlines IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-May-24 | 2.18 | 6.34 | 1.24 | 1.32 |
| 13-May-24 | 2.18 | 4.75 | 10.81 | 7.00 |
| 14-May-24 | 89.95 | 179.74 | 102.01 | 115.21 |
Premier Roadlines IPO Synopsis
Last Updated: 14th May, 2024 by 5paisa
Premier Roadlines IPO is all set to open from 10th May to 14th May 2024. The company provides logistics solutions. The IPO includes a fresh issue of 6,024,000 shares worth ₹40.36 cr. The share allotment date is 15th May 2024, and the IPO will be listed on 17th May 2024 on the stock exchanges. The price band is ₹63 to ₹67 and the lot size is 2000 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of Premier Roadlines IPO
Premier Roadlines Limited plans to utilize the raised capital from the IPO to:
● To fund the vehicle purchase for commercial purposes.
● To repay or prepay a part or full debt obtained.
● To meet the working capital requirements.
● General Corporate Purposes.
Premier Roadlines IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 40.36 |
| Offer for sale | - |
| Fresh issue | 40.36 |
Premier Roadlines IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4000 | ₹268,000 |
Premier Roadlines IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 17,14,000 | 17,14,000 | 11.48 |
| Market Maker | 1 | 3,04,000 | 3,04,000 | 2.04 |
| QIB | 89.95 | 11,44,000 | 10,29,08,000 | 689.48 |
| NII (HNI) | 179.74 | 8,58,000 | 15,42,16,000 | 1,033.25 |
| Retail | 102.01 | 20,04,000 | 20,44,24,000 | 1,369.64 |
| Total | 115.21 | 40,06,000 | 46,15,48,000 | 3,092.37 |
Premier Roadlines IPO Anchor Allocation
| Anchor Bid Date | 9 May, 2024 |
| Total no. of shares offered | 1,714,000 |
| Portion Size for Anchor Investors | 11.48 Cr. |
| Lock in Period for 50% shares (30 days) | 14 June, 2024 |
| Lock in Period for rest of shares (90 days) | 13 August, 2024 |
About Premier Roadlines
Established in 2008, Premier Roadlines provides surface logistics solutions to companies of various industries like s Infrastructure, Energy, Power, Oil & Gas, Engineering, Construction, Metallurgical, Renewable energy etc. This includes transporting goods from 1 MT to 250 MT. Various services offered by the company include general transport services, project logistics, and over-dimensional/overweight cargo movements across India. It also serves clients in Nepal, Bhutan etc. apart from India.
As of FY23, Premier Roadlines has served more than 26k orders. It also has certifications for quality services including ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018.
Peer Comparison
● VRL Logistics Limited
● AVG Logistics Limited
● Ritco Logistics Limited
For More Information:
Webstory on Premier Roadlines IPO
Premier Roadlines Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 191.92 | 138.62 | 93.82 |
| EBITDA | 12.80 | 7.55 | 4.23 |
| PAT | 7.18 | 3.88 | 1.55 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 74.10 | 51.44 | 45.78 |
| Share Capital | 1.53 | 1.53 | 1.53 |
| Total Borrowings | 47.07 | 31.595 | 29.82 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -3.83 | 1.28 | 2.43 |
| Net cash from / (used in) investing activities | -6.67 | 0.26 | -1.48 |
| Net cash flow from / (used in) financing activities | 10.51 | -2.27 | 0.66 |
| Net increase (decrease) in cash and cash equivalents | 0.011 | -0.73 | 1.61 |
Premier Roadlines IPO Key Points
-
Strengths
1. The company has dedicated customized ERP software to manage operations efficiently.
2. It serves a large and diverse mix of end-market customers across several industries.
3. It focuses on high-quality services.
4. The company has a Wide Transportation Network & Revenue from multiple geographies in India.
5. Experienced Promoters and management team.
-
Risks
1. Disruptions or failures in the IT systems including cyber risks may affect the business.
2. It operates in a highly competitive industry.
3. It has reported negative cash flow in the past.
4. A significant portion of the revenue from the sale comes from certain geographical regions.
5. High working capital requirements.
Premier Roadlines
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Premier Roadlines IPO FAQs
When does the Premier Roadlines IPO open and close?
Premier Roadlines IPO opens from 10th May to 14th May 2024.
What is the size of Premier Roadlines IPO?
The size of Premier Roadlines IPO is ₹40.36 cr.
How to apply for Premier Roadlines IPO?
To apply for Premier Roadlines IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Premier Roadlines IPO.
● 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.
What is the price band of Premier Roadlines IPO?
The price band of Premier Roadlines IPO is fixed at ₹63 to ₹67 per share.
What is the minimum lot size and investment required for Premier Roadlines IPO?
The minimum lot size of Premier Roadlines IPO is 2000 shares and the investment required is ₹1,26,000.
What is Premier Roadlines IPO listing date?
The Premier Roadlines IPO will be listed on 17th May 2024.
Who are the book runners for Premier Roadlines IPO?
Hem Securities Limited is the book-running lead manager for Premier Roadlines IPO.
What is the objective of Premier Roadlines IPO?
Premier Roadlines plans to utilize the raised capital from the IPO to:
● To fund the vehicle purchase for commercial purposes.
● To repay or prepay a part or full debt obtained.
● To meet the working capital requirements.
● General Corporate Purposes.
Contact Details of Premier Roadlines IPO
Contact Information
Premier Roadlines Limited
B-870, Near Church,
New Ashok Nagar,
New Delhi – 110096
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: http://www.prlindia.com/
Premier Roadlines IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Premier Roadlines IPO Lead Manager
Hem Securities Limited
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