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premier roadlines ipo

Premier Roadlines IPO

  • Status: Closed
  • RHP:
  • ₹ 126,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 May 2024

  • Listing Price

    ₹ 87.00

  • Listing Change

    29.85%

  • Last Traded Price

    ₹ 123.00

IPO Details

  • Open Date

    10 May 2024

  • Close Date

    14 May 2024

  • IPO Price Range

    ₹ 63 to ₹ 67

  • IPO Size

    ₹ 40.36 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    17 May 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Premier Roadlines IPO Subscription Status

Last Updated: 22 May 2024 10:31 AM by 5Paisa

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

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

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


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.
 

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FAQs

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

The size of Premier Roadlines IPO is ₹40.36 cr. 
 

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.
 

The price band of Premier Roadlines IPO is fixed at ₹63 to ₹67 per share. 
 

The minimum lot size of Premier Roadlines IPO is 2000 shares and the investment required is ₹1,26,000.
 

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

Hem Securities Limited is the book-running lead manager for 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.