Premier Roadlines Limited IPO
- IPO Date10 May, 2024 to 14 May, 2024
- Listing Date17 May, 2024
- Face Value₹10 per share
- Issue Price₹63 to ₹67 per share
- Lot Size2000 Shares
- Minimum Investment₹1,34,000
- Listing AtNSE SME
- Total Issue Size60,24,000 Shares
(aggregating up to ₹40.36 Cr) - Fresh Issue60,24,000 Shares
(aggregating up to ₹40.36 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,68,38,547
- Shareholding post issue2,28,62,547
IPO Dates
Closing Date
14 May, 2024
Initiation of Refunds
16 May, 2024
Listing Date
14 May, 2024
10 May, 2024
Opening Date
15 May, 2024
Basis of Allotment
16 May, 2024
Credit of Shares
Premier Roadlines Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,34,000 |
| HNI (Min) | 2 | 4000 | ₹2,68,000 |
| Retail (Max) | 1 | 2000 | ₹1,34,000 |
Premier Roadlines Limited Promoter Holding
Virender Gupta, Rakhi Gupta & Samin Gupta are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.65% |
Premier Roadlines Limited COMPANY INFORMATION
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 bidding opened for subscription on May 10, 2024 and will close on May 14, 2024. The allotment for the Premier Roadlines IPO is expected to be finalized on Wednesday, May 15, 2024. Premier Roadlines IPO will list on NSE SME with tentative listing date fixed as Friday, May 17, 2024. Premier Roadlines IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000. 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. Refer to Premier Roadlines IPO RHP for detailed information.
Premier Roadlines Limited was founded in 2008 and offers logistics solutions for companies, especially for land transportation of goods between 1 MT and 250 MT.
The company offers general transportation services, project logistics, and oversized/overweight cargo transportation across India. In the contract logistics segment, the company caters to B2B customers who need to transport large quantities of their goods from one place to another within India and to other neighboring countries like Nepal, Bhutan, etc.
The company's customers come from sectors such as infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, renewable energies, etc. These include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Project Limited, G R Infraprojects Ltd, Tata Power Solar Systems Limited, Sterlite Power Transmission Limited etc.
For the provision of transportation services, the company works with third-party providers, i.e. small fleet owners and agents who provide the company with the necessary transportation equipment, such as container trucks, trailers, hydraulic axles, etc.
The company is headquartered in Delhi and has 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, etc. As at December 31, 2023, the company had 204 permanent full-time employees, including senior executives.
FAQs About Premier Roadlines Limited Ipo
Premier Roadlines Limited IPO will open on 10 May, 2024 and close on 14 May, 2024. Investors must apply within this period to participate.
The Premier Roadlines Limited IPO price band is set between ₹63.00 and ₹67.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹134000.00.
The Premier Roadlines Limited IPO shares are expected to be listed on 17 May, 2024, subject to regulatory approvals and final allotment.
You can track your Premier Roadlines Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Premier Roadlines Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.