✓
Open
10 May 2024
✓
Close
14 May 2024
3
Allotment
—
✓
Listing
Fri, May 17, 2024
Price Band
₹63 to ₹67
Issue Size
60,24,000 shares (agg. up to ₹40 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, May 17, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 82.18x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 86.99 | 74.11 | 51.45 | 45.79 |
| Total Income | 174.21 | 192.06 | 138.69 | 94.16 |
| Profit After Tax | 8.75 | 7.19 | 3.89 | 1.55 |
| NET Worth | 35.78 | 27.03 | 19.85 | 15.96 |
| Reserves and Surplus | 18.94 | 25.50 | 18.32 | 14.43 |
| Total Borrowing | 37.08 | 36.77 | 23.55 | 23.79 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| GConnect Logitech & Supply Chain Ltd. | SME | ₹5.60 Cr | ₹40 | 1.5 | ₹44.10 | +10.25% | ₹10.00 (+0.00%) |
| Sahara Maritime Ltd. | SME | ₹6.88 Cr | ₹81 | 15.03 | ₹81.16 | +0.20% | ₹22.00 (-2.22%) |
| S J Logistics (India) Ltd. | SME | ₹48.00 Cr | ₹125 | 14.14 | ₹183.75 | +47.00% | ₹336.65 (+1.25%) |
| Marinetrans India Ltd. | SME | ₹10.92 Cr | ₹26 | 14.53 | ₹31.00 | +19.23% | ₹14.15 (+4.81%) |
| Committed Cargo Care Ltd. | SME | ₹24.95 Cr | ₹77 | 10.94 | ₹86.10 | +11.82% | ₹330.00 (-2.37%) |
| Oneclick Logistics India Ltd. | SME | ₹9.91 Cr | ₹99 | 0.51 | ₹133.00 | +34.34% | ₹430.00 (+1.42%) |
| Zeal Global Services Ltd. | SME | ₹36.46 Cr | ₹103 | 13.83 | ₹154.35 | +49.85% | ₹65.60 (+0.00%) |
| TVS Supply Chain Solutions Ltd. | Mainboard | ₹880.00 Cr | ₹197 | 189.42 | ₹201.00 | +2.03% | ₹138.59 (-0.11%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Compan | 15.00 |
| 2 | Purchase of vehicle for commercial purpose | 2.76 |
| 3 | Working Capital Requirement | 14.00 |
| 4 | General Corporate Purposes | 3.33 |
About Premier Roadlines IPO
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 Del
Contact Details
Premier Roadlines Ltd. AddressB-870, Near ChurchNew Ashok NagarDelhi, New Delhi, 110096+91-11- 4401 5000cs@prlindia.comVisit Website