Premier Roadlines Limited
Book Built Issue IPO · NSE
- Price band
- ₹63 - ₹67
- Lot size
- 2,000 shares
- Issue amount
- ₹40.36 cr
- Total subscription
- 115.29×
- Opens
- 10 May 2024
- Closes
- 14 May 2024
- Allotment
- 15 May 2024
- Listing
- 17 May 2024
Offer at a glance
Issue overview
- Issue size
- 60,24,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹40.36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,34,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,68,38,547
- Shares after issue
- 2,28,62,547
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,34,000 |
| HNI | 2 | 4,000 | ₹2,68,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.66 | 689.48 |
| RETAIL | 13.43 | 1,369.64 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.19 | 4.27 | 2.31 |
| ROE | 27.85 | 30.65 | 21.7 |
| ROCE | 20.05 | 19.37 | 16.73 |
| RONW | 24.45 | 26.58 | 19.58 |
| PRE IPO(PE) | 3.15 | 0 | 0 |
| POST IPO(PE) | 15.7 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2008, Premier Roadlines Limited is a leading logistics provider specializing in land transportation solutions for cargo ranging from 1 MT to 250 MT. The company offers general transportation, project logistics, and oversized/overweight cargo transport across India, catering to industries like infrastructure, energy, oil & gas, construction, and renewables. With top clients such as KEC International, ThyssenKrupp Industrial Solutions, Tata Projects, GR Infraprojects, Tata Power Solar, and Sterlite Power Transmission, Premier Roadlines has established itself as a trusted logistics partner. The company operates mainly in India but also serves neighboring countries like Nepal and Bhutan. Relying on third-party fleet providers, including small fleet owners and agents, the company sources container trucks, trailers, and hydraulic axles to ensure efficient transportation. Headquartered in Delhi, Premier Roadlines maintains a strong presence with 28 branches in major cities such as Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune. As of December 31, 2023, the company employs 204 full-time staff, including senior executives, reinforcing its commitment to operational excellence and customer satisfaction.
Strengths
- Strong Customer & Partner Relationships: Premier Roadlines Limited builds trust and long-term partnerships with customers and logistics providers, ensuring smooth operations and reliable service delivery .
- Reputation & Quality Focus: The company maintains a strong brand image by adhering to high-quality standards , reinforcing customer confidence and its position as a trusted logistics provider .
- Wide Transportation Network: With an expanding logistics network across India, the company enhances market reach, accessibility, and responsiveness , strengthening its competitive edge in the industry.
Risk factors
- Reliance on Third-Party Providers: The company depends on small fleet owners and agents for logistics operations. Any disruptions or issues with these partners could impact service efficiency and customer satisfaction .
- IT System Vulnerabilities: Risks such as cyber threats, system failures, or data breaches could disrupt operations, affect business continuity, and harm the company's reputation and financial stability .
- Road Infrastructure Dependence: Logistics operations rely on road conditions and vehicle availability . Factors like accidents, roadblocks, or regulatory changes could cause delays, increased costs, and potential customer dissatisfaction .
Promoters
Virender Gupta
Rakhi Gupta
Samin Gupta
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-870, Near Church,New Ashok Nagar, New Delhi – 110096
+91-11- 4401 5000
[email protected]Company website ↗Understanding PRLIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.