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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹40.36 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹40.36 Cr |
| Fresh Issue | ₹38.32 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹63.00-67.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | PRLIND |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 27.85% |
| ROCE | 20.05% |
| Debt / Equity | 1.04% |
| RoNW | 24.45% |
| PAT Margin | 5.02% |
| Price to Book Value | 3.15 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.27 | 4.59 |
| P/E (x) | 15.7 | 14.59 |
| Promoter Holding | 100.00% | 73.65% |
| Market Cap | ₹153.18 Cr. | |
