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SME IPO Status: Listed [10th May 2024 to 14th May 2024]
Premier Roadlines IPO, a SME IPO of ₹40.36 Cr was launced on 10-05-2024 to 14-05-2024 and the shares got listed on NSE SME on 17-05-2024.
The public issue of Premier Roadlines IPO (PRLIND) was offered at ₹67.00 per share and the ipo was listed at ₹87.00. It has delivered listing gain of 29.85%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 40000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 10th May 2024 |
| SME IPO Issue Closing Date: | 14th May 2024 |
| SME IPO Issue Price: | ₹63.00-67.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹40.36 Cr |
| Fresh Issue: | ₹40.36 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.65% |
| Allotment Status: | Allotment Status |
| NSE Code: | PRLIND |
Get important updates regarding Premier Roadlines SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 15th May 2024 |
| Refunds Initiation* | 16th May 2024 |
| Credit of Shares to Demat* | 16th May 2024 |
| SME IPO Listing Date* | 17th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹63.00-67.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹134000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-05-2024 | 67.00 | 20 | 30400 | ₹87 (29.85%) | 17-May-2024 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Premier Roadlines Limited was established in 2008 and provides logistics solutions for businesses, especially for land transportation of goods from 1 MT to 250 MT. Premier Roadlines is a freight transportation company providing general transportation services, project logistics and oversized/overweight freight movement across India for its customers.
This company offers point-to-point services where the goods are loaded at the customer's location and delivered to the customer's specified delivery point. The contract logistics segment mainly caters to B2B customers who need to transport large quantities of their goods from one place to another in India and other neighboring countries like Nepal, Bhutan etc.
For providing transportation services, third-party vendors i.e. small fleet owners and agents are engaged to provide us with the required transportation facilities like container vehicles, trailers, hydraulic axles etc. The company's centralized information technology network connects the branches with the head office, enabling real-time monitoring of operations, shipment bookings and delivery status.
The company operates its logistics business through its extensive transportation network across India from its head office in Delhi and its 28 branches in various Indian cities like Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune etc. Some of his esteemed clients are 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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Logistics Solution Provider | ₹40.36 Cr | http://www.prlindia.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,144,000 (28.56%) | 816,000 (20.37%) | 2,004,000 (50.02%) | 4,006,000 | |
| 1 | 10th May 2024 19:31 | 2.18x | 4.77x | 1.25x | 1.42x |
| 2 | 13th May 2024 19:31 | 2.18x | 4.77x | 10.91x | 7.05x |
| 3 | 14th May 2024 18:21 | 89.95x | 180.25x | 106.50x | 117.57x |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,699.12 | 7,410.76 | 5,144.62 | 4,578.82 |
| Revenue | 17,420.71 | 19,205.60 | 13,868.81 | 9,415.78 |
| Profit After Tax | 874.67 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3,577.83 | 2,703.17 | 1,984.67 | 1,596.07 |
| Reserves and Surplus | 1,893.98 | 2,550.09 | 1,831.59 | 1,442.99 |
| Total Borrowing | 3,707.93 | 3,677.26 | 2,354.82 | 2,379.01 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Premier Roadlines Limited | 4.27 | 4.27 | 26.58 | |||
| Vrl Logistics Ltd | 18.8 | 18.8 | 29.73 | 33.12 | ||
| Avg Logistics Limited | 7.09 | 7.09 | 79.61 | 8.76 | ||
| Ritco Logistics Ltd | 9.94 | 9.94 | 27.08 | 16.37 |
Last Updated on 19-May-2024 16:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Premier Roadlines SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Premier Roadlines SME IPO with Zerodha.
Alternate approch to apply in Premier Roadlines SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Premier Roadlines SME IPO Review and Important Updates
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To subscribe or apply in Premier Roadlines SME IPO, you can use the following methods:
| Premier Roadlines SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Premier Roadlines SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Premier Roadlines SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Premier Roadlines SME IPO. Most of the Syndicate Banks provide access to apply in Premier Roadlines IPO via ASBA process. You must have your net banking access, DP ID information to apply in Premier Roadlines SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Premier Roadlines SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Premier Roadlines SME IPO Review and Important Updates
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Premier Roadlines SME IPO is going to be list on 17-05-2024. NSE Code for Premier Roadlines is PRLIND.
Other relevant questions:
When Premier Roadlines SME IPO will be listing? Premier Roadlines SME IPO NSE listing date?Premier Roadlines SME IPO date of listing
Premier Roadlines SME IPO Allotment Date is 15-05-2024.
Other relevant questions:
Premier Roadlines SME IPO share allotment date?Premier Roadlines SME IPO allotment date?
