Premier Roadlines Limited IPO

Price
₹63 - ₹67
Lot
2000
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 10-May-2024
Close Date: 14-May-2024
Allotment Date: 15-May-2024
Listing Date: 16-May-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹63-67 Per Equity Share
Issue Size: Total Issue Size 6,024,000 shares (aggregating up to ₹40.36 Cr) : Fresh Issue 6,024,000 shares (aggregating up to ₹40.36 Cr)
Market Lot (Min Amount): Retail - ₹134,000 : HNI - ₹268,000
Valuations

Earning Per Share(EPS)4.27/-
P/E Ratio15.7
RoNW24.45%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,20238,699.1217,420.71874.67
31 Mar,20237,410.7619,205.60718.50
31 Mar,20225,144.6213,868.81388.60
31 Mar,20214,578.829,415.78155.39
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding73.65%
Company Promoter(s)
1. Virender Gupta
2. Rakhi Gupta
3. Samin Gupta
Issue Objective(s)

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company;
  2. Purchase of vehicle for commercial purposes;
  3. To meet working capital requirements; and
  4. General Corporate Purpose.
About Company

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.

Disclaimer

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