Premier Roadlines Limited IPO: Check Issue Date, Price, Lot Size & Company Financial

Q: When will Premier Roadlines Ltd's IPO open for subscription?

The IPO subscription window will open on May 10, 2024 .

IPO Details

Bidding Dates

09 May '24 - 13 May '24

Minimum Investment

₹1,34,000 / 1 Lot ( 2,000 Shares )

Price Range

₹63 - ₹67

Maximum Investment

₹1,34,000 / 1 Lot ( 2,000 Shares )

Retail Discount

To be announced

Issue Size

₹40.36 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 9, 2024

IPO Closing Date

May 13, 2024

Basis of Allotment

May 14, 2024

Initiation of Refunds

May 15, 2024

Credit of Shares to Demat

May 15, 2024

IPO Listing Date

May 16, 2024

Cut-off time for UPI mandate confirmation

May 13, 2024

About Premier Roadlines Ltd

Premier Roadlines Limited, established in 2008, specialises in logistics and land transportation services across India and neighbouring countries such as Nepal and Bhutan. The company primarily provides solutions for transporting goods ranging from 1 MT to 250 MT, catering to sectors like infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, and renewable energies.

Notable clients include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Project Limited, G R Infraprojects Ltd, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited.

Premier Roadlines offers a comprehensive suite of services that encompasses general transportation, project logistics, and the handling of oversized or overweight cargo. In its contract logistics segment, the company serves B2B customers, facilitating large-scale transport of goods within India and to adjacent countries.

The company partners with third-party providers, such as small fleet owners and agents, to secure the necessary transportation equipment, including container trucks, trailers, and hydraulic axles.

Headquartered in Delhi, Premier Roadlines operates a network of 28 branches located in major cities including Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune. As of December 31, 2023, it employs 204 permanent full-time staff, including senior executives.

Industry Outlook:

India's logistics sector contributes 14.4% to its GDP and supports over 22 million jobs, highlighting its critical economic role.
Governed by a logistics division established in 2017, the sector encompasses 37 export councils, 40 PGAs, and requires 500 certifications.

Premier Roadlines Ltd IPO Details

Premier Roadlines Ltd IPO Dates

Premier Roadlines IPO is open from May 10, 2024, to May 14, 2024. The IPO will be listed on NSE Emerge.

Premier Roadlines Ltd IPO Price Band

Premier Roadlines is a book built issue IPO. The price band is set at ₹63 to ₹67 per share.

Premier Roadlines Ltd IPO Lot Size

The lot size for Premier Roadlines Limited’s IPO is 2,000 shares with a minimum investment of ₹1,34,000.

Premier Roadlines Ltd IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company;
Purchase of vehicle for commercial purpose;
To meet working capital requirements;
General Corporate Purposes.

Peer Details

The companies considered by Premier Roadlines as its peers include:

VRL Logistics Limited
AVG Logistics Limited
Ritco Logistics Limited

How to Check the Allotment Status of the Premier Roadlines Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the Individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Premier Roadlines Limited IPO

Registered office: B-870, Near Church, New Ashok Nagar, New Delhi – 110096, Delhi, India
Phone: +91-11- 4401 5000
E-mail:cs@prlindia.com

IPO Financials

Particulars	6-Month period Ending on September 30, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Revenue (in ₹ lakh)	9639.60	19205.60	13868.81	9415.78
Profit After Tax (PAT) (in ₹ lakh)	440.80	718.50	388.60	155.39
Cash & Cash Equivalents (in ₹ lakh)	420.69	160.62	159.44	232.43
Net Worth (in ₹ lakh)	3143.97	2703.17	1984.67	1596.07
Debt Equity Ratio (x)	1.12	1.36	1.19	1.49
Return on Equity (%)	15.08%	30.65%	21.70%	10.25%
Return on Capital Employed (RoCE) (%)	11.74%	19.37%	16.73%	10.43%
Diluted Earning Per Share (EPS)-in absolute ₹	2.62	4.27	2.31	0.92

Know before investing

Strengths

Premier Roadlines employs advanced ERP and GPS systems for real-time fleet management, ensuring accurate and efficient logistics operations.
The company boasts a diverse customer base across sectors like Infrastructure and Energy, maintaining long-term relationships with major clients such as L&T and KEC International.
Accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, Premier Roadlines consistently delivers quality services, fostering repeat business.
With 28 branches across India and significant revenue from top regions, Premier Roadlines sustains a broad operational network catering to diverse customer needs.

Risks

Dependency on third-party service providers for transportation limits control over operations, risking service disruptions and increased expenses (Freight and Transportation Expenses: ₹8117.34 to ₹16518.31 Lakhs annually).
Cybersecurity threats and IT system failures could lead to significant operational disruptions and require costly security upgrades to protect data integrity.
Geographic concentration risks with 72.98% to 80.71% of revenue from top 10 regions, making regional disruptions potentially catastrophic to financial stability.
Road dependency and external factors like political unrest and natural calamities could cause vehicle breakdowns and delivery delays, impacting reputation and financial results.