Premier Roadlines Ltd IPO
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Premier Roadlines Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 60.24 L | TBA | ₹ 20.04 L | ₹ 133.52 L | NSE | ₹ 40.36 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 May, 24 | 14 May, 24 | 2000 | ₹ 1,26,000 | Book Building - SME | 17 May, 24 |
Premier Roadlines Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 36.01x | 2858000 | 102908000 |
| NII | 180.6x | 858000 | 154956000 |
| Retail | 106.5x | 2004000 | 213422000 |
| Employee | 0x | 0 | 0 |
| Total | 78.23x | 6024000 | 471286000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Premier Roadlines Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.83 | 10.35 | 5.86 |
| EBITDA | 18.72 | 11.04 | 6.49 |
| PAT | 12.62 | 7.20 | 3.89 |
| Total Assets | 80.48 | 64.36 | 47.57 |
| Share Capital | 16.84 | 1.53 | 1.53 |
| Total Borrowings | 35.46 | 37.90 | 23.70 |
| Operating Activities (Net Cash) | 13.51 | 7.89 | 4.52 |
| Investing Activities (Net Cash) | 0.00 | -0.18 | 0.00 |
| Financing Activities (Net Cash) | 35.46 | 37.90 | 23.70 |
| Net Cashflow | 0.81 | 1.70 | 1.59 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Premier Roadlines Ltd
Premier Roadlines Limited was originally incorporated as private limited Company in the name of Premier Roadlines Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 19, 2008 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana with CIN U51103DL2008PTC175563. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on May 09, 2012 our Company was converted into a Public Limited Company and consequently the name of the Company was changed from Premier Roadlines Private Limited to Premier Roadlines Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated June 28, 2012 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, bearing CIN U51103DL2008PLC175563..
India's nominal gross domestic product (GDP) at current prices is estimated to be at Rs. 301.75 trillion (US$ 3.62 trillion) in 2023-24. Additionally, the Nominal GDP at current prices in Q1 of 2023-24 was Rs. 70.67 trillion (US$ 848.92 billion), as against Rs. 65.42 trillion (US$ 785.85 billion) in 2022-23, estimating a growth of 8%. With 115 unicorns valued at more than US$ 350 billion, as of February 2023, India presently has the third-largest unicorn base in the world. The government is also focusing on renewable sources by achieving 40% of its energy from non-fossil sources by 2030.
Premier Roadlines Limited is engaged in providing logistics solutions to businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. The Company is goods transport agency providing general transport services, project logistics, and over dimensional/overweight cargo movements on a Pan India basis to its customers wherein it provides point to point services in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them. The company mainly serve B2B customers under the Contract Logistics division, who have requirement to transport bulk quantities of their goods from one place to another within India and other neighboring countries like Nepal, Bhutan etc. In F.Y. 2022-23, it has delivered over 26,000 orders across India.
Peer Comparison:
- VRL Logistics Ltd
- AVG Logistics Ltd
- Ritco Logistics Ltd
Premier Roadlines Ltd IPO Key Points
Strengths
- Continue to develop cordial relationship with its Customers and Logistic Partners.
- Enhancing Brand image and meeting quality standards.
- Increase its goods transportation network across India.
- Continue to serve more industries.
Risk
- The company does not have its own fleet and are heavily dependent on third party service providers (i.e. Small Fleet Owners and Agents) to effectively carry on its logistics operations.
- Disruptions or failures in its information technology systems including cyber risks may affect the company operations.
- The company generate its major portion of revenue from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
Strategy
- Continue to develop cordial relationship with its Customers and Logistic Partners.
- Enhancing Brand image and meeting quality standards.
- Increase its goods transportation network across India.
- Continue to serve more industries.
- Continue to develop cordial relationship with its Customers and Logistic Partners.
- Enhancing Brand image and meeting quality standards.
- Increase its goods transportation network across India.
- Continue to serve more industries.
How To Apply for Premier Roadlines Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.