IPO Details
Bidding Dates
10 May 24 - 14 May 24
Price Range ₹
63 - 67
Total Equity
₹ 40.36Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
10 May 2024
Offer end
14 May 2024
Allotment
15 May 2024
Refund initiation
16 May 2024
Demat transfer
16 May 2024
Listing
17 May 2024
Offer start
10 May 2024
Offer end
14 May 2024
Allotment
15 May 2024
Refund initiation
16 May 2024
Demat transfer
16 May 2024
Listing
17 May 2024
About Company
Established in 2008, Premier Roadlines Limited specializes in offering logistics solutions tailored for companies, focusing particularly on land transportation of goods ranging from 1 MT to 250 MT. Their services encompass general transportation, project logistics, and the handling of oversized/overweight cargo nationwide. In the contract logistics sector, the company serves B2B clients requiring large-scale transportation of goods within India and neighboring countries like Nepal and Bhutan. Clients span various sectors including infrastructure, energy, 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. To provide transportation services, the company collaborates with third-party providers, such as small fleet owners and agents, who supply the necessary transportation equipment such as container trucks, trailers, and hydraulic axles. Headquartered in Delhi, the company operates through 28 branches across major cities like 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.
Year Founded
19-03-2008
Promotor Details
Virender Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.65 |
| Share Capital | 16838547 | 16838547 |
Offer to Public
60,24,000.00 Cr
Project Details
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our - 150cr
- Purchase of vehicle for commercial purpose - 33.4cr
Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company.Purchase of vehicle for commercial purpose.To meet working capital requirements.General Corporate Purpose.
Highlights
- Premier Roadlines offers a wide range of logistics solutions, including general transportation, project logistics, and handling oversized/overweight cargo, catering to diverse client needs.
- The company serves prominent clients across various sectors, indicating its credibility and reliability in providing logistics services.
- With 28 branches across major cities in India, Premier Roadlines has established a widespread transportation network, enabling efficient delivery of services nationwide.
- Collaborating with third-party operators allows Premier Roadlines to access necessary transportation equipment and expand its service capabilities without significant capital investment.
- The company's centralized information technology network facilitates real-time monitoring of operations, enhancing operational efficiency and customer service.
Challenges
- Reliance on small fleet owners and agents for transportation facilities may pose challenges in maintaining quality control and reliability of services.
- Despite having branches in multiple cities, Premier Roadlines' operations are primarily focused in India, potentially limiting growth opportunities in international markets.
- The need to allocate funds for working capital may strain the company's financial resources, especially if revenues fluctuate or economic conditions deteriorate.
- Utilizing proceeds to repay borrowings suggests existing financial liabilities, which could impact profitability and cash flow if not managed effectively.
- Premier Roadlines' business performance may be sensitive to economic fluctuations, particularly in sectors like infrastructure and construction, which could affect demand for logistics services.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 5,116.25 | 153.08 | 718.50 | 718.50 | 4.2669 |
| 2023 | 7,374.44 | 153.08 | 388.60 | 388.60 | 2.3078 |
| 2021 | 4,560.94 | 153.08 | 155.39 | 155.39 | 0.9228 |
