Premier Roadlines Limited (NSE SME)
May 10, 2024 - May 14, 2024
| Price | ₹63 - ₹67 |
| Premium | ₹20 |
|---|---|
| Lot size | 2000 |
| Allotment | May 15, 2024 |
| Listing | May 17, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 134000 | 1003 |
| HNI | 2 | 4000 | 268000 | 429 |
Last updated on 14-May-2024 17:01:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1144000 | 102908000 | 89.95 |
| NIB | 858000 | 154520000 | 180.09 |
| RETAIL | 2004000 | 204424000 | 102.01 |
| Total | 4006000 | 461852000 | 115.29 |
| Retail Apps | 102212 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹16.2 | @8% ₹18.51 | @9% ₹20.83 | @10% ₹23.14 | @11% ₹25.45 | @12% ₹27.77 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| SB OPPORTUNITIES FUND I | 522000 | 30.46% | 3.50 |
| RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED | 226000 | 13.19% | 1.51 |
| MERU INVESTMENT FUND PCC-CELL 1 | 300000 | 17.50% | 2.01 |
| PERSISTENT GROWTH FUND-VARSU INDIA GROWTH STORY SCHEME 1 | 216000 | 12.60% | 1.45 |
| MONEYWISE FINANCIAL SERVICES PRIVATE LIMITED | 150000 | 8.75% | 1.01 |
| SAINT CAPITAL FUND | 150000 | 8.75% | 1.01 |
| FINAVENUE CAPITAL TRUST- FINAVENUE GROWTH FUND | 150000 | 8.75% | 1.01 |
| Total | 1714000 | 100.00% | 11.48 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.27% | 2004000 |
| NII (HNI) | 14.24% | 858000 |
| Anchor | 28.45% | 1714000 |
| QIB | 18.99% | 1144000 |
| Market Maker | 5.05% | 304000 |
| Total | 100.00% | 6024000 |
Premier Roadlines Limited, established in 2008, stands as a leading provider of logistics solutions tailored for land transportation needs ranging from 1 MT to 250 MT. Specializing in general transportation services, project logistics, and oversized/overweight cargo transportation across India, the company caters to a diverse clientele in sectors such as infrastructure, energy, oil and gas, construction, 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. Operating primarily within India and extending services to neighboring countries like Nepal and Bhutan, Premier Roadlines Limited collaborates with third-party providers, including small fleet owners and agents, to procure essential transportation equipment such as container trucks, trailers, and hydraulic axles. Headquartered in Delhi, the company boasts a widespread presence with 28 branches strategically located in key cities like Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune. As of December 31, 2023, the company maintained a dedicated workforce of 204 permanent full-time employees, inclusive of senior executives, reaffirming its commitment to operational excellence and client satisfaction.
Premier Roadlines IPO Details
| Issue Size | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,838,547 |
| Share holding post issue | 22,862,547 |
| Market Maker portion | 304,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 27.85% | 30.65% | 21.70% |
| ROCE | 20.05% | 19.37% | 16.73% |
| RONW | 24.45% | 26.58% | 19.58% |
| D/E | 1.04 | 1.36 | 1.19 |
| EPS (Basic) | 5.19 | 4.27 | 2.31 |
| P/BV | 3.15 | ||
| P/E Pre IPO | 15.7 |
Company Financials
Premier Roadlines Limited Financial Information (Restated Standalone)
Premier Roadlines Limited's revenue increased by 38.48% and profit after tax (PAT) rose by 84.89% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Jan 2024 | Mar 2023 | Mar 2022 | 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 | 874.67 | 718.50 | 388.60 | 155.39 |
| Net Worth | 3,577.83 | 2,703.17 | 1,984.67 | 1,596.07 |
| Reserves | 1,893.98 | 2,550.09 | 1,831.59 | 1,442.99 |
| Borrowing | 3,707.93 | 3,677.26 | 2,354.82 | 2,379.01 |
| Amount in ₹ Lakhs | ||||
Strength factors
Customer and Logistic Partner Relations: Premier Roadlines Limited excels in cultivating and maintaining cordial relationships with its customers and logistic partners. By prioritizing open communication, trust, and reliability, the company fosters enduring partnerships that contribute to its operational efficiency and service excellence.
Brand Image and Quality Assurance: The Company prioritizes enhancing its brand image and consistently meeting stringent quality standards. This commitment ensures customer confidence, strengthens market positioning, and distinguishes Premier Roadlines Limited as a reliable and reputable logistics solution provider in the industry.
Expansive Transportation Network: Premier Roadlines Limited boasts a robust and expanding goods transportation network across India. Through strategic expansion initiatives and efficient logistical operations, the company enhances its market reach, accessibility, and responsiveness to customer demands, solidifying its competitive edge in the logistics sector.
Risk Factors
Dependency on Third-Party Providers: Premier Roadlines Limited faces a significant risk due to its heavy reliance on third-party service providers, namely small fleet owners and agents, for conducting logistics operations. Any disruptions or issues with these external partners could potentially impact the company's ability to deliver services efficiently and meet customer demands.
Information Technology System Vulnerabilities: The Company’s operations are susceptible to disruptions or failures in its information technology systems, including cyber risks. Such incidents could lead to operational disruptions, data breaches, and compromised business continuity, posing risks to the company's reputation and financial stability.
Reliance on Road Infrastructure: Premier Roadlines Limited's business heavily depends on the road network and uninterrupted utilization of vehicles. Any disruptions or limitations in road infrastructure, such as accidents, roadblocks, or regulatory changes, could hinder the company's logistics operations, leading to delays, increased costs, and potential loss of customer trust.
Premier Roadlines IPO Lead Manager(s)
- Hem Securities Limited
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues