Premier Roadlines Limited IPO : Company Information

Premier Roadlines Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2008. It is a goods transport agency providing general transport services, project logistics, and over dimensional/overweight cargo movements on a Pan India basis to customers wherein the company 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. Company does not own any fleet. It hires from small fleet owners and agents and fulfils the demands of the customer. Thus it operates on an asset light model.

Currently, it is engaged in providing transportation of goods in containerized trucks to various industrial sectors such as Infrastructure, Energy, Power, Oil & Gas, Engineering, Construction, Metallurgical, Renewable energy etc. To provide transportation services, it engages third party operators i.e. small fleet owners and agents who provide necessary transportation facilities such as containerized trucks, Trailers, Hydraulic axles etc.

Other Information

PRL mainly serves B2B customers under the Contract Logistics division, who have a requirement to transport bulk quantities of their goods from one place to another within India and other neighbouring countries like Nepal, Bhutan etc. In F.Y. 2022-23, it has delivered over 26,000 orders across India. Few of its esteemed customers 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. 

It carries logistics business through a widespread transportation network across India which it is operating through Registered and Corporate Office located in Delhi, along with 28 Branch Offices located in various cities of India like Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune etc. 

As of January 31, 2024, it had 214 employees on its payroll.

Premier Roadlines Limited : IPO DETAILS

Premier Roadlines Limited IPO is set to launch on 10 May, 2024. The subscription timeline extends till 14 May, 2024. The size for the IPO is Rs. 40.36 Crore. The entire issue is a fresh issue of 60.24 Lakh shares amounting to Rs. 40.36 Crore. The lot size is 2000 shares and the price is Rs. 63 to Rs. 67 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Maashitla Securities Private Limited.

Tabular Description of Premier Roadlines Limited IPO

Premier Roadlines Limited IPO: IMPORTANT DATES

Premier Roadlines Limited IPO begins for subscription from 10 May, 2024. The IPO subscription would continue till 14 May, 2024. The allotment status for the shareholders who applied would come on 15 May, 2024. The refunds for the ones who did not get allotment would be initiated on 16 May, 2024. The DEMAT accounts of shareholders would be credited on 16 May, 2024. The listing of the company would be completed on 17 May, 2024.

Premier Roadlines Limited IPO: Lead Managers

The lead managers are :

• Hem Securities Limited 

The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 134000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 268000.  

OBJECTIVES FOR THE IPO

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

COMPANY FINANCIALS

Premier Roadlines Limited had an asset base of Rs. 4578.82 Lakhs in 2021 which increased to Rs. 7410.76 Lakhs in 2023.The asset base of the firm jumped to Rs. 8699.12 Lakhs as on Jan-2024. The revenue for the company was Rs. 9415.78 Lakhs in 2021, which increased to Rs. 19205.60 Lakhs in 2023. The revenue for 10 months ending January 2024 was Rs. 17420.71 Lakhs. The profit of the company increased from Rs. 155.39 Lakhs in 2021 to Rs. 718.50 Lakhs in 2023. The profit generated for the 10 months ending January 2024 was Rs. 874.67 Lakhs.

PROS

• The company is operating in a highly competitive and fragmented segment of transport logistics. It does not own any vehicles, but provides services on third party contracts. 
• It marked steady growth in its top and bottom lines for the reported periods.
• It carries logistics business through a widespread transportation network across India which it is operating through Registered and Corporate Office located in Delhi, along with 28 Branch Offices located in various cities of India like Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune etc. 
• Esteemed customers includes 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.

Premier Roadlines Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Premier Roadlines Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.