Premier Roadlines IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Premier Roadlines IPO. Explore Premier Roadlines IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Established in 2008, Premier Roadlines Limited is a prominent logistics solutions provider specializing in surface transportation of goods across India and neighboring countries. With a comprehensive range of services including general transport, project logistics, and over-dimensional cargo movements, the company primarily serves B2B customers under its Contract Logistics division. Premier Roadlines boasts accreditation as an approved transporter by the Indian Bank’s Association and holds ISO certifications, ensuring quality and reliability in its operations.
Key Points:
- Logistics Solutions: Premier Roadlines offers a wide array of logistics services, catering to businesses requiring transportation of goods ranging from 1 MT to 250 MT. The company's services cover general transport, project logistics, and transportation of over-dimensional or overweight cargo on a Pan India basis. With over 26,000 orders delivered across India in F.Y. 2022-23, Premier Roadlines has demonstrated its capabilities in handling diverse transportation needs.
- Operations and Infrastructure: The company operates through a widespread transportation network across India, supported by its Registered and Corporate Office in Delhi and 28 branch offices in key cities such as Ahmedabad, Bengaluru, Chennai, Mumbai, and Pune. Premier Roadlines leverages third-party operators, including small fleet owners and agents, to provide transportation facilities such as containerized trucks and trailers. Its centralized information technology network enables real-time monitoring of operations, consignment bookings, and delivery status.
Objects of the Issue
- 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 Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 May - 14 May 2024 |
| IPO Price Band | ₹ 63 - 67 per share |
| Fresh Issue | Upto 60,24,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 40.36 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 May 2024 |
| IPO Closing Date | 14 May 2024 |
| Basis Of Allotment | 15 May 2024 |
| Refunds | 16 May 2024 |
| Demat Transfer | 16 May 2024 |
| IPO Listing Date | 17 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| Total Income | 94.16 | 138.69 | 192.06 | 174.21 |
| Total Expenses | 91.99 | 133.46 | 182.40 | 162.43 |
| Net Profit/Loss | 2.17 | 5.23 | 9.65 | 11.78 |
| NPM (*) | 1.66 | 2.80 | 3.74 | 5.02 |
| Total Assets | 45.79 | 51.45 | 74.11 | 86.99 |
| Total Liabilities | 29.83 | 31.60 | 47.08 | 51.21 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| EPS | 0.92 | 2.31 | 4.27 | 5.19 |
| ROE (%) | 10.25 | 21.70 | 30.65 | 27.85 |
| ROCE (%) | 10.43 | 16.73 | 19.37 | 20.05 |
| D/E Ratio | 1.49 | 1.19 | 1.36 | 1.04 |
| Current Ratio | 1.45 | 1.73 | 1.74 | 1.63 |
| EBITDA MARGIN (%) | 4.52 | 5.45 | 6.67 | 8.73 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Premier Roadlines Limited | 192.06 | 15.69 | 4.27 | 26.58 | 16.05 |
| VRL Logistics Limited | 2,662.87 | 29.73 | 18.80 | 33.12 | 110.46 |
| AVG Logistics Limited | 429.90 | 79.61 | 7.09 | 8.76 | 76.23 |
| Ritco Logistics Limited | 754.05 | 27.08 | 9.94 | 16.37 | 60.70 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 89.95 |
| Non-Institutional Investor (NII/HNI) | 180.25 |
| Retail Individual Investor (RII) | 106.5 |
| Total | 117.57 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Company Promoters
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Premier Roadlines Limited
B-870, Near Church, New Ashok Nagar, New Delhi – 110096, Delhi, India.
Phone: +91-11- 4401 5000
Email: cs@prlindia.com
Website: www.prlindia.com
FAQs
- What is the issue size of the Premier Roadlines SME IPO?The Premier Roadlines SME IPO has an issue size of Approx ₹ 40.36 crore. This includes a fresh issue of Upto 60,24,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Premier Roadlines IPO?The price band for the Premier Roadlines IPO is ₹ 63 - 67 per share.
- What are the bidding dates for the Premier Roadlines IPO?The Premier Roadlines IPO will open for bidding on 10 May 2024 and close on 14 May 2024.
- What is the allotment date for the Premier Roadlines IPO?The allotment date for the Premier Roadlines IPO is 15 May 2024.
- What is the listing date for the Premier Roadlines IPO?The listing date for the Premier Roadlines IPO is 17 May 2024.
- What is the Premier Roadlines IPO grey market premium?The grey market premium (GMP) for the Premier Roadlines IPO is currently at ₹20, with an expected listing gain of approximately 29.85%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.