Premier Roadlines
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 10 May 2024 – 14 May 2024
- Listing date
- 17 May 2024
- Face value
- ₹10 per share
- Issue price
- ₹67 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Total issue size
- ₹40.36 Cr
- Market cap at offer price
- ₹153 Cr
- Promoter holding
- 100.00% → 73.65% pre-issue → post-issue
- ISIN
- INE0CFG01012
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- B-870, Near Church, New Ashok Nagar, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 17,14,000 | — | — |
| Market maker | 3,04,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹67
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,34,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,68,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,38,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,72,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4.27 | 4.59 |
| P/E (×) | 15.69 | 14.60 |
| Price to book (×) | 3.15 | — |
| Market cap | — | ₹153 Cr |
Key performance indicators
- Return on net worth
- 24.45%
- ROCE
- 20.05%
- Debt / equity
- 1.04
- PAT margin
- 5.02%
- NAV per share
- ₹21.25
- Price to book
- 3.15
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Premier Roadlines
Premier Roadlines Limited was incorporated on March 19, 2008 as 'Premier Roadlines Private Limited' and converted into a public limited company in June 2012. In January 2009 it took over the running transportation business of proprietorship M/s Premier Roadlines (carried on since 1986 by Late Nand Ram Gupta, father of promoter Virender Gupta) for a consideration of Rs. 48.32 lakhs. The company provides point-to-point surface transportation of goods ranging from 1 MT to 250 MT on a Pan India basis (including neighbouring countries such as Nepal and Bhutan), mainly serving B2B customers under its Contract Logistics division. It operates an asset-light model — it owns no fleet and engages third-party small fleet owners and agents for containerized trucks, trailers and hydraulic axles — running its network through a Registered and Corporate Office in Delhi along with 28 branch offices across India, backed by a customised ERP and GPS tracking. Customers 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. In FY 2022-23 it delivered over 26,000 orders to 951 customers, generating revenue from operations of Rs. 19,192.65 lakhs and profit after tax of Rs. 718.50 lakhs (revenue from operations Rs. 17,416.63 lakhs and PAT Rs. 874.67 lakhs for the ten months ended January 31, 2024). The company employs 214 permanent full-time employees, holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, and is accredited as an approved transporter by the Indian Bank's Association.
Company Analysis
from RHPPremier Roadlines Limited is a Delhi-based, ISO-certified goods transport agency providing B2B surface logistics solutions — general transport, project logistics and over-dimensional/overweight cargo movement (1 MT to 250 MT) — across India.
Premier Roadlines Limited was incorporated on March 19, 2008 as 'Premier Roadlines Private Limited' and converted into a public limited company in June 2012. In January 2009 it took over the running transportation business of proprietorship M/s Premier Roadlines (carried on since 1986 by Late Nand Ram Gupta, father of promoter Virender Gupta) for a consideration of Rs. 48.32 lakhs. The company provides point-to-point surface transportation of goods ranging from 1 MT to 250 MT on a Pan India basis (including neighbouring countries such as Nepal and Bhutan), mainly serving B2B customers under its Contract Logistics division. It operates an asset-light model — it owns no fleet and engages third-party small fleet owners and agents for containerized trucks, trailers and hydraulic axles — running its network through a Registered and Corporate Office in Delhi along with 28 branch offices across India, backed by a customised ERP and GPS tracking. Customers 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. In FY 2022-23 it delivered over 26,000 orders to 951 customers, generating revenue from operations of Rs. 19,192.65 lakhs and profit after tax of Rs. 718.50 lakhs (revenue from operations Rs. 17,416.63 lakhs and PAT Rs. 874.67 lakhs for the ten months ended January 31, 2024). The company employs 214 permanent full-time employees, holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, and is accredited as an approved transporter by the Indian Bank's Association.
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹1500.00 lakhs p.83
- Purchase of vehicle for commercial purpose ₹275.97 lakhs p.84
- To meet working capital requirements ₹1400.00 lakhs p.84
- General Corporate Purpose p.86
Issue Structure
- Total Issue
- upto 60,24,000 Equity Shares of ₹10 each aggregating up to ₹[●] lakhs (issue price not yet determined; Public Issue constitutes 26.35% of post-issue paid-up equity share capital)
- Fresh Issue
- up to 60,24,000 Equity Shares aggregating up to ₹[●] lakhs
- Offer for Sale
- Nil
- Face Value
- ₹10/- each
Business Model
Earns revenue by charging B2B customers for point-to-point freight transportation of their goods. Operating an asset-light model with no owned fleet, the company obtains quotations from third-party logistic partners (small fleet owners and agents), adds a markup on those quotations, and executes consignments using hired containerized trucks, trailers and hydraulic axles. Revenue is generated across four service lines — Project Transportation, Contracted Integrated Logistics Services, Over-Dimensional/Overweight Cargo and General Logistics — totaling Rs. 19,192.65 lakhs of revenue from operations in FY 2022-23 (~99.5% domestic).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Virender Gupta | Promoter (Chairman & Managing Director) | 45.23% | 33.31% |
| Rakhi Gupta | Promoter (Whole-Time Director) | 8.22% | 6.06% |
| Samin Gupta | Promoter (Whole-Time Director & CFO) | 25.85% | 19.04% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.