Premier Roadlines IPO: The price band for the May 10 opening is established at ₹63-67 per share.

Premier Roadlines IPO price band is set at ₹63-67 per share. Subscription begins on May 10 and ends on May 14. The lot size is 2,000 shares. The IPO is worth ₹40.36 crore with no offer-for-sale component. Proceeds will be utilized to repay debt, purchase a business automobile, and for miscellaneous purposes.

 Premier Roadlines IPO
The Premier Roadlines IPO price band is ₹63-₹67 per equity share with a face value of ₹10 each.

The Premier Roadlines IPO price band is ₹63-₹67 per equity share with a face value of ₹10 each. Premier Roadlines’ initial public offering (IPO) will begin on Friday, May 10, and end on Tuesday, May 14. The lot size for the Premier Roadlines IPO is 2,000 shares. A minimum of 2,000 equity shares must be applied for, with further shares applied for in multiples of 2,000.

According to the Red Herring Prospectus, the company provides logistical solutions to businesses, with a focus on surface transportation of items weighing between 1 and 250 MT. The company is a goods transport agency that provides point-to-point services, which means that goods are loaded at the customer’s location and delivered to the delivery place specified by the customer. They also offer general transportation services, project logistics, and over-dimensional/overweight freight moves to its customers in India.

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The company’s Contract Logistics department primarily services business-to-business (B2B) clients who need to move significant amounts of products between sites in India and neighboring countries such as Nepal, Bhutan, etc.

The company’s listed peers include VRL Logistics Ltd (P/E of 29.73), AVG Logistics Ltd (P/E of 79.61), and Ritco Logistics Ltd (P/E of 27.08).

Between March 31, 2022 and March 31, 2023, Premier Roadlines Limited’s profit after tax (PAT) increased by 84.89%, while revenue increased by 38.48%.

It is expected that shares in the Premier Roadlines IPO will be distributed on Wednesday, May 15, and credited to allottees’ demat accounts on Thursday, May 16. The refund process will begin on Thursday itself. Premier Roadlines’ shares are expected to be launched on NSE SME on Friday, May 17.

Premier Roadlines IPO details

Premier Roadlines’ IPO, worth about ₹40.36 crore, includes a fresh issue of 6,024,000 equity shares with a face value of ₹10.

The proceeds of the issue will be used to: prepay or repay some of the company’s outstanding debt, either in full or in part; purchase of an automobile for business use; satisfaction of operating cash needs; and general corporate objectives.

The IPO includes 15% of the net issue for NIIs, 35% for retail investors, and 50% for QIBs.

Maashitla Securities Private Limited is the registrar for the Premier Roadlines IPO, and Hem Securities Limited is the book-running lead manager.

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Hi, My self Saurabh Singh

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