Premier Roadlines Limited was founded in 2008 and offers logistics solutions for companies, especially for land transportation of goods between 1 MT and 250 MT.
The company offers general transportation services, project logistics, and oversized/overweight cargo transportation across India. In the contract logistics segment, the company caters to B2B customers who need to transport large quantities of their goods from one place to another within India and to other neighboring countries like Nepal, Bhutan, etc.
The company's customers come from sectors such as infrastructure, energy, electricity, oil and gas, mechanical engineering, construction, metallurgy, renewable energies, etc. These 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.
For the provision of transportation services, the company works with third-party providers, i.e. small fleet owners and agents who provide the company with the necessary transportation equipment, such as container trucks, trailers, hydraulic axles, etc.
The company is headquartered in Delhi and has 28 branches in Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, Pune, etc. As at December 31, 2023, the company had 204 permanent full-time employees, including senior executives.
| Purpose | Amount (₹ Cr) |
|---|---|
| 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. | — |
| Metric | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 8,699 | 7,411 | 5,145 |
| Revenue | 17,421 | 19,206 | 13,869 |
| PAT | 875 | 719 | 389 |
| Net Worth | 3,578 | 2,703 | 1,985 |
| Reserves | 1,894 | 2,550 | 1,832 |
| Total Borrowing | 3,708 | 3,677 | 2,355 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,858,000 (47%) | — |
| NII / HNI | — | 858,000 (14%) | — |
| Retail (RII) | — | 2,004,000 (33%) | — |
| Market Maker | — | 304,000 (5%) | — |
| Total | — | 6,024,000 (100%) | — |
* Amount calculated at upper price band (₹67) · ** Total includes all investor categories
- 1 Initiation of Refund 16 May 2024
- 2 Credit of Shares to Demat 16 May 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 15x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹5 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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