Premier Roadlines is set to launch its Initial Public Offering (IPO) with a book built issue worth Rs 40.36 crores, entirely comprising a fresh issue of 60.24 lakh shares. The subscription for the IPO commences on May 10, 2024, and concludes on May 14, 2024, with the allotment expected to be finalized by Wednesday, May 15, 2024.
The anticipated listing date on NSE SME is slated for Friday, May 17, 2024. The IPO price band is established at ₹63 to ₹67 per share, with a minimum lot size of 2000 shares, necessitating a minimum investment of ₹134,000 for retail investors and ₹268,000 for High Net Worth Individuals (HNIs) for 2 lots (4,000 shares).
Hem Securities Limited acts as the book running lead manager, with Maashitla Securities Private Limited serving as the registrar, and Hem Finlease operating as the market maker for the Premier Roadlines IPO.
Issue includes a public Issue of up to 60,24,000 Equity Shares of the Company at an Issue Price of ₹ 67 per Share. Fresh Funds will be utilized towards:
Company is considering to order these specialized modular hydraulic axles and puller tractor trailer vehicles as these vehicles are used to carry heavy over dimensional/overweight cargos and after acquisition of these assets company shall either deploy them on equipment rental basis for a particular period which may range upto 12 months or may deploy them for a particular project or assignment to be undertaken from one place to another.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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