Premier Roadlines IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

IPO Details IPO GMP IPO Subscription Reviews About Company IPO Timeline KPI Financial Information Peer Comparison Allotment

Premier Roadlines Limited IPO GMP

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:

Repayment and/or pre-payment, in full or part, of certain borrowings availed by Company
Purchase of vehicle for commercial purpose
To meet working capital requirements
General Corporate Purpose

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.