Premier Roadlines IPO: Check latest GMP, subscription status on day 2, other details
₹63 and ₹67 per equity share with a face value of ₹10 each. 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 logistics solutions to businesses, with a focus on surface transportation of items weighing between 1 and 250 MT. The firm is a products transport agency that provides point-to-point services, which means that items are loaded at the client's location and transported 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.
The company's Contract Logistics department primarily services business-to-business (B2B) clients that need to transfer significant volumes 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) grew by 84.89%, while revenue increased by 38.48%.
The shares for the Premier Roadlines IPO are expected to be allocated on Wednesday, May 15, and credited to the allottees' demat accounts on Thursday, May 16. The refund procedure will start on Thursday itself. Premier Roadlines shares are expected to be launched on the NSE SME on Friday, May 17.
Read more on livemint.com
