Premier Roadlines share price makes a positive debut, stock opens with 30% premium at ₹87 apiece on NSE SME

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₹87, which is 30% higher than the issue price of ₹67. Premier Roadlines IPO subscription period ran from Friday, May 10, until Tuesday, May 14. Premier Roadlines IPO price band was set between ₹63 and ₹67, with a face value of ₹10.

Each lot in the Premier Roadlines IPO had 2,000 shares. Premier Roadlines IPO subscription status on the last day of bidding was 117.57 times, as per chittorgarh.com. The company offers logistical solutions to enterprises, specialising in surface transportation of goods weighing one to 250 MT, according to the Red Herring Prospectus.

The company is a goods transportation company that offers point-to-point services, meaning that goods are loaded at the client's location and delivered to the address the client specifies. In addition, they provide project logistics, over-dimensional/overweight freight movements, and basic transportation services to its Indian clients. Also Read: Premier Roadlines IPO: Check latest GMP, subscription status on day 3, other details The Contract Logistics division of the organisation mostly caters to business-to-business (B2B) customers that have to move substantial amounts of goods between locations in India and nearby nations like Nepal, Bhutan, etc.

Premier Roadlines Limited's profit after tax (PAT) climbed by 84.89% between March 31, 2022 and March 31, 2023, while revenue increased by 38.48% over the same period. Premier Roadlines IPO, which is worth about ₹40.36 crore, consists of a fresh issue of 6,024,000 equity shares with a face value of ₹10. There is no offer-for-sale component.