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Premier Roadlines IPO
Price Band
₹63.0–67.0
Issue Size
₹40.36 Cr
Lot Size
2,000 shares
Min Investment
₹134,000
GMP
+₹20.0 (29.85%)
Issue Price
₹67.0
Subject to Sauda
₹30400
Paid only if allotted
Premier Roadlines IPO AI Summary
- Premier Roadlines IPO is listed on NSE SME in the Logistics Solution Provider sector.
- Price band: ₹63.0–₹67.0 per share, lot size 2,000 shares (min. investment ₹134,000).
- Subscription window: 10 May–14 May 2024, listing on 17 May 2024.
- Current GMP is +₹20.0 (29.85%), an estimated listing price of ₹87 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Premier Roadlines IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Premier Roadlines IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+29.85%
Est. Listing
₹87.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2024-01-31
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 86.99 | 74.11 | 51.45 | 45.79 |
| Total Income | 174.21 | 192.06 | 138.69 | 94.16 |
| Profit After Tax | 8.75 | 7.19 | 3.89 | 1.55 |
| NET Worth | 35.78 | 27.03 | 19.85 | 15.96 |
| Reserves and Surplus | 18.94 | 25.50 | 18.32 | 14.43 |
| Total Borrowing | 37.08 | 36.77 | 23.55 | 23.79 |
Key Ratios
EPS
₹4.27
NAV
₹21.25
ROE
27.85%
ROCE
20.05%
RoNW
24.45%
P/B Value
3.15
P/E Ratio
15.7
Market Cap
₹153.18 Cr
PAT Margin
5.02%
Debt/Equity
1.04
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Ritco Logistics Ltd | 16.37% | 27.08 | 9.94 | 9.94 |
| Avg Logistics Limited | 8.76% | 79.61 | 7.09 | 7.09 |
| Vrl Logistics Ltd | 33.12% | 29.73 | 18.8 | 18.8 |
| Premier Roadlines Limited This IPO | 26.58% | — | 4.27 | 4.27 |
Promoters
Virender Gupta, Rakhi Gupta and Samin Gupta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Compan 15.00 2 Purchase of vehicle for commercial purpose 2.76 3 Working Capital Requirement 14.00 4 General Corporate Purposes 3.33
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹94.16 Cr in the period ending 31 Mar 2021, increasing to ₹138.69 Cr by 31 Mar 2022, then rising further to ₹192.06 Cr by 31 Mar 2023. However, in the most recent period ending 31 Jan 2024, total income decreased to ₹174.21 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.55 Cr for the period ending 31 Mar 2021, which grew to ₹3.89 Cr by 31 Mar 2022, and further increased to ₹7.19 Cr by 31 Mar 2023. In the latest period ending 31 Jan 2024, profit after tax rose to ₹8.75 Cr.
Valuation
Premier Roadlines Limited has an EPS of ₹4.27 and is priced at a P/E ratio of 15.7. In comparison, its peers have P/E ratios ranging from 27.08 to 79.61. This suggests that Premier Roadlines is priced at roughly 15.7 times its trailing earnings, versus peers trading at higher multiples.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market before they are officially listed on the stock exchange. A higher GMP usually indicates strong demand and potential for listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Risk-averse investors or those who prefer stable returns may want to avoid IPOs like this, which can be subject to significant price fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on May 10, 2024, and closes on May 14, 2024. Allotment of shares will be done on May 15, 2024, and the listing date is set for May 17, 2024.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance post-IPO. While some investors may experience gains on the listing day, others may face losses if the stock does not perform as expected.
This evaluation is generated from Premier Roadlines's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Premier Roadlines IPO GMP today?
Premier Roadlines IPO GMP today is +₹20.0 (29.85%), indicating an estimated listing price of ₹87. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Premier Roadlines IPO?
The price band of Premier Roadlines IPO is ₹63.0–₹67.0 per share.
When does Premier Roadlines IPO open and close?
Premier Roadlines IPO opens on 10 May 2024 and closes on 14 May 2024.
When does Premier Roadlines IPO list on the stock exchange?
Premier Roadlines IPO listed on 17 May 2024 at ₹87.0.
What is the lot size for Premier Roadlines IPO?
The lot size for Premier Roadlines IPO is 2000 shares, requiring a minimum investment of ₹134,000.
What is the price band for the IPO?
The price band for the IPO is ₹63.0 to ₹67.0.
What is the minimum investment required?
The minimum investment required is ₹134,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
When is the listing date for the IPO?
The listing date for the IPO is May 17, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 May 2024
Close
14 May 2024
Allotment
15 May 2024
Listing
17 May 2024
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