The Premier Roadlines IPO commenced on May 10, 2024, and concluded on May 14, 2024. The allotment of shares took place on May 15, 2024, and the initiation of refunds began on May 16, 2024. The shares were credited to the demat accounts of investors on May 16, 2024. Finally, the listing of Premier Roadlines on the stock exchange occurred on May 17, 2024.
The Premier Roadlines IPO was priced at ₹63 to ₹67 per share, with a lot size of 2000 shares. The total issue size was ₹40.36 crores, comprising a fresh issue of ₹40.36 crores. The IPO was listed on the NSE SME.
Premier Roadlines IPO Basic Details
| Company Name | Premier Roadlines Limited |
| Premier Roadlines IPO GMP Today | ₹25 |
| Premier Roadlines IPO Listing Gain | 37.31% |
| Premier Roadlines IPO Open Date | May 10, 2024 |
| Premier Roadlines IPO Close Date | May 14, 2024 |
| Premier Roadlines IPO Allotment Date | May 15, 2024 |
| Premier Roadlines IPO Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Price | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,024,000 shares of ₹10 (aggregating up to ₹40.36 Cr) |
| Fresh Issue | 6,024,000 shares of ₹10 (aggregating up to ₹40.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Virender Gupta, Rakhi Gupta & Samin Gupta |
Premier Roadlines IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹25 | 37.31% | – | – |
| 13 May 2024 | ₹25 | 37.31% | – | – |
Premier Roadlines Limited IPO Details:
Premier Roadlines Limited started its journey in 2008, aiming to simplify logistics for businesses. Their specialty lies in transporting goods over land, ranging from 1 to 250 metric tons.
Their services cover a wide spectrum, including standard transportation, handling large-scale projects, and moving oversized or heavy cargo all across India. They also excel in contract logistics, helping businesses move hefty quantities of goods within India and to neighboring countries like Nepal and Bhutan.
Their clientele hails from various sectors such as infrastructure, energy, construction, and more. Some notable names include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, and Tata Project Limited, among others.
To ensure smooth operations, Premier Roadlines collaborates with third-party providers, including small fleet owners and agents who supply essential transportation equipment like container trucks and trailers.
Headquartered in Delhi, Premier Roadlines boasts 28 branches spread across key cities like Ahmedabad, Bengaluru, and Mumbai. As of December 31, 2023, they had a dedicated team of 204 full-time employees, including experienced senior executives.
Premier Roadlines IPO More Details Click Here
Premier Roadlines IPO FAQs
When is Premier Roadlines IPO open?
Premier Roadlines IPO will open on 10 May 2024.
When is Premier Roadlines IPO Close?
Premier Roadlines IPO will be closed on 14 May 2024.
What is Premier Roadlines IPO GMP Today?
The Premier Roadlines IPO GMP aka Grey Market Premium is ₹25.
What is Premier Roadlines IPO Kostak Rates Today?
The Premier Roadlines IPO Kostak Rate is ₹000.
What is Premier Roadlines IPO Subject to Sauda Price Today?
The Premier Roadlines IPO subject to sauda rates is ₹000.
Premier Roadlines IPO Expected Returns?
The Premier Roadlines expected return is 37.31%.
How much will be the listing gain in Premier Roadlines IPO?
Premier Roadlines IPO will get listing gain of 37.31%. (Approx.)
