Premier Roadlines Limited IPO
Premier Roadlines Limited IPO
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Premier Roadlines Limited's successfully completed its Initial Public Offering and commenced trading on 17-05-2024 at the NSE exchange. The company raised 60,24,000 Shares through this public offering, comprising 60,24,000 Shares in fresh capital.
The IPO was priced within the band of ₹63 to ₹67, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 10-05-2024 to 14-05-2024.
Share allotment was finalized on 15-05-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Premier Roadlines IPO About Company
Founded in 2008, Premier Roadlines Limited is a leading logistics provider specializing in land transportation solutions for cargo ranging from 1 MT to 250 MT. The company offers general transportation, project logistics, and oversized/overweight cargo transport across India, catering to industries like infrastructure, energy, oil & gas, construction, and renewables. With top clients such as KEC International, ThyssenKrupp Industrial Solutions, Tata Projects, GR Infraprojects, Tata Power Solar, and Sterlite Power Transmission, Premier Roadlines has established itself as a trusted logistics partner. The company operates mainly in India but also serves neighboring countries like Nepal and Bhutan. Relying on third-party fleet providers, including small fleet owners and agents, the company sources container trucks, trailers, and hydraulic axles to ensure efficient transportation. Headquartered in Delhi, Premier Roadlines maintains a strong presence with 28 branches in major cities such as Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune. As of December 31, 2023, the company employs 204 full-time staff, including senior executives, reinforcing its commitment to operational excellence and customer satisfaction.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Premier Roadlines IPO Strength Factors
- Strong Customer & Partner Relationships: Premier Roadlines Limited builds trust and long-term partnerships with customers and logistics providers, ensuring smooth operations and reliable service delivery.
- Reputation & Quality Focus: The company maintains a strong brand image by adhering to high-quality standards, reinforcing customer confidence and its position as a trusted logistics provider.
- Wide Transportation Network: With an expanding logistics network across India, the company enhances market reach, accessibility, and responsiveness, strengthening its competitive edge in the industry.
Premier Roadlines IPO Risk Factors
- Reliance on Third-Party Providers: The company depends on small fleet owners and agents for logistics operations. Any disruptions or issues with these partners could impact service efficiency and customer satisfaction.
- IT System Vulnerabilities: Risks such as cyber threats, system failures, or data breaches could disrupt operations, affect business continuity, and harm the company's reputation and financial stability.
- Road Infrastructure Dependence: Logistics operations rely on road conditions and vehicle availability. Factors like accidents, roadblocks, or regulatory changes could cause delays, increased costs, and potential customer dissatisfaction.
Premier Roadlines IPO Lead Manager(s)
- Hem Securities Limited
Premier Roadlines IPO Promoter(s)
- Virender Gupta
- Rakhi Gupta
- Samin Gupta
Premier Roadlines IPO FAQs
Premier Roadlines Limited IPO subscribed 115.29 times. The public issue subscribed 102.01 times in the retail category,89.95times in QIB, and -- times in the HNI (10+) category byNovember 18, 2025 11:25:45 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Premier Roadlines IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Premier Roadlines IPO FAQs
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