Premier Roadlines IPO

Premier Roadlines Ltd

₹1,26,000 /2000 sharesMinimum Investment

Premier Roadlines IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹67.00₹87.00₹20.00 (29.85%)

Premier Roadlines IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 May ‘24 - 14 May ‘24₹1,26,0002,000₹63 - ₹67
Issue SizeIPO Doc
40.36Cr
RHP PDF

About Premier Roadlines

Premier Roadlines Ltd provides logistics solutions, particularly surface transportation services, to businesses. This goods transport agency provides general transport services, project logistics, and over-dimensional/over-weight cargo movements across India. It transports goods ranging from 1 MT to 250 MT. It offers point to point services, that is, the goods are loaded from the premises of the customer and delivered to the delivery point. The company mainly serves B2B customers requiring transport of bulk quantities of goods, both in India and other neighbouring countries like Nepal and Bhutan. It provides transportation of goods in containerised trucks to the infrastructure, energy, power, oil & gas, engineering, construction, metallurgical, and renewable energy sectors. The company’s logistics business is operated through its network consisting of the Registered and Corporate Office located in Delhi, along with 28 Branch Offices spread across India.;
Parent Organisation
Premier Roadlines Ltd
Founded
2008
Managing Director
Mr. Virender Gupta

Strengths & Risks

  • In FY23, the company delivered over 26,000 orders across India.
  • The company has ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications.
  • Some of the company’s customers include KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, Tata Projects Limited, GR Infraprojects Ltd, Tata Power Solar Systems Limited, and Sterlite Power Transmission Limited, among others.
  • The company’s revenue stream is diversified across multiple geographical locations in India. For the period ending January 31, 2024 and fiscal years ending March 2023, 2022 and 2021, the company generated around 83.50%, 72.98%, 75.55% and 80.71% of total revenue from sales in top 10 geographical regions in India.
  • The company’s total income has been rising consistently over the years. It has risen from Rs 93.83 crore in FY21 to Rs 138.62 crore in FY22, Rs 191.93 crore in FY23 and Rs 174.17 crore in the 10 months to January 2024. During this same period, the profit after tax (PAT) too climbed from Rs 1.55 crore in FY21 to Rs 3.89 crore in FY22 to Rs 7.19 crore in FY23 and Rs 8.75 crore in the 10 months to January 2024.
  • The company does not own a fleet of trucks. It hires vehicles from small fleet owners and agents to fulfil the demands of its customers. Any disruption in hiring these vehicles can hurt the business of the company.
  • The company is involved in various legal cases concerning outstanding income tax demands, TDS defaults, and other issues. An unfavorable ruling in these cases could adversely impact the company's business and financial condition.
  • As of January 31, 2024, the company had contingent liabilities of Rs 1.34 crore, which have not been provided for in its financial statements and which could affect its financial position.
  • The company’s top 10 customers for the 10 months ended January 31, 2024 and financial years ending March 31, 2023, March 31, 2022 and March 31, 2021 accounted for 25.04%, 23.06%, 33.48% and 40.57% of its revenue from operations. Any disruption of business from this select group of customers could be detrimental to the company’s business.
  • The company operates in a highly competitive industry, dominated by a large number of unorganised and organised players. With the trend of larger-scale logistics providers gaining currency in India, the company may face competition from a number of international and domestic third-party logistics service providers.
  • As on January 31, 2024 the company had a total outstanding indebtedness of Rs 37.08 crore.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular63 - 67₹2 Lakh
High Networth Individual63 - 67₹2 - 5 Lakh
For Premier Roadlines IPO, eligible investors can apply as Regular.
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