Premier Roadlines Limited IPO Closed

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IPO date 10th – 14th May 2024
Listing date 17 May 2024
Type SME
Price range 63 – 67
Minimum order quantity 2000
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Premier Roadlines Limited is launching its IPO. The offer opens for subscription on 10th May 2024 and will close on May 14th, 2024.

Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.

What does Premier Roadlines Limited do?

Premier Roadlines Limited, established in 2008, specializes in providing logistics solutions for businesses, particularly surface transportation of goods ranging from 1 MT to 250 MT. They offer general transport services, and project logistics, and handle over-dimensional/overweight cargo movements on a Pan India basis.

Catering mainly to B2B customers under the Contract Logistics division, they transport bulk quantities of goods within India and neighboring countries like Nepal and Bhutan. In FY 2022-23, they completed over 26,000 orders across India. Accredited by the Indian Bank’s Association and certified with ISO 9001:2015, ISO 14001:2015, & ISO 45001:2018, they serve various industrial sectors such as Infrastructure, Energy, Power, Oil & Gas, Engineering, Construction, Metallurgical, and Renewable energy.

The company expanded in January 2009 by acquiring the running business of M/s Premier Roadlines. They engage third-party operators for transportation facilities and utilize a centralized IT network for real-time monitoring of operations. With a widespread transportation network across India, including 28 branch offices, they serve esteemed customers such as KEC International Limited, ThyssenKrupp Industrial Solutions (India) Private Limited, and Tata Power Solar Systems Limited.

Schedule/Timeline of Premier Roadlines Limited IPO

Issue Period 10th May to 14th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 15, 2024
Initiation of Refunds May 16, 2024
Credit of Shares May 16, 2024
Date of Listing May 17, 2024
Mandate end date May 29, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 14, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 13, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Premier Roadlines Limited IPO?

You can apply for the Premier Roadlines Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Premier Roadlines Limited IPO?

You can check the allotment status for the Premier Roadlines Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.