The Premier Roadlines IPO is a significant event in the logistics sector. The company, which provides general transportation services, project logistics, and oversized/overweight cargo transportation across India, is offering a fresh issue of 60.24 lakh shares, amounting to Rs 40.36 crores.
The subscription period for the Premier Roadlines IPO begins on May 10, 2024, and concludes on May 14, 2024. The allotment of shares is anticipated to be completed by May 15, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 17, 2024.
Investors can participate in the Premier Roadlines IPO at a price band of ₹63 to ₹67 per share. The minimum lot size for retail investors is 2000 shares, requiring an investment of ₹134,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹268,000 for 2 lots, equivalent to 4,000 shares.
Hem Securities Limited is the lead manager for the Premier Roadlines IPO, ensuring the smooth running of the book. Maashitla Securities Private Limited is the registrar for the issue, handling all administrative aspects. Hem Finlease is the market maker for the Premier Roadlines IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the Premier Roadlines IPO and don’t miss the chance to invest in the future of Premier Roadlines, a key player in the logistics sector.
IPO Details :
| Company Name | Premier Roadlines |
| Sector | Logistics |
| IPO Type | SME |
| IPO Open date | 10th May 2024 |
| IPO Close date | 14th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,34,000 |
| HNI (Min) | 2 | 4000 | 2,68,000 |
IPO Timeline:
| IPO Open Date | 10th May 2024 |
| IPO Close Date | 14th May 2024 |
| Basis of Allotment | 15th May 2024 |
| Refund Initiation Date | 16th May 2024 |
| Shares Credit to Demat | 17th May 2024 |
| Listing Date | 17th May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
