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IPO Synopsis

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Premier Roadlines Ltd
Registered Office: B-870 New Ashok Nagar,New Delhi , New Delhi - 110091 , New Delhi , India.
Phone : +91 11 4401 5000
Fax :
Email :  cs@prlindia.com  
Website :  www.prlindia.com
Initial public offer of upto 60,24,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Premier Roadlines Limited ("The Company" or "The Issuer") at an issue price of Rs. 67 per equity share (including share premium of Rs. 57 per equity share) for cash, aggregating up to Rs. 40.36 crores ("Public Issue") out of which 3,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 67 per equity share for cash, aggregating Rs. 2.04 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 57,20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 67 per equity share for cash, aggregating upto Rs. 38.32 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.35% and 25.02% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10 eacha and issue price is Rs. 67 each. The issue price is 6.70 times of the face value of the equity share.

Issue Money Payable On
Opened On Closed On Offer Price Application
10-May-24 14-May-24 ₹  67.00 ₹  67.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Lead Managers to the Issue
Project Cost ₹   35.09 Cr
Hem Securities Ltd
Project Financed through Current Offer ₹   40.36 Cr  
Post Issue Equity Share Capital ₹   22.86 Cr  
Face Value ₹   10  
 
Projects
Repayment and/or pre-payment in full or part of certain borrowings availed by the companyTo meet working capital requirements
Purchase of vehicle for commercial purposesGeneral corporate purposes
Promoted By
Virender Gupta  
Rakhi Gupta  
Samin Gupta  
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.