Premier Roadlines Ltd

Issue
Opens On Closes On
10-May-24 14-May-24
Money Payable On
Application Allotment
67.00 0.00

Minimum Application for shares in Nos : 2000 Further Multiples of : 2000

Lead Managers to the Issue
Project Cost (₹.Cr) 35.09 Hem Securities Ltd
Project Financed through Current Offer (₹.Cr) 40.36  
Post Issue Equity Share Capital (₹.Cr) 22.86
Issue Price (₹) 67.00
Projects

Repayment and/or pre-payment in full or part of certain borrowings availed by the company

Purchase of vehicle for commercial purposes

To meet working capital requirements

General corporate purposes

Promoted By
Virender Gupta
Rakhi Gupta
Samin Gupta
Listing At
NSE - SME
Registrar to the Issue
No Data Available
  • 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.